Risk Management - Firmwide Allowance Team - Vice President

Bring your expertise to JPMorgan Chase. As part of Risk Management & Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management & Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As a Vice President within the Risk Management - Risk Controllers - Firmwide Allowance team, you will focus on ensuring the integrity and accuracy of reporting and governance related to the firmwide allowance for credit losses (ACL) results, calculated under the Current Expected Credit Losses (CECL) accounting standard. Your responsibilities will include consolidating ACL and Credit Costs across Consumer and Wholesale lines of business, managing reporting aspects such as disclosures at earnings and the 10K/Q, and overseeing the credit cost budget and forecast. Additionally, you will engage in other team duties, including maintaining allowance-related standards and preparing the CECL scenario weights assessment. This role provides the opportunity to collaborate with senior business leaders and stakeholders, contributing to strategic decision-making and financial excellence within the organization.

Job Responsibilities

• Support the consolidation of allowance and credit costs across Consumer and Wholesale lines of business and contribute to executive-level presentations that effectively communicate the allowance story.
• Assist in managing external and internal reporting, including earnings disclosures and the 10K/Q, with responsibility for the integrity and validity of the allowance and credit cost results disclosed in this reporting.
• Create and maintain documentation and controls for all firmwide allowance deliverables so processes are executed in a controlled manner and decisions are well-documented.
• Write commentary explaining drivers of changes in the allowance for external disclosures in quarterly earnings materials and the 10K/Q, and prepare internal management reports, including key risk summaries for the Board Risk Committee and credit costs outlook for the Executive Management Report.
• Collaborate closely with the Firmwide Economic Scenarios & Analytics (FESA) team to understand scenario narratives and macroeconomic forecasts.
• Collaborate with Line of Business and Firmwide P&A teams to support the delivery of the Firmwide Credit Cost budget and forecast, including net charge-offs and changes in allowance.
• Consolidate and analyze financial results to provide actionable insights to the Risk CFO.
• Support the preparation of the CECL scenario weights assessment and contribute to the governance framework for firmwide allowance processes, driving alignment with auditor and regulator expectations.
• Identify areas for improvement and apply best practices in the firmwide allowance process and governance framework.
• Act as a trusted advisor and partner to stakeholders across the firm, including Investor Relations, SEC Reporting, Loss Forecasting, Controllers, Firmwide Economic Scenarios & Analytics (FESA), Lines of Business, and colleagues within Risk Management & Compliance.

Required Qualifications, Capabilities, and Skills

• Mimimum 6 years of experience in Finance, Accounting, Financial reporting, or related fields.
• Strong analytical and problem-solving skills, with attention to detail and a controls mindset.
• Excellent communication skills, both written and verbal, with the ability to cater messages to senior-level audiences.
• Ability to work under pressure while maintaining high-quality deliverables.
• Strong organizational and project management skills, ability to manage multiple competing priorities and work under tight deadlines.
• Works independently and proactively solves problems, leveraging strong interpersonal skills and effective collaboration across all levels.
• Interest in, and understanding of, the macroeconomic environment and emerging risks that could impact credit losses.

Preferred Qualifications, Capabilities, and Skills

• Background in financial reporting, planning and analysis, forecasting, product control, variance analysis, governance, or audit.
• Experience with allowance for credit losses or credit risk reporting.
• Experience with operating model execution and documentation.

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

Base Pay/Salary
Brooklyn,NY $128,250.00 - $200,000.00 / year