Risk Management - Firmwide Allowance - Associate
J.P. Morgan
Associate Role
Job Title:
Risk Management – Firmwide Allowance Team – Associate
As Associate of the Firmwide Allowance team, your focus will be on accurate reporting & governance of credit losses under CECL standards.
Job Summary
Bring your expertise to JPMorgan Chase. As part of Risk Management & Compliance, you are at the center of keeping JPMorgan Chase strong and resilient.
As a Risk Management – Risk Controllers – Firmwide Allowance team – Associate you will play a key role in supporting the integrity and accuracy of reporting and governance related to the firmwide allowance for credit losses (ACL) under the Current Expected Credit Losses (CECL) accounting standard. You will assist in consolidating the ACL and Credit Costs across Consumer and Wholesale lines of business and support reporting aspects, including disclosures at earnings and the 10K/Q, as well as the credit cost budget and forecast.
Job Responsibilities
- Assist in the consolidation of ACL and credit costs across various lines of business, both for quarterly forecast and actuals reporting. Produce CECL Weighting results across multiple economic scenarios, providing key executive insights into possible levels of Allowance for Credit Losses
- Support the preparation of financial disclosures related to earnings and regulatory filings for business partners such as Investor Relations or SEC reporting
- Contribute to the preparation and delivery of Allowance for Credit Losses and Provision for Credit Losses reporting to senior executive management
- Participate in maintaining and creating allowance-related standards, charters, memos. Support the governance framework for firmwide allowance processes by assisting with the preparation of ACL committee agendas and materials, maintaining records, and helping ensure alignment with auditor and regulator expectations.
- Collaborate with team members and support senior business leaders and stakeholders in strategic decision-making, including ad-hoc firmwide CECL analysis for internal business partners.
- Approximately 3-5 years of experience in finance, accounting, credit, or a related field.
- Basic understanding of credit loss accounting standards, particularly CECL.
- Strong analytical skills and attention to detail.
- Effective communication skills, both written and verbal.
- Ability to work collaboratively in a team environment.
- Experience and proficiency in Microsoft Office applications, especially PowerPoint and Excel. Ability to interpret, manipulate, and write basic lookup functions in Excel for data aggregation and analysis
- BA/BS in Finance, Accounting, Economics, or related field.
Required Qualifications, Capabilities, and Skills
Preferred Qualifications, Capabilities, and Skills
- Prior professional experience analyzing Allowance for Credit Losses
- Production of presentation materials via PowerPoint for an executive audience
- Alteryx and Tableau Experience analyzing large data sets
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Bring your expertise to JPMorgan Chase. As part of Risk Management & Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. As a Risk Management – Risk Controllers – Firmwide Allowance team – Associate you will play a key role in supporting the integrity and accuracy of reporting and governance related to the firmwide allowance for credit losses (ACL) under the Current Expected Credit Losses (CECL) accounting standard. You will assist in consolidating the ACL and Credit Costs across Consumer and Wholesale lines of business and support reporting aspects, including disclosures at earnings and the 10K/Q, as well as the credit cost budget and forecast.