Economic Scenarios - Associate

JP Morgan Chase; New York (NY); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Base salary + incentives

Health benefits

Retirement plan

On-site wellness

Job summary

JPMorgan Chase & Co. is seeking an Associate in Firmwide Economic Scenarios to design macroeconomic scenarios and produce forecasts supporting planning, stress testing, and credit loss estimation.

You will own housing/real estate forecasts and collaborate across Economics, Risk, Finance, and Strategy Research teams. This role emphasizes using automation and generative AI to scale analyses, improve workflows, and strengthen controls, with a focus on clear storytelling for senior stakeholders and

Qualifications

• Master’s degree in Economics, Econometrics, Quantitative Finance, Real Estate Finance, or related field.
• Experience in economic forecasting within a financial institution or similar.
• Knowledge of housing/real estate economics and mortgage markets.
• Proficiency in Excel for analysis and forecasting.
• Programming experience in Python or R for data analysis.
• Experience using generative AI tools to improve analysis.
• Strong written and verbal communication for senior stakeholders.
• Attention to detail and output quality.
• Ability to multitask in a fast-paced environment.

Responsibilities

• Produce macroeconomic forecasts for scenario variables with cross-team partners.
• Lead housing and real estate forecasts across key variables.
• Monitor data releases and synthesize implications for forecasts.
• Draft concise commentary for stakeholders explaining drivers and risks.
• Conduct ad hoc economic research addressing questions.
• Collaborate with model developers to improve forecasting methodologies.
• Streamline workflows and strengthen controls and consistency.
• Apply AI and automation to improve efficiency.
• Prepare executive presentations for senior management.
• Manage multiple workstreams and deadlines.

Skills

Macroeconomic forecasting

Excel

Python/R

Communication

Multitasking

Education

Master’s degree in Economics or related field

Tools

Python

R

Job description

Help shape how a global financial firm plans for the future. In this role, you will translate economic data and market developments into scenarios that inform high-impact decisions across the firm. You will combine rigorous analysis with clear storytelling for senior stakeholders. You will also help us modernize how we work by using automation and generative artificial intelligence to make forecasting more scalable and controlled.

As an Associate in Firmwide Economic Scenarios within the Office of the Chief Financial Officer, you will help design macroeconomic scenarios and produce forecasts that support planning, stress testing, and credit loss estimation across JPMorganChase. You will take meaningful ownership of housing and real estate variables, bringing strong economic intuition and disciplined analytical methods to each scenario. You will work closely with partners across Economics and Strategy Research, Risk, Finance, and other corporate functions to ensure our scenarios are well-grounded, consistent, and clearly communicated. You will also help us strengthen our forecasting process by improving tools, documentation, and automation so our work is faster, more robust, and more scalable.

Job responsibilities

• Produce macroeconomic forecasts for scenario variables in partnership with Economics and Strategy Research, Risk, and Finance teams
• Lead housing and real estate forecasts across key variables
• Monitor economic and market data releases and synthesize implications for forecasts and scenario design
• Draft clear, concise commentary that explains drivers, risks, and key forecast changes for stakeholders
• Conduct ad hoc economic research and analysis to address stakeholder questions and emerging topics
• Partner with quantitative model development teams to build and enhance forecasting methodologies, including housing and real estate models
• Execute process improvements by streamlining manual workflows and strengthening controls and consistency
• Apply generative artificial intelligence and automation approaches to improve efficiency, scalability, and repeatability of analyses
• Prepare executive-level presentations and materials for senior management and internal partners
• Manage multiple workstreams and time-sensitive requests while delivering accurate outputs on agreed timelines

Required qualifications, capabilities, and skills

• Master’s degree in Economics, Econometrics, Quantitative Finance, Real Estate Finance, or a related field
• Experience in economic research, forecasting, or analytics within a financial institution, central bank, consultancy, or similar environment
• Working knowledge of housing and real estate economics, including price drivers, mortgage markets, and links to credit conditions and the broader economy
• Proficiency in Microsoft Excel for analysis, forecasting support, and presentation-ready outputs
• Programming experience in Python or R for data analysis, automation, or model support
• Experience using generative artificial intelligence tools to improve analysis, productivity, or workflow efficiency
• Strong written and verbal communication skills, including the ability to explain complex results to senior audiences
• High attention to detail, with a consistent focus on accuracy, clarity, and well-controlled outputs
• Ability to prioritize and multitask effectively in a fast-paced environment with changing priorities

Preferred qualifications, capabilities and skills

• Experience supporting regulatory stress testing and capital planning scenario design, and/or current expected credit loss scenario design
• Experience forecasting or analyzing macroeconomic and financial variables using econometric or statistical methods
• Hands-on experience building automated workflows or artificial-intelligence-enabled tools (for example, data pipelines or large language model solutions)

Additional Information

To be eligible for this role, you must be authorized to work in the United States. We do not offer any type of employment-based immigration sponsorship for this role. Likewise, JPMorgan Chase & Co. will not provide any assistance or sign any documentation in support of any other form of immigration sponsorship or benefit, including optional practical training (OPT) or curricular practical training (CPT).

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

Shape economic scenarios and forecasts that guide firmwide planning and risk decisions.