The Firmwide Economic Scenarios & Analytics team, part of the Office of the CFO, is responsible for creating macroeconomic scenarios for the Firm's forecasting processes. The VP will play a crucial role in scenario design and macroeconomic forecasting, interacting with key stakeholders and leading junior team members. This role offers exposure to senior leaders and the chance to develop essential leadership and analytical skills for advancement within the Firm.
As a Vice President in the Firmwide Economic Scenarios & Analytics team, you will play an integral role in the team’s scenario design work and macroeconomic forecasting. You will directly execute forecasts for macroeconomic variables, consult with Subject Matter Experts, interact with and present to key stakeholders across Lines of Business (LoBs) in the Bank, and lead junior members of the team. The scenarios cover key U.S. and global macroeconomic indicators, rates, equities, FX and credit markets, real estate markets, etc. Accordingly, a broad knowledge base across economics and finance is essential. The team develops scenarios across a range of potential economic backdrops which are distributed Firmwide.
Job responsibilities:
Lead the design and execution of economic forecasts that make up the scenarios, working closely with key partners including suppliers of economic variables (JPM Economic/Strategy research teams or other experts) and users (Risk and Finance Lines of Business) Monitor and prepare commentary on economic releases and events, monitor evolving risks, stay abreast of trends in economics and financial markets, and anticipate implications for macroeconomic forecasting and scenario design Lead communications and meetings across diverse functions, locations and businesses to facilitate discussions, drive priorities and ensure consensus among stakeholders and senior management Develop executive-level presentations and explain key elements of the scenarios and economic environment to primary stakeholders including senior management across Lines of Business Interact with and guide quantitative model development teams for the development and enhancement of macroeconomic forecasting methodologies Lead ad-hoc analysis and conduct economic research as neededRequired qualifications, capabilities, and skills
Strong quantitative skills: Master’s Degree in Economics, Econometrics, Quantitative Finance, or related field 8+ years of work experience in research / forecasting / business analytics for a leading financial institution / central bank / consulting firm or similar, with a strong background / interest in economics Experience with econometric forecasting methods, familiarity with macroeconomic and financial market data sources Experience with programming languages / statistical software (e.g., EViews, Python, R) and advanced Excel and Microsoft Office skills Excellent communication (verbal and written) skills, with the ability to prepare and present executive level presentations Strong quantitative, analytical, and problem solving skills. Inquisitive nature, ability to ask the right questions and escalate issues Self-starter, able to work and multi-task in a fast-paced, results-driven environment with a proven track record of executing against deliverables and meeting deadlines under pressurePreferred qualifications, capabilities, and skills:
PhD is considered a plus Experience with scenario design in the context of CCAR, CECL etc. Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM)