Join J.P. Morgan’s Commercial & Investment Bank as a VP in Finance & Business Management, where you will lead the Credit Costs/Stress Testing Controllers team. This role offers a unique opportunity to become a subject matter expert on credit costs and stress testing, working with diverse stakeholders across the globe. You will play a pivotal role in analyzing and reporting credit costs under US GAAP CECL and IFRS 9 frameworks, as well as CCAR and Risk appetite results. This is a high-impact position that requires strategic thinking and collaboration with various teams within the bank.
As a Vice President within the Credit Costs/Stress Testing Controllers team, you will be responsible for the review and reporting of Credit Costs across both the US GAAP CECL and IFRS 9 frameworks. You will analyze and report the annual CCAR and quarterly Risk appetite results across the entire Commercial & Investment Bank loans and commitments portfolio. This role involves close collaboration with Wholesale Credit Risk Controllers, Special Credits, Accounting Policy, Central Planning & Analysis, Legal Entity Controllers, and various lines of business controllers across the CIB.
Job Responsibilities:
Validate model projections, focusing on Credit Costs, Risk Weighted Assets, and Fair Value projections.Prepare CCAR and Risk Appetite submissions.Perform UAT on new models and quantitative frameworks.Automate stress results reporting in collaboration with the technology team.Establish control checks for accurate and complete submission templates.Participate in internal audits and regulatory reviews.Support ad-hoc requests and assist other team functions as needed.Propose enhancements to outputs and models.Validate CECL results and coordinate ledger booking with Financial Controllers.Validate IFRS 9 model outputs and liaise with Legal Entity Controllers.Review and sign off on launch point data and profiling of critical model attributes.Required Qualifications, Capabilities, and Skills:
BA / BS degree required with 5+ years of experience in finance, particularly with knowledge of lending products and capital.Strong analytic mindset and creative problem-solving skills.Self-starter and team player.Excellent written and verbal communication skills.Strong Excel skills and database knowledge.Ability to analyze large volumes of data.Ability to review processes and automate them for efficiency.This position is not eligible for sponsorship