Risk Management – Firmwide Allowance – Associate

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