JP Morgan Chase & Co.

Deposit Forecasting and Analytics - Senior Associate

JP Morgan Chase & Co.$75K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, economics, statistics, or math required
  • 3+ years of experience in financial analytics, treasury, or pricing at a large institution or consulting firm
  • Ability to effectively analyze problems and communicate insights clearly both verbally and in writing
  • Strong skills in identifying patterns in large datasets and deriving actionable business recommendations
  • Aspirations to take on future leadership roles within the firm

Responsibilities

  • Partner with planning & analysis teams for forecast execution and monthly reporting
  • Collaborate with model analytics team to understand drivers and create analytical forecasting frameworks
  • Stress-test and troubleshoot forecasting model outcomes for accuracy
  • Enhance data capabilities to offer deeper insights into deposit trends for senior management
  • Present forecast updates to line of business CFOs and other key stakeholders
  • Quickly respond to ad-hoc requests from senior management

Benefits

  • Opportunity to work with senior leadership and key stakeholders
  • Engagement in strategic forecasting that impacts over $13B in annual revenue
  • Professional growth with potential leadership development
  • Collaborative work environment with cross-functional teams
  • Access to advanced analytical tools and methodologies
Full Job Description
JOB DESCRIPTION

This is a key position to support the forecast execution of over ~$13B in annual deposit net interest revenue.  This position will require close interaction with others teams including Treasury, Product & Pricing, Technology, CFOs, Corporate Planning & Analysis (P&A), Corporate Treasury & Chief Investment Office (TCIO), Controllers, and other line of business finance teams.

As a Deposit Forecasting and Analytics Associate within consumer banking, you will understand key promoters such as accounts, customer rates paid, transfer funds pricing (FTP), balances, debit card transactions, overdrafts, and investment flows.  You will also be accountable for developing best in-class analytics around deposit growth and NII drivers to support forecasting and month-end reporting. Additionally, the analytics derived from these exercises will be used extensively by the business to inform strategy as well as by the Corporate Treasury and Chief Investment Office to develop funding, capital, interest rate risk (IRR), and asset-liability management (ALM) frameworks.

Job Responsibilities: 

  • Partner with the planning & analysis (P&A) teams for the execution of the forecast and the monthly reporting deliverables
  • Partner with the model analytics team to understand model drivers and derive analytical frameworks for forecasting deposit balances and customer rate paid
  • Stress, sensitize, and troubleshoot forecast model results to ensure reasonable outcomes
  • Advancing the team’s data capabilities in order to provide senior management more insights into deposit trends
  • Present forecast updates to LOB CFOs, Pricing, Treasury and other key senior partners
  • Timely address ad-hoc requests from senior management

 

Required Qualifications, skills, and capabilities:

  • Bachelor's degree in related field required (finance, economics, statistics, math)
  • 3+ years of experience in one or a combination of the following: financial analytics or reporting, treasury or pricing analytics at a large financial institution or  management consulting firm 
  • An outstanding ability to analyze problems, communicate effectively and confidently (both oral and written), and work well in cross-functional teams
  • Ability to find relationships and identify patterns in large datasets and to see business implications of findings, and translate into concise, insightful, and actionable recommendations

     

  • Aspiration to become a future leader and manager of others at the firm

 

Preferred Qualifications, skills, and capabilities:

  • CFA or Master’s degree preferred

     

  • Familiarity with basic statistics and analytical tools such as Tableau, Alteryx, Python, R, and SQL is a plus

 

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

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For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

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Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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