VP, Firmwide Credit Cost & CECL Controller

Next Frontier Capital; New York (NY); On-site; USD 180,000 - 260,000; Full time

Job summary

JPMorgan Chase is seeking a Vice President in Risk Management – Risk Controllers – Firmwide Allowance to ensure accurate reporting of the firmwide allowance for credit losses (ACL) under CECL, consolidating results across Consumer and Wholesale lines, and guiding governance.

You will collaborate with senior leaders, prepare CECL scenario weights, and contribute to strategic decision-making and financial governance.

Qualifications

• 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.

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.

Job description

JPMorgan Chase is seeking a Vice President in Risk Management – Risk Controllers – Firmwide Allowance to ensure accurate reporting of the firmwide allowance for credit losses (ACL) under CECL, consolidating results across Consumer and Wholesale lines, and guiding governance.

You will collaborate with senior leaders, prepare CECL scenario weights, and contribute to strategic decision-making and financial governance.