JPMorgan Chase Vice President, Wholesale Credit Analytics & Solutions (WCAS) in Plano, Texas
Duties: Support the implementation of the new Current Expected Credit Loss (CECL) allowance process and the International Financial Reporting Standards 9 (IFRS 9) allowance process. Collaborate closely with various key stakeholders throughout the Firm, including Credit Risk Management, Finance, Corporate Accounting Policies, Project Management, and Technology, as well as colleagues within the Wholesale Allowance team. Support implementation of CECL through extensive user testing, requiring detailed understanding of the business requirements and ability to explain findings. Analyze and understand the wholesale portfolio and allowance results, including key drivers of allowance to explain results. Execute on the business operating model with a strong understanding of end-to-end process, timeline, and key parties involved. Partner with technology to develop or enhance reporting and analytics tools by providing business requirements. Develop Sarbanes-Oxley (SOX) controls for CECL in compliance with requirements, incorporating insight from auditors. Prepare presentations for senior management and other key stakeholders. Create and maintain comprehensive documentation and standard operating procedures related to the allowance process. Act as subject matter expert on allowance and serve as key point of contact for internal and external stakeholders. This position supervises three (3) employees (Associates and Analysts).
Minimum education required: Bachelor's degree or equivalent in Finance, Engineering (any) or related field.
Minimum experience required: 5 years of experience in Finance or Risk, or a related experience.
Skills required: Experience defining target operating model and business process implementation. Experience analyzing large datasets. Demonstrated knowledge of credit risk models. Experience defining business requirements for technology implementation. Experience performing user acceptance testing. Demonstrated technical knowledge of Excel and PowerPoint. Demonstrated knowledge of wholesale credit products. Experience with internal controls. Employer will accept any amount of professional experience with the required skills.JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
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