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Corporate - Wholesale Credit Analytics & Solutions - Associate/ Analyst

Job Description

J.P. Morgan is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. Information about J.P. Morgan is available at http://www.jpmorganchase.com/.

 

The Wholesale Credit Analytics and Solutions team (WCAS) is responsible for implementing key credit risk practices across Wholesale businesses, and ensuring consistency in methodologies within Wholesale Credit Risk. WCAS’ areas of responsibility include Traditional Credit Product stress testing, developing the firm's authoritative wholesale credit risk parameter data set, reserve/allowance management, development and implementation of an economic credit capital model, the construction and integration of credit and capital limits, risk grading methodology, and the provision of strategic advice and solutions to the originating businesses. 

 

This new Analyst / Associate position will mainly work with JPM’s Strategic Risk Grading Tool (SRGT) and the Financial Based Indicator and Expert Judgment-based templates.

 

Responsibilities:

1.          Internal Ratings Application:  Analysis, Implementation, Investigation, Maintenance

2.          Coordinate updates to Strategic Risk Grade Tool (SRGT) across wholesale LOBs and Risk Technology

3.          Extend and update underlying historic financial data and re-test the statistical relevance of the FBI templates’ original coefficients

4.          Working with LOBs and industry groups, analyze and implement new FBI Templates

5.          Statistically recalibrate FBI templates’ coefficient weightings annually

6.          Maintain Credit’s LGD Trees and coordinate mapping to Regulatory LGDs with RCMO

7.          Modify and execute R scripts to evaluate expanded, revised data, produce revised coefficients

8.          Create SQL queries to fulfill ad-hoc SRGT Data requests for MRaD and other LOB users

9.          Create and maintain documentation

The specific experience needed is:

  • BS or BA required, MS/MA preferable. Concentration in Finance, Economics or Mathematics a plus
  • Must have advanced analytical and data manipulation skills (Oracle, Access, Excel, SQL) as well as statistical programming language skills (e.g., R, Python)
  • Familiarity with products and structures that create credit risk (loans, letters of credit, derivatives, securities etc.) as well as knowledge of credit risk regulations.
  • Has prior experience or knowledge with credit risk ratings systems
  • Well-organized, able to prioritize
  • Able to own an issue and creatively find potential solutions
  • Cross-LOB Partnership is essential
  • Strong written and verbal communication skills
Req #: 160038462
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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