JOB DESCRIPTION
Description
The Firmwide Economic Scenarios & Analytics team within the Office of the Chief Financial Officer oversees the development and distribution of macroeconomic scenarios used in the Firm's forecasting processes. The team collaborates with the Economics and Strategy Research teams, Risk functions, Chief Financial Officer/Financial Planning teams, and other corporate areas such as Investor Relations and Capital Management. The scenarios cover key U.S. and global macroeconomic indicators, fixed income markets, equity markets, etc., and accordingly, a broad knowledge base across economics and finance is essential. The team develops scenarios across a range of potential economic backdrops which are distributed Firmwide.
Job Responsibilities:
The Associate is expected to play an integral role in the team’s scenario design work and macroeconomic forecasting including directly executing forecasts for macroeconomic variables (e.g., GDP, unemployment, monetary policy and market interest rates, credit spreads, equity indexes, FX rates, etc.). The role can expect to have some exposure to senior leaders, and will have the opportunity to develop important leadership and analytical skills required to advance in the Firm. The Associate will:
- Support the execution of macroeconomic forecasts that make up the scenarios, working closely with key forecasting partners (JPM Economic/Strategy Research teams or other subject matter experts) and consumers of the scenarios (Risk and Finance Lines of Business). Experience with scenario design, CCAR, and/or CECL a plus
- Monitor and prepare commentary on economic releases and events, and stay abreast of trends in equity markets, fixed income markets, mortgage markets, etc. and anticipate implications for macroeconomic forecasting and scenario design
- Manage multiple project workstreams as well as inbound questions, deliverables, and ad-hoc requests, with an emphasis on accuracy and timeliness of meeting deliverables on prescribed timelines
- Support ad-hoc analysis as needed, e.g. evaluating the Firm’s exposures and sensitivities to key macroeconomic variables, and connecting macroeconomic metrics to emerging industry trends
- Develop executive-level presentations for Investor Relations, senior management, regulators, and internal stakeholders
- Support the development, enhancement, and documentation of macroeconomic forecasting methodologies
Required Qualifications, Skills, and Capabilities:
- Strong quantitative skills: Bachelor's degree or equivalent in a quantitative discipline a plus - Economics / Econometrics / Quantitative Finance / Statistics / Engineering / Mathematics, etc.; PhD or Master's are considered a plus
- 3+ years of work experience in research / forecasting / business analytics for a leading financial institution / central bank, consulting firm or similar, with a strong background / interest in economics
- Exceptionally detail-oriented with the ability to synthesize large amounts of data and various viewpoints, summarize key concepts, and clearly articulate relevant conclusions
- Excellent organizational and communication (verbal and written) skills
- A proven track record of executing against deliverables and meeting deadlines under pressure
- Self-starter, with an ability to multitask in a fast-paced, environment with frequently changing priorities
- Works well individually and in teams, shares information, supports colleagues, and encourages participation
Preferred Qualifications, Skills, and Capabilities:
- Experience in an analytical or research role focused on international economics is considered a plus
- Experience with programming languages / statistical software (e.g., EViews, Python, R) and advanced Excel and Microsoft Office skills is a plus
- Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM) is considered a plus
#LI-Hybrid
ABOUT USJPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.
Equal Opportunity Employer/Disability/Veterans
ABOUT THE TEAMOur professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.