JP Morgan Chase & Co.

Risk Management - Stress Testing - Executive Director

JP Morgan Chase & Co. • $160K — $200K *
Plano, TX 75024In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's or Master's degree in Business, Finance, Accounting, or a related quantitative field
  • 8+ years of experience in financial services or banking
  • Strong familiarity with credit products
  • Knowledge of CECL credit loss accounting standards
  • Familiarity with the CCAR regulatory framework and stress testing requirements
  • Demonstrated collaboration skills across diverse teams
  • Strong oral and written communication skills for conveying complex topics
  • Proficiency in Microsoft Excel, PowerPoint, and analytical tools like Tableau or Python

Responsibilities

  • Oversee C&I portfolio exposure, estimating impacts for allowance and limits
  • Review allowance and stress testing results for accuracy and alignment
  • Assess qualitative loan loss reserves incorporating various factors
  • Calculate and communicate key modeling parameters for actionable loss estimates
  • Develop expertise in CECL and CCAR estimation processes
  • Lead portfolio analyses and stress tests across macroeconomic scenarios
  • Support monthly stress testing output monitoring to coordinate with Credit Officers
  • Provide stress estimates and run ad-hoc scenarios for senior management

Benefits

  • Opportunity to lead a high-impact team in loan loss forecasting
  • Collaboration with senior executives and multiple departments
  • Engagement in cutting-edge regulatory frameworks like CECL and CCAR
  • Exposure to diverse credit products and strategic decision-making
  • Access to advanced data analysis tools and methodologies
Full Job Description
JOB DESCRIPTION

As an Executive Director in the Loan Loss Forecasting team, you will lead the Commercial and Industrial (C&I) Portfolio team based in Plano and shape the integrity and quality of the firm’s wholesale credit loan loss estimates. You provide portfolio-level monitoring and guidance across a diverse C&I exposure base, supporting stress testing, allowance estimation, and methodology development. You collaborate with senior executives and partners across Risk, Finance, Treasury, Controllers, and Quantitative Research to deliver high-quality analytics and insights. You help us inform firmwide risk and finance programs, including CECL (Current Expected Credit Loss), IFRS 9 (International Financial Reporting Standard 9), quarterly stress testing, and CCAR (Comprehensive Capital Analysis and Review).

Job responsibilities:

  • Oversee C&I exposure at a portfolio level across held-for-investment (HFI) and fair value option (FVO), monitoring trends and estimating impacts to allowance and limits for large deals
  • Review top-level and loan-level allowance and stress testing results for reasonability, accuracy, and alignment with portfolio trends
  • Assess risks and support estimation of qualitative loan loss reserves, incorporating management judgment, industry data, and emerging or idiosyncratic risk factors
  • Calculate, analyze, and communicate key modeling parameters, including probability of default, loss given default, exposure at default, and rating migration, and translate them into actionable loss estimates
  • Develop and deepen expertise in allowance and stress testing estimation processes, informing methodology across CECLand CCAR forecasting exercises
  • Lead portfolio trend and sensitivity analyses across macroeconomic scenarios, portfolio stress tests, and assumption changes to support strategic decision-making
  • Support monitoring of monthly stress testing output across scenarios and coordinate limit usage reviews with Credit Officers
  • Provide stress estimates for large and complex deals and run ad-hoc scenarios for senior management based on market conditions

Required qualifications, capabilities, and skills:

  • Bachelors or Masters degree in Business, Finance, Accounting, or a related quantitative field
  • 8 years plus of experience in the financial services industry, and/or in the banking sector
  • Strong familiarity with credit products
  • Knowledge of CECL credit loss accounting standards
  • Knowledge of the CCAR regulatory framework and stress testing requirements
  • Demonstrated ability to collaborate across diverse groups, build consensus, and execute plans while managing multiple concurrent workstreams
  • Strong oral and written communication skills, including distilling complex topics into clear messaging for senior management
  • Proficiency in Microsoft Excel, PowerPoint, and other Office applications
  • Experience with data analysis and manipulation using analytical tools such as Tableau, Python, or Alteryx, including use of large language models

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.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

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.

Preparing Your Job Application

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
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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