J.P. Morgan is a leading global financial services firm, established over 200 years ago:
o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
Job Description: Financial Analysis - Estimations Design & Analysis –
Associate (Estimation Development)
The Financial Analysis group is comprised of 4 teams responsible for partnering across the firm to provide financial and strategic analysis, central oversight and coordination of firmwide forecasting, macroeconomic scenario design and distribution, and strategic programs including the Firmwide Forecasting Framework (F3).
The Estimations Design & Analysis (EDA) team partners with LOB and Corporate teams to support them through the lifecycle of estimation identification and development to expected standards, requirements definition for automation, and integration with our centralized, end-to-end, multi-purpose firmwide forecasting platform (F3)
The Corporate Finance Analytics (CFA) team is responsible for partnering across the firm to provide financial and strategic analysis related to business performance, regulatory reform, capital generation and investment/distribution
The Firmwide Planning & Analysis (FP&A) team is primarily responsible for leading and coordinating the firmwide budgeting and forecasting process, including the short- and long-term projection of earnings, balance sheet and capital over varying economic scenarios
The Economic Scenario Management team centrally coordinates and develops the end-to-end design, review and distribution of macroeconomic scenarios used in the firm’s forecasting processes
Estimations Design & Analysis (EDA) sits within the CFO organization and is responsible for, in partnership with Line of Businesses and Corporate teams, analyzing the underlying methodology of estimations in the firm and ensuring that they are in accordance with policy guidelines, and supporting the end-to-end life-cycle of estimation method design, build and integration with F3.
In this role, the person will work with LOB clients to enhance estimation method design by improving model estimation approaches being used and/or by developing more advanced non-model estimation approaches. The person will analyze existing estimation documentation, gain access to estimation input data and assumptions, and experiment to create better statistical models or non-model approaches. The person will also be responsible for also creating documentation supporting any newly created approaches and also for preparing for independent reviews. This position provides a rare opportunity for motivated candidates to learn about forecasting methodologies across various LOBs and products across the firm and participate in and understand the end-to-end process from estimation design to implementation.
The position involves interaction with many teams across the firm including LOBs and Corporate finance functions, model development, and technology & operations. The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success
Degree in a Finance, Economics, Statistics, Engineering or related field; advanced degree a plus; FRM, CFA, CPA certification a plus.
3 to 5 years work experience in statistical modeling, quantitative research, financial analysis, risk management, or related field
General understanding of a banking organization hierarchy and structure
Knowledge of financial products/markets and regulatory requirements a plus
Strong analytical and problem solving skills
Attention to detail
Experience partnering with technology and business to drive strategic projects
Candidate must be a self starter who is able to work in a fast paced, results driven environment
Good organizational, written and communication skills