Risk Management - Business Banking Credit Forecasting - Vice President

Location: Columbus, OH, United States

Job Family: Risk Analytics/Modeling

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to innovation and risk management. As a Vice President in Risk Management - Business Banking Credit Forecasting, you will play a pivotal role in overseeing the allowance process for our Business Banking division. Based in Columbus, OH, this position within the Risk Analytics/Modeling category involves leading the development and execution of credit loss forecasting models, ensuring robust assessment of potential losses in our commercial lending portfolios. You will contribute to maintaining the integrity of our financial statements while supporting strategic decision-making in a dynamic banking environment. Your key focus will be on implementing and refining Current Expected Credit Loss (CECL) methodologies, analyzing macroeconomic factors, and integrating portfolio data to produce accurate allowance estimates. Collaborating closely with cross-functional teams including Commercial Banking, Finance, and Model Risk, you will drive enhancements in forecasting accuracy and regulatory compliance. This role demands a deep understanding of business banking products such as term loans, revolving credit facilities, and asset-based lending, as well as the ability to navigate complex regulatory landscapes like those governed by the FDIC and OCC. Joining JP Morgan Chase means becoming part of a world-class institution that values integrity, excellence, and client-centric innovation. In this position, you will have opportunities to influence risk strategies that protect and grow our $2.5 trillion asset base, while advancing your career through exposure to cutting-edge analytics and leadership development programs. If you are a seasoned risk professional passionate about quantitative analysis in financial services, this role offers a chance to make a meaningful impact on one of the world's most admired banks.

Key Responsibilities

• Lead the end-to-end management of the allowance process for Business Banking, including forecasting credit losses and ensuring compliance with CECL methodologies
• Develop and maintain quantitative models for credit risk assessment, incorporating macroeconomic variables and portfolio-specific data
• Collaborate with business units, finance, and risk teams to produce accurate quarterly allowance estimates and financial projections
• Monitor and analyze business banking portfolio performance, identifying emerging risks and recommending mitigation strategies
• Prepare and present risk reports to senior management and regulatory bodies, ensuring transparency and adherence to JP Morgan Chase's risk governance framework
• Support stress testing and scenario analysis for business banking exposures under various economic conditions
• Drive process improvements in credit forecasting tools and methodologies to enhance efficiency and accuracy
• Liaise with external auditors and regulators on allowance-related inquiries and examinations
• Mentor junior analysts in risk modeling techniques and best practices in financial services
• Stay abreast of industry trends, regulatory changes, and advancements in risk analytics to inform strategic decisions

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field
• Minimum of 7-10 years of experience in credit risk management, forecasting, or financial modeling within the banking or financial services industry
• Proven expertise in managing allowance for loan and lease losses (ALLL) processes under US GAAP and regulatory standards
• Strong understanding of business banking products, including commercial loans, lines of credit, and small business financing
• Experience with regulatory reporting requirements such as CECL (Current Expected Credit Loss) implementation
• Proficiency in data analysis tools and financial software used in risk management
• Ability to work collaboratively in a fast-paced, matrixed organization

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance, Risk Management, or a quantitative discipline
• Certification such as CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager)
• Prior experience at a large financial institution like JP Morgan Chase, with exposure to business banking portfolios
• Knowledge of macroeconomic forecasting and its impact on credit risk in commercial lending
• Demonstrated leadership in cross-functional teams for risk analytics projects

Required Skills

• Advanced proficiency in Excel and financial modeling
• Experience with statistical software such as SAS, R, or Python for data analysis
• Knowledge of SQL for querying large datasets
• Expertise in credit risk modeling and forecasting techniques
• Strong understanding of US GAAP and regulatory frameworks like CECL
• Analytical thinking and problem-solving abilities
• Excellent communication skills for presenting complex data to stakeholders
• Attention to detail in financial reporting and compliance
• Project management skills for leading cross-functional initiatives
• Adaptability to evolving regulatory and market conditions
• Team collaboration and leadership in a corporate environment
• Proficiency in visualization tools like Tableau or Power BI
• Macroeconomic analysis and scenario planning
• Risk assessment and mitigation strategies
• Time management in high-pressure deadlines

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan Chase's internal training programs and tuition reimbursement
• Employee stock purchase plan and other financial wellness benefits
• On-site fitness centers, wellness programs, and mental health support
• Flexible work arrangements and hybrid work options in Columbus, OH

JP Morgan Chase is an equal opportunity employer.