Capital Management - Retail Credit Risk, Associate

JPMorgan Chase is seeking an Associate to join our Risk-Weighted Assets group within the Chief Investment Office.  

As a Risk-Weighted Assets Associate in the Capital Management team you will be responsible for end-to-end oversight of the firm’s capital management framework to ensure the firm is compliant with regulatory capital requirements and maintains fortress principles related to capital levels, capital distributions/buy-backs, capital stress testing and internal capital allocation. You will  work in close partnership with stakeholders within Risk, the Business and other Finance functions around the world to ensure a cohesive global approach to capital management.

The Basel Measurement and Analytics group within Capital Management produces and analyzes firm-wide Counterparty Credit risk regulatory capital results on a monthly basis. The team is responsible for implementation of Basel rules and enhancement to the Basel reporting infrastructure. You will work closely with Lines of Business, Model Implementation, Technology and Regulatory Policy to advance the Firm’s capital agenda in Retail Credit and Other Assets risk stripe.

Job Responsibilities:

• Performs deliverables related to production of Retail Credit Risk RWA. Analyze RWA, perform trend analysis, forecast-to-actual results variances and provide insights for stakeholders and senior management
• Provide technical expertise and recommendations in gathering and documenting requirements, analyzing customer needs, and designing technical solutions
• Develop solutions primarily using Python and SQL Queries and also other tools like Data bricks, Alteryx
• Performs quantitative impact studies (QIS) for regulatory agencies. Understand the upcoming rules and regulations in Retail domain, determine data gaps, draft resolution plans, and create implementation processes for reporting
• Partners with risk management, lines of business and technology teams to identify and remediate data quality issues. Tracking and management of issues through to resolution
• Implements new business initiatives, model updates collaborating with stakeholders and partnering with Technology

Required qualifications, capabilities, and skills:

• Bachelor’s degree in Finance/Quantitative Finance Major/CFA charter holders having strong technical skillset OR Computer Science graduates with Finance industry background
• High degree of passion for application / solution development – the ability to rapidly learn and apply new technologies to meet business goals is critical
• Good interpersonal, oral and written communication skills to collaborate effectively
• Ability to multi-task, decide prioritization and capability to make decisions, organized, self-motivated and be a team player
• Strong analytical and problem solving skills, with focus on controls. Superior attention to detail and process-orientation
• Should be in a position to develop intelligent automated solutions on Data bricks platform using Python (PANDAS, Marplot) and SQL alchemy for in depth data analytics, data transformations and calculations.
• 3+ years of experience, with a proven track record of problem solving, developing solutions addressing real scenarios in Banking/Finance.

JPMorganChase, 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 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, religio