What are the responsibilities and job description for the Risk Management - Wholesale Credit Risk Loan Loss Forecasting Risk Associate position at JPMorganChase?
Job Description
Bring your expertise to JPMorgan Chase. As part of Wholesale Credit Risk Loan Loss Forecasting team, you will help influence loan loss estimation and collaborate with risk executives and business stakeholders across the firm to articulate methodology assumptions and forecasting outcomes for exercises including Quarterly Stress Testing (QST), Comprehensive Capital Analysis and Review (CCAR), and ad hoc risk analysis and stress limit management.
As a Risk Associate in Wholesale Credit Risk Loan Loss Forecasting team, you will support the forecasting and stress analytics for a portfolio of credit hedges and held-for-sale loans. Additionally, this role offers a unique opportunity to build deep expertise in various credit products, develop a strong understanding of the firm’s stress testing frameworks and modeling assumptions, and help shape the future stress treatment through close partnership with the Business, Finance, and Quantitative Research teams across JPMorgan Chase. The ideal candidate is passionate about risk management and brings strong quantitative and analytical skills, with experience independently driving projects spanning technology, modeling, and data. The Associate will communicate insights and results to senior stakeholders across the First Line and Second Line of Defense.
Job Responsibilities
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, 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 FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Bring your expertise to JPMorgan Chase. As part of Wholesale Credit Risk Loan Loss Forecasting team, you will help influence loan loss estimation and collaborate with risk executives and business stakeholders across the firm to articulate methodology assumptions and forecasting outcomes for exercises including Quarterly Stress Testing (QST), Comprehensive Capital Analysis and Review (CCAR), and ad hoc risk analysis and stress limit management.
As a Risk Associate in Wholesale Credit Risk Loan Loss Forecasting team, you will support the forecasting and stress analytics for a portfolio of credit hedges and held-for-sale loans. Additionally, this role offers a unique opportunity to build deep expertise in various credit products, develop a strong understanding of the firm’s stress testing frameworks and modeling assumptions, and help shape the future stress treatment through close partnership with the Business, Finance, and Quantitative Research teams across JPMorgan Chase. The ideal candidate is passionate about risk management and brings strong quantitative and analytical skills, with experience independently driving projects spanning technology, modeling, and data. The Associate will communicate insights and results to senior stakeholders across the First Line and Second Line of Defense.
Job Responsibilities
- Build and maintain a strong understanding of wholesale credit hedging strategies and instruments, including single-name CDS, indices, options, and Synthetic Risk Transfer (SRT) transactions.
- Review and challenge stress forecasts for hedge P&L and loss-mitigation benefit under internal and regulatory scenarios; support end-to-end stress testing production cycles for Quality Stress testing and Comprehensive Capital Analysis and Review.
- Develop clear, well-structured management presentations summarizing stress results, key drivers, and walk/explain narratives for business and risk stakeholders.
- Partner with Quantitative Research to refine modeling treatments and assumptions; become a subject matter resource on credit loss forecast parameters including Probability of Default, Loss Given Default, Rating Migration, and Mark-to-Market loss.
- Lead UAT and implementation support for model enhancements, system migrations, and new functionality releases, including requirement definition, test design, execution, and issue triage.
- Conduct ad hoc, transaction-level risk and stress estimates, and perform ongoing portfolio monitoring and targeted deep-dives to identify emerging risks and forecast sensitivities.
- Drive process efficiency through automation initiatives (including responsible use of LLMs/AI, where appropriate) to streamline forecasting, reporting, and controls.
- Provide analytical support for risk review and challenge of new products, business initiatives, and stress methodology changes impacting the respective portfolios
- Build and sustain strong stakeholder relationships across Business, Risk, Finance, Quantitative Research, and Technology, ensuring alignment on assumptions, timelines, and deliverables.
- Maintain working knowledge of loan underwriting and syndication activities; stay current on credit market conditions, macro themes, and relevant M&A / event-driven activity impacting the portfolio.
- Bachelor’s degree in Business, Finance, Mathematics, or a related field.
- Minimum 3 years of experience in credit risk, stress testing, risk analytics, model development, or similar roles.
- Demonstrated ability to build effective working relationships across First Line and Second Line stakeholders.
- Ability to work independently with minimal supervision; sound judgment on when to escalate; ability to perform under pressure and deliver under tight deadlines.
- Strong written and verbal communication skills, with experience preparing materials for senior management.
- Strong attention to detail, with the ability to manipulate and analyze large datasets and translate results into clear messaging.
- Strong technical skills, especially Excel, Tableau, and experience applying LLMs/AI to improve workflow efficiency; Python and automation experience is a plus.
- Strong knowledge of loan and derivative products; familiarity with credit hedging instruments (CDS/index/options) strongly preferred.
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, 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 FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Salary : $135,000 - $150,000