1+ months

Corporate - Wholesale Credit Analytics & Solutions (WCAS) – Allowance - Analyst

Plano, TX 75074
  • Job Code
    190046240

Corporate - Wholesale Credit Analytics & Solutions (WCAS) – Allowance - Analyst

Req #: 190046240
Location: Plano, TX, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 3000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

The Wholesale Allowance team is a part of the Wholesale Credit Analytics & Solutions (WCAS) group, which sits at the intersection of Credit Risk and Finance with responsibility for implementing key credit risk practices across the wholesale lines of business (LOB). The Wholesale Allowance team is responsible for defining the allowance methodology, calculating, analyzing, and validating the wholesale portfolio allowance for held-for-investment loans and lending-related commitments.

 

The Wholesale Allowance team is looking for a strong candidate that will support the implementation of the new Current Expected Credit Loss (CECL) allowance process as well as the International Financial Reporting Standards 9 (IFRS 9) allowance process that recently went live in January 2018. The candidate will collaborate closely with various key stakeholders throughout the Firm, including Credit Risk Management, Finance, Corporate Accounting Policies, Project Management, and Technology, as well as colleagues within the WCAS team.

 

Key Responsibilities:

  • Support implementation of CECL through extensive user testing, requiring detailed understanding of the business requirements and ability to explain findings

  • Analyze and understand the wholesale portfolio and allowance results, including key drivers of allowance to explain results

  • Execute on the business operating model, with a good understanding of the end-to-end process, timeline, and key parties involved

  • Partner with technology to develop or enhance reporting and analytics tools by providing business requirements

  • Develop SOX controls for CECL in compliance with requirements, incorporating insight from auditors

  • Prepare presentations for senior management and other key stakeholders

  • Create and maintain comprehensive documentation and standard operating procedures related to the allowance process

  • Act as subject matter expert on allowance and serve as key point of contact for internal and external stakeholders




  • 1-3 years of relevant experience, preferably with business process implementation and data analysis

  • Proven track record of delivering high quality results within tight deadlines; ability to manage multiple priorities

  • Strong analytical, problem solving, and process re-engineering skills

  • Investigative mindset, able to see issues at both a high level and in detail

  • Excellent verbal and written communication skills, experience with creating documentation

  • Energetic self-starter who takes ownership

  • Strong team player, comfortable working with all levels of the organization

  • Strong technical skills in using Excel and PowerPoint; familiarity with Python, Tableau, and Alteryx is a plus

  • Interest and ability to work in a fast-paced and dynamic environment




Keyword: consumer%20banking

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Posted: 2019-07-01 Expires: 2019-09-14

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world.

Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries.

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Corporate - Wholesale Credit Analytics & Solutions (WCAS) – Allowance - Analyst

JPMorgan Chase & Co.
Plano, TX 75074

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