The Legal Entity Loss Forecasting team provides solutions to legal entities, including capital and stress loss assessment to assist Internal Capital Assessment Adequacy Process (ICAAP), regulatory prescribed exercise, climate stress testing. The team recently expanded its scope to lead IFRS 9 production.

As an Associate within our Legal Entity Loss Forecasting team, you will participate in IFRS 9 and ICAAP production of numerous Legal Entities. You will be embedded in a global team and interact with various stakeholders. As an Associate, you will be responsible for understanding specific regulatory requirements and guaranteeing adequate application and consistency of methodologies. 

Job responsibilities

Participate in the production of IFRS 9 for JPMC’s legal entities in EMEA, APAC and LATAM regionsParticipate in the building/enhancement of loss forecasting frameworksLeverage the firm’s infrastructure to perform quantitative analysis on the legal entities portfolioSupport the production of regulatory stress testing exercises, risk appetite and credit limit exercises as well as ad-hoc portfolio analytics asksCollect data from various sources, synthetize the information, perform analysis, and interpret results in order to assist in making recommendations which impact legal entitiesPrepare and present reports on risk analytics to technical and non-technical audiences as well as Senior Management audiencesGet familiar with the various regulatory requirements governing our legal entity strategy and determine how to optimize our approach to stress testingDevelop knowledge about the various stress testing platforms including ICAAP, IFRS9Exploit your critical thinking and problem solving skills daily to drive resultsPartner closely with Legal Entity Credit Risk, Finance, Quantitative Research and Technology, centrally and within legal entities, to assist in the understanding and enhancement of existing wholesale loan stress models

Required qualifications, capabilities and skills

Fluency in English is a must Bachelor’s degree in Economics, Finance, Math/Statistics or other STEM majorsGood understanding of bank stress testing, traditional credit products and credit risk managementProficient in analyzing large data sets using Tableau and ExcelAnalytical mindset and strong problem-solving abilities, capability to learn new knowledges and apply to work in short timeFirst experience in IFRS 9 modellingExcellent communication skills, verbal as well as written

Preferred qualifications, capabilities and skills

MBA/Master’s degree in STEM or finance, FRM or CFAExperience in Python, SQL or R