JPMorgan Chase Consumer & Community Banking (P&A CCAR) – Stress Testing Analytics - Vice President in Brooklyn, New York
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Consumer & Community Banking (“CCB”) serves 65 million consumers and four million small businesses with a broad range of financial services, including mortgages, credit cards, payments, investment advice, personal banking, business lending and auto finance.
Team and role description
Part of CCB Finance, the Stress Testing Analytics team (“Analytics”) is accountable for success in two key areas of CCB – (1) analyzing business performance under various stress scenarios (explaining the “so what?”), and (2) creating and enhancing capabilities that position CCB as best in class in the field of stress testing (answering the question “how can we improve what we’re doing?”).
Achieving exceptional quality in our first area of interest – analyzing business performance under stress – is done through methodical, logic-driven approaches for identifying underlying performance drivers for each of CCB’s businesses, analyzing their respective areas of impact and distilling these large amounts of data into a succinct, coherent story that conveys key messages to CCB’s Chief Financial Officer, Chief Risk Officer, and often Chief Executive Officer. At a tactical level, analyses may include determining the impact of macro-economic variables on business performance, identifying trends in performance over stress projection periods (typically nine quarters), understanding the dynamic between multiple lines of business in CCB in terms of drivers and offsets of performance, and present a view on the implications of all of the above (the “so what?”) to senior management.
Achieving continuous improvement in our second area of interest – creating and enhancing stress testing capabilities – is achieved by leading automation efforts to streamline inputs and outputs of the stress testing analysis, challenging the status quo by introducing innovative best practices, venturing into Predictive Analytics, and working closely with upstream and downstream stakeholders to make analysis outputs more accessible at all levels.
We are currently looking for a seasoned VP. Analytics is a small team operating in a start-up-like setting. Our team-members get a disproportionate amount of responsibility, and are expected to analyze and problem-solve on multiple dimensions in parallel. If you like numbers and understanding what drives them, if you like looking at something and thinking how it could be achieved in a better way, if you like fast pace and a dynamic, flat setting, and if you like presenting your views to the most senior executives of JPMC – we may have a spot for you on our team!
What would you be doing as a leading member of our team?
Work with large amounts of data and multiple stakeholders to create a succinct, coherent story to be consumed by CCB senior management in the form of executive presentations
Lead research to understand what drives performance of each of CCB’s five sub-lines of business, to the extent that you would be able to take a view and field questions relating to their performance
Modernize Analytics’ tools, currently in Excel, to leverage available automation options (e.g. advanced macros, firm-wide automation initiatives) and presentations tools (e.g. Tableau )
Lead engagements involving stakeholders from Analytics and other teams , as well as negotiating with upstream counterparties (e.g. Corporate) to shield your clients (CCB’s sub-lines of business) from unnecessary or inefficient requests
Develop Associates and Analysts on the team by leading partnering on engagements and stress analyses, as well as providing the right environment for them to excel and develop longer-term tangible and soft skills
What won’t you be doing as a leading member of our team?
Anything not “stress testing” – Analytics, although part of the Planning & Analysis organization, does not take part in any non-stress-related activity, e.g. budget planning, periodic reports, investor days, executive committee off-sites, etc.
Anything not “analysis” – as you could probably already tell from the above (we hope), our main focus is on analysis – of numbers, processes, scenarios. These are what you’d be spending your time on
Modeling or forecasting – in Analytics, we take a view on the numbers and provide commentary on what they mean. We are down-stream from the modelers and forecasting team, who actually generate the numbers, but we do interact with them on an almost-daily basis and they are a big part of our constituents
At least 2 years at the VP level, including managing Associate / Analysts
Bachelor’s degree required, Master’s preferred
Positive attitude and high energy – a must
Proven passion for numbers and what they mean, including experience in financial analysis
Guru-level Excel and PowerPoint skills; familiarity with Tableau highly desired
Proven track record of leading projects towards desired results while generating consensus among a community of stakeholders
Professional maturity, strong executive presence, presentation and negotiation skills; able to work with minimal supervision
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.