Wholesale Credit Risk, Loan Loss Forecasting – Associate

J.P. Morgan; London; On-site; GBP 65,000 - 95,000; Full time

Job summary

Join J.P. Morgan as an Associate in the Wholesale Credit Loss Forecasting team, where you will play a crucial role in integrating climate and nature risks into financial frameworks. This opportunity offers you a chance to develop expertise across various risk areas, engage with senior leadership, and drive impactful solutions in a leading financial institution.

Qualifications

• Solid understanding of financial risk management and capital regulatory requirements.
• Experience managing projects end-to-end with cross-functional teams.
• Quick learner with the ability to apply new knowledge efficiently.

Responsibilities

• Lead integration of climate and nature risk into loss forecasting frameworks.
• Present findings to senior management and regulators.
• Develop loss forecasting frameworks for global legal entities.

Skills

Risk management

Statistical modeling

Data processing

Critical thinking

Project management

Communication

Education

Bachelor’s degree in Economics, Finance, Math/Statistics, or other STEM fields

Tools

Tableau

Python

SQL

Job description

Step into a pivotal role at JPMorgan Chase, where your expertise in risk management will be at the forefront of our global operations. As part of the Wholesale Credit Loss Forecasting team, you'll gain unparalleled exposure to our diverse operations and develop expertise across multiple risk areas. Be part of a dynamic team that values your growth and success, and contribute to keeping JPMorgan Chase strong and resilient. This is your opportunity to make a significant impact in a leading financial institution.

As an Associate in the Wholesale Credit Loss Forecasting team, you are at the center of keeping JPMorgan Chase strong and resilient. You will help the firm grow its business responsibly by anticipating new and emerging risks and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

Job Responsibilities:
• Lead the integration of climate and nature risk into the current loss forecasting frameworks.
• Align the global legal entity's climate and nature risk agenda with the firm's strategic roadmap.
• Act as the main point of contact for the climate and nature risk agenda, collaborating with cross-functional stakeholders to deliver solutions.
• Participate in the development of loss forecasting frameworks for JPMC’s global legal entities.
• Support the production of ICAAP, Risk Appetite exercises, and ad-hoc loss assessment requests.
• Develop knowledge of implementing climate and nature risk within credit portfolios and various loss forecasting frameworks.
• Utilize critical thinking and problem-solving skills, leveraging LLM to transform and modernize daily work.
• Frequently present to senior management and regulators.

Required Qualifications, Capabilities, and Skills:
• Risk management or statistical modeling in major financial institutions.
• Solid understanding of financial risk management and capital regulatory requirements.
• Proficient in processing complex data sets; experience with Tableau, Python, or SQL
• Creative and strategic mindset to develop solutions that align with long-term goals.
• Strong control sense and ability to anticipate future challenges.
• Experience managing projects end-to-end, coordinating with cross-functional stakeholders.
• Quick learner with the ability to effectively apply new knowledge in a short time.
• Excellent verbal and written communication skills.
• Bachelor’s degree in Economics, Finance, Math/Statistics, or other STEM fields.

Preferred Qualifications, Capabilities, and Skills:
• Experience in credit or climate risk management is a plus.
• MBA/Master’s degree in STEM or finance, FRM, or CFA is a plus.