The Senior Associate will oversee CECL governance processes, ensure compliance with reporting standards, and facilitate communication among teams while preparing financial reports for regulatory bodies.
Job Description
Join JPMorganChase's Consumer and Community Banking (CCB) External Reporting team in a dynamic role working with the Credit Controller overseeing Current Expected Credit Loss (CECL) allowance governance processes across consumer sub-lines of business (LOB) encompassing automobile, credit card, business banking, and home loans. The team assists each sub-LOB controller and loss forecasting team in ensuring adherence to allowance reporting standards and works closely with credit risk modelers to ensure comprehensive consistent documentation across products including evidencing credible challenge cross sub-lines of business. As CECL is highly regulated, you will be responsible for effectively communicating the robustness of processes and governance to auditors and examiners to achieve strong review ratings.
As a Senior Associate on the Credit Controller team, you will ensure compliance with corporate and regulatory requirements while maintaining a sound control environment and adherence to allowance reporting standards. You will assist the Regulatory and SEC Reporting Controllers teams in ensuring compliance and accuracy of the CECL allowance on financial statements and filings with various regulatory bodies such as the Federal Reserve Bank, OCC, FDIC, and SEC. Your role includes preparing and reviewing reports, providing supporting information as required by external auditors or regulatory authorities, and engaging in strategic projects while enhancing your technical skills with tools like Alteryx, Tableau, and SQL.
Job Responsibilities
Required qualifications, capabilities, and skills
Preferred qualifications, capabilities, and skills
Additional Information
Applicants must be authorized to work for any employer in the U.S. We are not able to provide immigration sponsorship or take over sponsorship of an employment Visa at this time.
Final Job Grade level and corporate title will be determined at time of offer and may differ from this posting.
This role does not provide relocation assistance so all candidates must be local to the work locations listed in the job posting or willing to relocate on their own immediately upon hiring.
About Us
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
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.
Equal Opportunity Employer/Disability/Veterans
About the Team
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Join JPMorganChase's Consumer and Community Banking (CCB) External Reporting team in a dynamic role working with the Credit Controller overseeing Current Expected Credit Loss (CECL) allowance governance processes across consumer sub-lines of business (LOB) encompassing automobile, credit card, business banking, and home loans. The team assists each sub-LOB controller and loss forecasting team in ensuring adherence to allowance reporting standards and works closely with credit risk modelers to ensure comprehensive consistent documentation across products including evidencing credible challenge cross sub-lines of business. As CECL is highly regulated, you will be responsible for effectively communicating the robustness of processes and governance to auditors and examiners to achieve strong review ratings.
As a Senior Associate on the Credit Controller team, you will ensure compliance with corporate and regulatory requirements while maintaining a sound control environment and adherence to allowance reporting standards. You will assist the Regulatory and SEC Reporting Controllers teams in ensuring compliance and accuracy of the CECL allowance on financial statements and filings with various regulatory bodies such as the Federal Reserve Bank, OCC, FDIC, and SEC. Your role includes preparing and reviewing reports, providing supporting information as required by external auditors or regulatory authorities, and engaging in strategic projects while enhancing your technical skills with tools like Alteryx, Tableau, and SQL.
Job Responsibilities
- Assist the CCB Credit Controller in all facets of CCB's Current Expected Credit Losses (CECL) governance process.
- Maintain an appropriate CCB Allowance for Credit Losses by adhering to the Firm's Current Expected Credit Loss (CECL) policies and governance standards.
- Serve as the primary point of contact for inquiries related to CCB or Consumer Allowance, promoting collaboration and effective communication among CCB Finance Controllers, Credit Risk Loss Forecasting, Corporate Accounting Policy, Firmwide Risk Controllers, and SEC Reporting teams.
- Ensure strict control and governance processes across CCB, ensuring audit readiness at all times.
- Participate in quarterly sub-LOB and Firmwide Allowance governance meetings, actively engaging in and documenting the review and effective challenge of results.
- Document management's decision-making processes accurately, including drafting the quarterly CCB Allowance Memo.
- Review and edit sub-LOB Allowance Memos to ensure methodological consistency across teams and over time, while adhering to firmwide and CCB standards.
- Stay informed on economic research and contribute to the review and challenge of quarterly macro-economic variable projections produced by the Firmwide Economics and Scenario Analytics (FESA) team.
- Support the Regulatory and SEC Reporting Controllers teams in the preparation and review of financial statements and filings with regulatory bodies such as the Federal Reserve Bank, OCC, FDIC, and SEC, ensuring compliance and accuracy of the CECL allowance.
Required qualifications, capabilities, and skills
- Bachelor's degree in an analytical discipline
- 4+ years of experience in accounting, controller, audit and/or analytical roles
- Excellent verbal and written communication skills
- Strong presentation skills with the ability to build presentation decks
- Ability to break down and effectively explain complex topics to a variety of audiences
- Proficient with data aggregation and interpretation
- Experience collaborating across diverse disciplines with all levels of management
Preferred qualifications, capabilities, and skills
- Familiarity with CECL and other Bank regulatory reporting
Additional Information
Applicants must be authorized to work for any employer in the U.S. We are not able to provide immigration sponsorship or take over sponsorship of an employment Visa at this time.
Final Job Grade level and corporate title will be determined at time of offer and may differ from this posting.
This role does not provide relocation assistance so all candidates must be local to the work locations listed in the job posting or willing to relocate on their own immediately upon hiring.
About Us
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
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.
Equal Opportunity Employer/Disability/Veterans
About the Team
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Top Skills
Alteryx
SQL
Tableau
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