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Corporate - Wholesale Credit Analytics & Solutions - Risk Analytics - Associate

Req #: 170080958
Location: Jersey City, NJ, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries.  The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
 
The Wholesale Credit Analytics and Solutions team (WCAS) provides excellent exposure to any candidate interested in Credit Risk: CCAR, DFAST, ICAAP, Basel RWA, and Economic Capital. The group is responsible for implementing key credit risk practices across Wholesale businesses, and ensuring consistency in methodologies within Wholesale Credit Risk. The team works across CIB, CB and AM, and is closely aligned with firm-wide partners including Credit Risk Management, Model Risk & Development, Finance, the Regulatory Capital Management Office, Technology and Reporting. We seek a candidate with strong skills in credit risk, quantitative finance, credit modeling and analytics, problem-solving, and communication.
 
WCAS’ areas of responsibility include Traditional Credit Product stress testing (CCAR/DFAST/ICAAP) and Basel RWA, developing the firm's authoritative wholesale credit risk parameter data set, reserve/allowance management, development and implementation of an economic credit capital model, the design and integration of credit and capital limits, risk grading methodology, and the provision of strategic advice and solutions to the originating businesses.
 
Responsibilities
 
Perform data collection, extraction, and advanced data mining techniques to research, compile, and prepare historical data for use in developing models and analytical frameworks. Analyze and interpret data quality utilizing Excel, R, SAS and other tools to conduct comprehensive data quality analysis to support the development of complicated statistical model development and portfolio analyses.  Identify situations where data is insufficient, and help develop creative work-arounds or other means to synthesize reliable data sources to support analytic function. Designing, developing, documenting, and preparing data for statistical models and segmentation for the bank's Wholesale (commercial real estate and commercial/industrial) businesses. Provide and present findings, model results, insights and recommendations to senior management and partners through MS Office (i.e., PowerPoint, Word, and Excel).
Education: Master's degree in Statistics, Econometrics, Quantitative Finance, Operations Research, or equivalent quantitative field.
 
Experience: 0-3 years’ experience
 
Special skills:
  • Education or experience must include:
    1. Programming knowledge in R and/or SAS and P/L SQL;
    2. Experience with Oracle and/or Microsoft SQL Server;
    3. Understanding of dataset aggregation and staging for reporting or modeling;
    4. Strong knowledge of Microsoft Excel and utilizing pivot tables in Excel to demonstrate business insight and conduct advanced analytics (experience with Tableau is a plus);
    5. Graduate level analytical and problem solving skills with the ability to interpret complicated and large amounts of data with business insights to support business growth;
    6. Solid report-writing skills.
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