Stress Testing, Senior Associate

Location: Jersey City, NJ, United States

Job Family: Financial Analysis

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a commitment to innovation and excellence in serving our clients. The Stress Testing, Senior Associate role within the Regulatory and Controls team in Corporate Central Planning & Analysis offers an exciting opportunity for an experienced professional to contribute to the firm's robust risk management framework. Based in Jersey City, NJ, this position involves working closely with senior leaders to ensure our stress testing practices align with stringent regulatory standards and support strategic decision-making. As a key player in this dynamic team, you will help safeguard the bank's resilience against economic uncertainties, leveraging your expertise in financial analysis to drive actionable insights. In this role, you will be responsible for developing sophisticated stress testing models that simulate various adverse scenarios, such as market downturns or geopolitical events, to evaluate their potential impact on JP Morgan Chase's capital adequacy and liquidity. You will collaborate with risk, finance, and compliance teams to refine methodologies, validate assumptions, and prepare comprehensive reports for regulatory submissions like the Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Testing (DFAST). Your work will directly influence how the firm prepares for and responds to financial stresses, ensuring compliance with Basel III and other global standards while identifying opportunities to enhance internal controls. We value professionals who thrive in a collaborative, high-stakes environment and bring a deep understanding of the financial services landscape. This Senior Associate position not only offers exposure to cutting-edge tools and technologies in quantitative finance but also provides avenues for career growth within one of the world's most respected institutions. If you are passionate about regulatory affairs and financial stability, join JP Morgan Chase to make a meaningful impact on our global operations.

Key Responsibilities

• Develop and maintain stress testing models to assess the impact of adverse economic scenarios on JP Morgan Chase's financial position
• Collaborate with cross-functional teams to ensure compliance with regulatory requirements including CCAR and DFAST submissions
• Analyze and interpret stress test results to provide insights for senior management and regulatory reporting
• Support the enhancement of controls and processes within the Corporate Central Planning & Analysis team
• Conduct scenario-based simulations and sensitivity analyses for portfolio risk assessment
• Prepare detailed documentation and reports for internal audits and external regulators
• Monitor key risk indicators and recommend adjustments to stress testing frameworks
• Participate in the review and validation of stress testing assumptions and methodologies
• Assist in training junior team members on regulatory and analytical best practices
• Contribute to the firm's overall enterprise risk management strategy

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field
• Minimum of 3-5 years of experience in stress testing, financial modeling, or regulatory reporting within the financial services industry
• Strong understanding of regulatory frameworks such as CCAR, DFAST, and Basel III requirements
• Proficiency in financial analysis and risk management principles
• Experience with data analysis tools and financial databases
• Ability to work in a fast-paced, regulated environment
• Excellent attention to detail and analytical mindset

Preferred Qualifications

• Advanced degree (Master's or MBA) in Finance or a related field
• Prior experience at a major financial institution like JP Morgan Chase
• Knowledge of JP Morgan's internal stress testing methodologies
• Certification in financial risk management (e.g., FRM)
• Experience with scenario analysis and macroeconomic modeling

Required Skills

• Financial modeling and forecasting
• Stress testing and scenario analysis
• Regulatory compliance (CCAR, DFAST, Basel)
• Data analysis and visualization
• Proficiency in Excel, VBA, and SQL
• Knowledge of Python or R for quantitative analysis
• Risk assessment and management
• Attention to detail and accuracy
• Strong communication and presentation skills
• Analytical problem-solving
• Team collaboration and stakeholder management
• Time management in high-pressure environments
• Understanding of macroeconomic factors
• Report writing and documentation
• Adaptability to evolving regulatory landscapes

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for advanced education
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at JP Morgan Chase facilities
• Flexible work arrangements and hybrid work options in Jersey City, NJ

JP Morgan Chase is an equal opportunity employer.