Firmwide Allowance Controller - Vice President

JPMorgan Chase & Co.; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

JPMorgan Chase & Co. in New York seeks an experienced finance professional to join Risk Management & Compliance, focusing on credit loss allowances and CECL compliance.

You will consolidate costs, produce executive-level materials, and collaborate with FESA and various Lines of Business to strengthen governance and reporting accuracy. The role demands strong analytical skills, communication to senior audiences, and a proactive, independent work style to drive improvements across the firmwide

Qualifications

• 6+ years of experience in Finance, Accounting, or related fields.
• Strong analytical and problem-solving skills with attention to detail.
• Experience with CECL accounting standard for credit losses.
• Excellent written and verbal communication for senior audiences.
• Ability to work under pressure with high-quality deliverables.
• Strong organizational and project management skills.

Responsibilities

• Support consolidation of allowance and credit costs across Consumer and Wholesale lines and contribute to executive-level presentations.
• Create and maintain documentation and controls for firmwide allowance deliverables.
• Write commentary explaining drivers for internal management reports, including credit costs outlook.
• Collaborate with FESA to understand scenario narratives and macroeconomic forecasts.
• Support delivery of Firmwide Credit Cost budget and forecast, including net charge-offs.
• Consolidate and analyze financial results to provide actionable insights to the Risk CFO.
• Contribute to CECL scenario weights assessment and governance framework alignment with auditors and regulators.
• Identify areas for improvement and apply best practices in the firmwide allowance process and governance framework.
• Act as trusted advisor to stakeholders across the firm including Investor Relations, SEC Reporting, Loss Forecasting, Controllers, Firmwide Economic Scenarios & Analytics (FESA), Lines of Business, and colleagues within Risk Management & Compliance.

Skills

CECL knowledge

Analytical skills

Communication skills

Project management

Problem solving

Financial reporting

Job description

Job Summary

Bring your expertise to JPMorgan Chase. As part of Risk Management & Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way 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 & Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

Job Responsibilities

• Support the consolidation of allowance and credit costs across Consumer and Wholesale lines of business and contribute to executive-level presentations that effectively communicate the allowance story.
• Create and maintain documentation and controls for all firmwide allowance deliverables so processes are executed in a controlled manner, and decisions are well-documented.
• Write commentary explaining drivers for internal management reports, including credit costs outlook for the Executive Management Report and producing Peer Institution comparisons.
• Collaborate closely with the Firmwide Economic Scenarios & Analytics (FESA) team to understand scenario narratives and macroeconomic forecasts.
• Collaborate with Line of Business and Firmwide P&A teams to support the delivery of the Firmwide Credit Cost budget and forecast, including net charge-offs and changes in allowance.
• Consolidate and analyze financial results to provide actionable insights to the Risk CFO.
• Support the preparation of the CECL scenario weights assessment and contribute to the governance framework for firmwide allowance processes, driving alignment with auditor and regulator expectations.
• Identify areas for improvement and apply best practices in the firmwide allowance process and governance framework.
• Act as a trusted advisor and partner to stakeholders across the firm, including Investor Relations, SEC Reporting, Loss Forecasting, Controllers, Firmwide Economic Scenarios & Analytics (FESA), Lines of Business, and colleagues within Risk Management & Compliance.

Required Qualifications, Capabilities, and Skills

• 6+ years of experience in Finance, Accounting, Financial reporting, or related fields.
• Strong analytical and problem-solving skills, with attention to detail and a controls mindset.
• Experience with allowance for credit losses under the CECL accounting standard.
• Excellent communication skills, both written and verbal, with the ability to cater messages to senior-level audiences.
• Ability to work under pressure while maintaining high-quality deliverables.
• Strong organizational and project management skills, ability to manage multiple competing priorities and work under tight deadlines.
• Works independently and proactively solves problems, leveraging strong interpersonal skills and effective collaboration across all levels.

Preferred Qualifications, Capabilities, and Skills

• Background in financial reporting, planning and analysis, forecasting, product control, variance analysis, governance, or audit.
• Interest in, and understanding of, the macroeconomic environment and emerging risks that could impact credit losses.