Wholesale Credit Risk: Stress Testing & Loss Forecasts

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

Job summary

JPMorgan Chase in New York seeks a Wholesale Credit Risk Loan Loss Forecasting Associate to influence the integrity and quality of wholesale credit loan loss estimates across a trillion-dollar client exposure. You will collaborate with senior leaders in Risk, Finance, and across the firm to deliver high-quality analytics and methodology insights for quarterly allowance and stress testing exercises.

The role requires deep knowledge of CECL and CCAR, strong communication skills for presenting to

Qualifications

• Bachelor's degree in Business, Finance, Accounting, or a related field.
• 3+ years of experience within the financial services industry
• Familiarity with Commercial and Industrial and Commercial Real Estate loans and lending-related commitments
• 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 on agreed plans while managing multiple concurrent workstreams in a fast-paced environment
• Strong oral and written communication skills, including the ability to distill complex topics into clear, concise messaging for senior management
• Proficiency in Microsoft Excel, PowerPoint, and other Office applications

Responsibilities

• 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 these into actionable loss estimates
• Develop and continuously deepen expertise in allowance and stress testing estimation processes, informing methodology across CECL and CCAR forecasting exercises
• Take part in portfolio trend and sensitivity analyses across macroeconomic scenarios, portfolio stress tests, and assumption changes to support strategic decision-making
• Prepare and present materials to senior management and firmwide stakeholders, tailoring messaging and level of detail to diverse audiences
• Collaborate across lines of business and with partners in Corporate Finance, External Reporting, Quantitative Research, Model Risk, and Technology to drive consensus and execute on shared objectives

Skills

Credit risk modeling

CECL/ CCAR

Financial analysis

Cross-functional collaboration

Education

Bachelor's degree in Business/Finance/Accounting

Tools

Excel

PowerPoint

Job description

JPMorgan Chase in New York seeks a Wholesale Credit Risk Loan Loss Forecasting Associate to influence the integrity and quality of wholesale credit loan loss estimates across a trillion-dollar client exposure. You will collaborate with senior leaders in Risk, Finance, and across the firm to deliver high-quality analytics and methodology insights for quarterly allowance and stress testing exercises.

The role requires deep knowledge of CECL and CCAR, strong communication skills for presenting to