Job title: Firmwide Economic Scenarios- Vice President
Company: JPMorgan Chase
Job description: Job Description:The Firmwide Economic Scenarios & Analytics team within the Office of the Chief Financial Officer oversees the development and distribution of macroeconomic scenarios used in the Firm’s forecasting processes. The team collaborates with the Economics and Strategy Research teams, Chief Risk Officer, Chief Financial Officer, Financial Planning teams, and other corporate areas such as Investor Relations and Capital Management. The scenarios cover key U.S. and global macroeconomic indicators, rates, equities, FX and credit markets, real estate markets, etc. Accordingly, a broad knowledge base across economics and finance is essential. The team develops scenarios across a range of potential economic backdrops which are distributed Firmwide.The VP is expected to play an integral role in the team’s scenario design work and macroeconomic forecasting including directly executing forecasts for macroeconomic variables, consulting with Subject Matter Experts, interacting with and presenting to key stakeholders across Lines of Business (LoBs) in the Bank, and leading junior members of the team. The role can expect to have exposure to senior leaders, including but not limited to the Line of Business Chief Financial Officers and Chief Risk Officers, and will have the opportunity to develop important leadership and analytical skills required to advance in the Firm.Job responsibilities
- Support the design and execution of economic forecasts that make up the scenarios, working closely with key partners including suppliers of economic variables (JPM Economic/Strategy research teams or other experts) and users (Risk and Finance Lines of Business)
- Monitor and prepare commentary on economic releases and events, monitor evolving risks, stay abreast of trends in economics and financial markets, and anticipate implications for macroeconomic forecasting and scenario design
- Lead communications and meetings across diverse functions, locations and businesses to facilitate discussions, drive priorities and ensure consensus among stakeholders and senior management
- Develop executive-level presentations and explain key elements of the scenarios and economic environment to primary stakeholders including senior management across Lines of Business
- Interact with and guide quantitative model development teams for the development and enhancement of macroeconomic forecasting methodologies
- Lead ad-hoc analysis and conduct economic research as needed
Required qualifications, capabilities, and skills
- Strong quantitative skills: Master’s Degree preferably in Economics, Econometrics, Quantitative Finance, or related field; PhD is considered a plus
- 8+ years of work experience in research / forecasting / business analytics for a leading financial institution / central bank / consulting firm or similar, with a strong background / interest in economics
- Experience with econometric forecasting methods is required, familiarity with macroeconomic and financial market data sources is a plus
- Experience with programming languages / statistical software (e.g., EViews, Python, R) and advanced Excel and Microsoft Office skills are required
- Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM) is considered a plus
- Experience with scenario design in the context of CCAR, CECL etc. is a plus
- Excellent communication (verbal and written) skills, with the ability to prepare and present executive level presentations
- Strong quantitative, analytical, and problem solving skills. Inquisitive nature, ability to ask the right questions and escalate issues
- Self-starter, able to work and multi-task in a fast-paced, results-driven environment with a proven track record of executing against deliverables and meeting deadlines under pressure
About Us: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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 for more information about requesting an accommodation.JPMorgan Chase is an Equal Opportunity Employer, including Disability/VeteransAbout the Team:Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
Expected salary:
Location: New York City, NY
Job date: Thu, 16 May 2024 22:42:48 GMT
Apply for the job now!