As a Wholesale Credit Risk Loan Loss Forecasting Associate in the Commercial & Investment Bank Risk organization, you will play a critical role in shaping the integrity and quality of the firm's wholesale credit loan loss estimates, spanning over $1 trillion in client exposure across diverse lines of business and industry segments. You will collaborate with senior executives and partners across Risk, Finance, and the broader firm to deliver high-quality analytics and methodology insights, and to modernize how those insights are produced, applying advanced analytics and bringing a resourceful, tool-agnostic mindset to a process that directly informs quarterly allowance and stress testing exercises. You will be part of a diverse, talented, and global team where your ideas are welcomed, your voice matters, and your work has direct, measurable impact on firmwide risk and finance programs.
Job 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 CECL allowance estimation methodology, with working knowledge of CCAR stress testing to ensure consistency of assumptions and results across both exercises
- Perform portfolio trend and sensitivity analyses across macroeconomic scenarios, portfolio stress tests, and assumption changes, building reusable, query-driven analytics 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
Required qualifications, capabilities, and skills
- Bachelor's degree in Business, Finance, Accounting, Economics, Statistics, Engineering, or a related quantitative discipline
- 3+ years of experience in credit risk, loan loss forecasting, financial analysis, or a quantitative function within financial services
- Familiarity with Commercial and Industrial and Commercial Real Estate loans and lending-related commitments
- Working knowledge of CECL credit loss accounting standards, with familiarity with the CCAR regulatory framework and stress testing requirements
- Proficiency in SQL and Python for data extraction, transformation, and analysis of large datasets across Risk, Finance, or related functions
- Experience with modern data and analytics platforms such as Alteryx, Databricks, ThoughtSpot, or VSCode
- Hands-on experience with Tableau Desktop
- Proficiency in Microsoft Excel, PowerPoint, and other Office applications
- 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
Preferred qualifications, capabilities, and skills
- Advanced degree (e.g., MBA, Master's in Finance, Economics, or a quantitative discipline) or professional certification such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM)
- Hands-on experience with quantitative credit risk modeling or model validation within a wholesale lending environment
- Experience applying AI/LLM tooling within a regulated or control-focused environment
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
Skills Required
- Bachelor's degree in Business, Finance, Accounting, Economics, Statistics, Engineering, or a related quantitative discipline
- 3+ years of experience in credit risk, loan loss forecasting, financial analysis, or a quantitative financial services function
- Familiarity with Commercial and Industrial and Commercial Real Estate loans and lending-related commitments
- Working knowledge of CECL credit loss accounting standards and familiarity with the CCAR regulatory framework and stress testing requirements
- Proficiency in SQL and Python for large-dataset extraction, transformation, and analysis
- Experience with modern data and analytics platforms such as Alteryx, Databricks, ThoughtSpot, or VSCode
- Hands-on experience with Tableau Desktop
- Proficiency in Microsoft Excel, PowerPoint, and other Office applications
- Ability to collaborate across diverse groups, build consensus, execute plans, and manage multiple concurrent workstreams
- Strong oral and written communication skills for presenting complex topics to senior management
- Advanced degree or professional certification such as CFA or FRM
- Experience with quantitative credit risk modeling or model validation in a wholesale lending environment
- Experience applying AI or LLM tooling in a regulated or control-focused environment
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
-
Healthcare Strength — Health coverage is considered comprehensive, including medical, dental, and vision, alongside wellness and mental health resources. Some locations add onsite health centers and related wellbeing support.
-
Retirement Support — Retirement offerings include a 401(k)-type savings plan and related financial benefits, with options such as employee stock purchase participation. Financial planning resources are also highlighted to support long-term savings.
-
Parental & Family Support — Paid parental leave of 16 weeks for birth or adoption is available for all parents. Child care and back-up child care resources further reinforce family support.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
Gallery
