Corporate - Firmwide Financial Analysis (FFA): Forecasting Analysis - Associate

Job description

JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .

The Financial Analysis Group is comprised of 4 teams responsible for partnering across the firm to provide financial and strategic analysis, central oversight and coordination of firmwide budgeting and forecasting, macroeconomic scenario design and distribution, and strategic program management and execution including the new Firmwide Forecasting Framework (F3).
· The Corporate Finance Analytics (CFA) team is responsible for partnering across the firm to provide financial and strategic analysis related to business performance, regulatory reform, capital generation and investment/distribution
· The Firmwide Planning & Analysis (FP&A) team is primarily responsible for leading and coordinating the firmwide budgeting and forecasting process, including the short- and longterm projection of earnings, balance sheet and capital over varying economic scenarios
· The Economic Scenario Management team centrally coordinates and develops the end-toend design, review and distribution of macroeconomic scenarios used in the firm's forecasting processes
· The Firmwide Forecasting & Analysis (FFA) team partners with Corporate and LOB Finance, Risk, and Technology teams to deliver a centralized, end-to-end, multi-purpose forecasting platform, Firmwide Forecasting Framework (F3), to drive automation efficiencies, consistency, transparency, and controls across the firm
Job Summary
Firmwide Forecasting and Analysis (FFA) sits within the CFO organization and is responsible for, in partnerships with Lines of Businesses and Technology, the design and implementation of JP Morgan's central, multipurpose forecasting engine, covering the entire balance sheet and P&L.
In this role, the person will review and analyze the current Budget and Stress forecasting process across all lines of business within JPMC. This position provides a rare opportunity for motivated candidates to participate in and understand the end-to-end process of financial forecasting including data collection, macroeconomic scenario design, model building, model review, forecasting, stress testing, reporting, working with LOBs and regulators and everything in-between. The candidate will have a unique opportunity to review the non-interest revenue forecast and methodologies as well as contribute to the automation of revenue forecasting throughout the firm.
The position involves interaction with many teams across the firm including LOBs and Corporate finance functions, model development, technology & operations, regulatory policy and audit. The ability to work efficiently and communicate effectively across these boundaries will be one of the keys to success.

Desired profile

Education

Degree in a Finance, Economics, Statistics, Engineering, Computer Science or related field; FRM, CFA, CPA certification a plus; Econometric modeling experience a plus.

Experience

· Strong analytical and problem solving skills

· Candidate must be a self starter who is able to work in a fast paced, results driven environment with limited supervision. Natural curiosity to learn about the financial industry and the current regulatory landscape

· Outstanding organizational, written and communication skills

· Ability to rapidly learn the intricacies of an unfamiliar process, structure and scope complex problems, apply a range of analytical tools, gain and synthesize insights, and develop actionable recommendations

· Comfortable handling large datasets; Strong Excel skills; Python/SQL/VB/Database experience a plus

· General understanding of a banking organization hierarchy and structure; Familiarity with current financial regulations

· 2 - 4 years work experience in financial analysis, risk management, or a related quantitative field. Recent Masters or PhD graduates will be considered.