Risk Management - Risk Controllers - Firmwide Allowance Lead - Vice President

Bring your expertise to JPMorgan Chase.

As part of Risk Management & Compliance, you are at the center of keeping JPMorgan Chase strong and resilient.

You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities.

Our culture in Risk Management & Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As a Risk Management - Risk Controllers - Firmwide Allowance Lead - Vice President, you will be responsible for the integrity and validity of the risk data disclosed in the firm's external financial reporting, inclusive of quarterly earnings presentations, 10Q/K, and stand-alone legal entity financial statements.

The team is also responsible for the firmwide allowance for credit losses governance and framework, including the reconciliation and substantiation of the allowance results.

The team is expected to deliver insightful, high-quality analytics to senior stakeholders across Risk Management & Compliance and the Office of the Chief Financial Officer to enable well informed decision making.

We are looking for a motivated Vice President to join the Allowance Controllers team as the Firmwide Allowance Lead.

This position is responsible for managing the external financial reporting of the firm's allowance for credit losses, including telling the story and creating executive content, internal management reporting, understanding the economic environment and assessing emerging risks, and managing the firmwide allowance governance process.

Job responsibilities


* Manage external financial reporting and internal management reporting of the firm's allowance for credit losses calculated under Current Expected Credit Losses, requiring the understanding of the allowance for the wholesale and consumer portfolios


* Write commentary to explain the drivers of allowance for the firm's external disclosures included in quarterly earnings materials and the 10Q/K


* Prepare internal management reporting of allowance, including the key risk summary report for the Board Risk Committee, credit costs outlook for the Executive Management Report, and allowance results for the Audit Committee


* Understand the current economic environment and identify economic indicators to assess emerging risks for the firm and the associated impact on allowance


* Perform sensitivity analysis on key inputs to the firm's allowance to inform decision making by senior management


* Develop executive level presentations that effectively tells the allowance story for the quarter and emerging risk considerations


* Maintain a strong governance framework for the firmwide allowance process, aligned with expectations from auditors and regulators


* Execute best practices in the management of senior level firmwide allowance governance meetings, from planning a...