Risk Management - Credit Risk Controllers - Associate

Location: Newark, DE, United States

Job Family: Risk Management

About the Role

At JP Morgan Chase, we are a leading global financial services firm with operations serving millions of customers, investors, and businesses worldwide. The Risk Management division plays a critical role in safeguarding the firm by identifying, assessing, and mitigating risks across our diverse portfolios. As a Credit Risk Controller Associate in our Newark, DE office, you will join a dynamic team focused on ensuring the integrity and accuracy of credit risk processes. This role is pivotal in supporting the firm's commitment to robust risk governance, particularly in the context of evolving regulatory landscapes and complex financial products. You will contribute to maintaining JP Morgan Chase's reputation as a trusted steward of client assets and a resilient institution in the global banking sector. In this position, you will be responsible for developing and validating credit risk models, performing control testing, and generating insightful reports that inform strategic decisions. Working closely with cross-functional teams, including traders, model developers, and compliance officers, you will analyze credit exposures in areas such as corporate lending, consumer banking, and capital markets. Your work will directly impact how JP Morgan Chase manages its $3 trillion+ balance sheet, ensuring alignment with internal risk appetite and external standards like Basel III and the Comprehensive Capital Analysis and Review (CCAR). This role offers exposure to cutting-edge risk technologies and the opportunity to influence firm-wide policies in a collaborative, innovative environment. We seek candidates who thrive in a high-pressure setting and are passionate about financial risk management. Success in this role requires a blend of technical expertise, regulatory knowledge, and interpersonal skills to navigate the intricacies of JP Morgan Chase's global operations. As an Associate, you will have avenues for career growth, including potential advancement to senior controller or specialized risk advisory positions. Join us in Newark, DE, and be part of a team that not only protects the firm but also drives sustainable growth in the financial services industry.

Key Responsibilities

• Develop and maintain credit risk control frameworks to ensure accurate measurement and reporting of credit exposures across JP Morgan Chase's portfolios
• Perform independent validation and control testing of credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD)
• Collaborate with front-office trading, risk management, and finance teams to assess and mitigate credit risks in wholesale and retail lending activities
• Monitor and report on key credit risk metrics, ensuring compliance with internal policies and external regulations such as Dodd-Frank and CCAR
• Conduct ad-hoc analyses and stress testing to support senior management decision-making on credit risk appetite
• Identify and escalate potential control deficiencies or emerging risks in credit portfolios
• Support the implementation of new regulatory requirements and enhancements to risk management infrastructure
• Contribute to the ongoing improvement of credit risk reporting dashboards and analytics tools
• Liaise with auditors and regulators during examinations of JP Morgan Chase's credit risk practices
• Mentor junior team members and promote a culture of risk awareness within the organization

Required Qualifications

• Bachelor's degree in Finance, Accounting, Economics, or a related quantitative field
• Minimum of 3 years of experience in credit risk management, financial controlling, or related roles within the financial services industry
• Strong understanding of credit risk methodologies, including Basel regulations and IFRS 9
• Proficiency in financial modeling and data analysis tools
• Experience with regulatory reporting and compliance in a banking environment
• Ability to work collaboratively in a fast-paced, high-stakes environment
• CFA, FRM, or similar professional certification

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or Risk Management
• Prior experience at a major financial institution like JP Morgan Chase
• Knowledge of JP Morgan's internal risk management systems and processes
• Experience with stress testing and scenario analysis for credit portfolios
• Familiarity with Python or R for risk analytics

Required Skills

• Credit risk modeling and quantitative analysis
• Financial statement analysis and accounting principles
• Regulatory knowledge (Basel III, IFRS 9, SR 11-7)
• Data analytics and visualization (Excel, Tableau, SQL)
• Programming in Python, R, or VBA for risk simulations
• Strong attention to detail and analytical thinking
• Excellent communication and presentation skills
• Project management and process improvement
• Team collaboration and stakeholder management
• Problem-solving in complex, ambiguous environments
• Proficiency in risk management software (e.g., Moody's, SAS)
• Understanding of derivatives and structured products
• Time management in deadline-driven settings
• Ethical judgment and compliance orientation
• Adaptability to evolving financial regulations

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
• Paid time off, including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and access to internal training programs
• Employee stock purchase plan and other financial wellness benefits
• On-site fitness centers and wellness programs at JP Morgan Chase locations
• Flexible work arrangements, including hybrid options in Newark, DE

JP Morgan Chase is an equal opportunity employer.