Risk Management - Wealth Management Credit Forecasting - Vice President
at J.P. Morgan
Posted 23 days ago
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- Compensation
- Not specified
- City
- Not specified
- Country
- United States
Currency: Not specified
Lead a small team to develop and review credit cost forecasts and scenario-based loss estimates for Wealth Management portfolios. Drive analyses for internal and external exercises (budget, CECL, Firmwide Risk Appetite, CCAR), create senior-management presentations, and coordinate cross-functionally with Risk, Finance, Product and Collections. Ensure documentation, controls, and incorporation of strategic initiatives into forecasts. Role emphasizes credit risk modeling, stakeholder communication, and delivery of high-quality results under tight deadlines.
Location: OH, United States
As a Wealth Management Credit Forecasting Vice President, within Consumer & Community Banking (CCB) Risk, you will be responsible for managing a team of two Associates, reviewing the production of credit costs forecasts, leading analyses to assess the performance of our product portfolio and collaborating with a number of stakeholders in risk, finance and the business. This is an exciting opportunity to contribute to our team's success and develop your skills in a fast-paced environment.
The Credit Forecasting Team is at the heart of the firm’s financial strategy, driving pivotal processes around credit, capital, and climate risk. We estimate future credit losses for the consumers and small businesses across our Auto, Business Banking, Credit Card, Home Lending, Wealth Management and International Consumer Bank (ICB) portfolios. We provide critical insights and analysis on our credit losses across a range of macroeconomic scenarios and monitor key emerging risks while partnering closely internal teams such as Finance and Strategy.
Job Responsibilities
- Manage a team of 2 resources (India-based)
- Lead and review credit forecasts for internal and external exercises, such as budget, CECL, Firmwide Risk Appetite and CCAR (stress testing)
- Create presentations for senior management and present the forecast with a clear storyline and data support
- Lead cross-functional communications with Risk Management, Finance, Product and Collections to inform the forecast on current learnings and incorporate strategic initiatives
- Ensure appropriate documentation and controls are in place
Required qualifications, capabilities, and skills
- Minimum 5 years of Risk Management, Finance and/or Consulting experience
- Ability to present complex and technical concepts in a clear, simple and concise manner to manage frequent interactions outside immediate team and senior management
- Ability to manage multiple priorities to high standards and to deliver high quality results within tight deadlines
Preferred qualifications, capabilities, and skills
- Programming languages like Python
- Knowledge of regulatory modeling (CECL / CCAR)
- Credit risk experience in one or more US consumer credit portfolios (i.e., Wealth Management, Private Banking)
