JPMorgan Chase & Co., a leading global financial services firm, is seeking a Credit Cost Vice President for its Wealth Management business. This pivotal role, reporting directly to the Lending CFO, oversees the setting and forecasting of reserve levels for the Wholesale Lending Portfolio, directly impacting the P&L and balance sheet. The successful candidate will be part of a team that provides financial insights, conducts forecasting, and reports on the financial health of the business to senior leadership.
As a Wealth Management- Credit Cost Vice President within the Lending CFO team, you will be responsible for setting and forecasting reserve levels for the Wholesale Lending Portfolio. You will also lead various strategic initiatives to support the lending business and its leadership team. This role offers significant visibility and influence, with opportunities to engage with senior leadership across Wealth Management Finance, the Corporate Risk Office, and the lending business.
Job Responsibilities:
Validate CECL reserves for the Wealth Management business through comprehensive analytics and collaboration with finance, credit, and business management. Perform ad-hoc analytical support to the Wholesale Lending business heads (e.g., profitability analytics, capital optimization analytics, etc.) Communicate credit cost results to senior management, recommending strategic changes to the reserving process or business practices as needed. Oversee the accurate recording of credit cost results in investor reports, ensuring transparency and compliance. Develop and enhance the credit cost forecasting framework in partnership with credit risk and business units.Required qualifications, capabilities and skills :
5+ years of experience Strong analytical skills and ability to work with large data sets required. Strong experience with Excel required. Interact and communicate clearly and confidently with all levels of management. Ability to work in a fast-paced and intellectually demanding environment. Team oriented and strong work ethic. Judgment and discretion in working with highly confidential information.Preferred qualifications, capabilities and skills:
Familiarity with Access, SQL, Alteryx, Tableau, and/or Python a plus. Experience in Lending, Fixed income, and/or Credit costs a plus.