Risk Management - Risk Controllers - Wholesale Credit and Allowance Reporting and Analysis Lead - Vice President
JPMorgan Chase
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.
As a Vice President in the Risk Management - Risk Controllers - Wholesale Credit and Allowance Reporting and Analysis team, you will ensure the integrity and validity of risk data disclosed in the firm's external financial reporting. This includes quarterly earnings presentations, 10Q/K, and stand-alone legal entity financial statements. You will also oversee the wholesale allowance for credit losses governance and framework, including the reconciliation and substantiation of allowance results.
Your role will involve delivering insightful, high-quality analytics to senior stakeholders across Risk Management & Compliance and the Office of the Chief Financial Officer to facilitate informed decision-making. You will manage the external reporting of wholesale allowance for credit losses, create executive content, handle internal management reporting, understand the economic environment, assess emerging risks, and manage the wholesale allowance governance process.
**Job responsibilities:**
+ Manage external financial reporting and internal management reporting of allowance for credit losses calculated under Current Expected Credit Losses across the Commercial & Investment Bank, Asset & Wealth Management and wholesale businesses within Consumer & Community Banking.
+ Manage wholesale credit data and analytics to support the Firm's quarterly earnings process, senior manager investor meetings, and risk committee presentations, providing critical insights for decision-making.
+ Understand the current economic environment and identify economic indicators to assess emerging risks for the firm and the associated impact on allowance
+ Perform sensitivity analysis on key inputs to the firm's allowance to inform decision making by senior management
+ Develop executive level presentations that effectively tells the allowance story for the quarter and emerging risk considerations
+ Maintain a strong governance framework for the firmwide allowance process, aligned with expectations from auditors and regulators
+ Create and maintain documentation and controls of all wholesale allowance deliverables to ensure processes are executed in a controlled manner and decisions are well documented
+ Identify areas of improvement and apply best practices in the wholesale allowance process and governance framework
+ Act as trusted advisor and partner to stakeholders across the firm, including investor relations, SEC reporting, loss forecasting, controllers, lines of business, economic scenarios, internal audit, control management, and colleagues within Risk Management & Compliance
**Required qualifications, capabilities, and skills:**
+ Strong leadership skills and managerial experience; add to culture of inclusion
+ Excellent presentation skills, including the ability to create executive level content
+ Effective writing skills with the ability to cater the message to senior level audiences, proficient with writing procedures and documentation
+ Responsible and takes accountability for deliverables, works well under pressure while maintaining great attention to detail and a controls mindset
+ Curious and innovative mindset, with the courage to ask questions and challenge the status quo
+ Strong organizational and project management skills, ability to manage multiple competing priorities and work under tight deadlines
+ Ability to work independently and proactively solve problems; strong interpersonal skills and comfortable working with all levels
**Preferred qualifications, capabilities, and skills:**
+ Background in financial reporting, planning and analysis, forecasting, product control, variance analysis, governance, or audit
+ Experience with allowance for credit losses or credit risk reporting
+ Knowledge of fundamental principles of finance, accounting or credit models
+ Experience with operating model execution and documentation
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
**Base Pay/Salary**
Brooklyn,NY $128,250.00 - $200,000.00 / year
Confirm your E-mail: Send Email
All Jobs from JPMorgan Chase