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 in the Risk Controllers - Firmwide Allowance Lead team within Risk Management, you will ensure the integrity and validity of risk data disclosed in the firm's external financial reporting. This includes quarterly earnings presentations, 10Q/K, and stand-alone legal entity financial statements. You will also oversee the firmwide allowance for credit losses governance and framework, including the reconciliation and substantiation of the allowance results. Your role will involve delivering insightful, high-quality analytics to senior stakeholders across Risk Management & Compliance and the Office of the Chief Financial Officer to facilitate informed decision making.

We are looking for a motivated Vice President to join the Allowance Controllers team as the Firmwide Allowance Lead. This position is responsible for managing the external financial reporting of the firm's allowance for credit losses, including telling the story and creating executive content, internal management reporting, understanding the economic environment and assessing emerging risks, and managing the firmwide allowance governance process.

Job responsibilities:

• Manage external financial reporting and internal management reporting of the firm's allowance for credit losses calculated under Current Expected Credit Losses, requiring the understanding of the allowance for the wholesale and consumer portfolios

• Write commentary to explain the drivers of allowance for the firm's external disclosures included in quarterly earnings materials and the 10Q/K

• Prepare internal management reporting of allowance, including the key risk summary report for the Board Risk Committee, credit costs outlook for the Executive Management Report, and allowance results for the Audit Committee

• Understand the current economic environment and identify economic indicators to assess emerging risks for the firm and the associated impact on allowance

• Perform sensitivity analysis on key inputs to the firm's allowance to inform decision making by senior management

• Develop executive level presentations that effectively tells the allowance story for the quarter and emerging risk considerations

• Maintain a strong governance framework for the firmwide allowance process, aligned with expectations from auditors and regulators

• Execute best practices in the management of senior level firmwide allowance governance meetings, from planning and preparation to the review and challenge of content to the documentation of meeting minutes

• Create and maintain documentation and controls of all firmwide allowance deliverables to ensure processes are executed in a controlled manner and decisions are well documented

• Identify areas of improvement and apply best practices in the firmwide allowance process and governance framework

• Act as trusted advisor and partner to stakeholders across the firm, including investor relations, SEC reporting, loss forecasting, controllers, lines of business, economic scenarios, internal audit, control management, and colleagues within Risk Management & Compliance

Required qualifications, capabilities, and skills:

• Strong leadership skills and managerial experience; advocate of diversity, equity, and inclusion

• Excellent presentation skills, including the ability to create executive level content

• Effective writing skills with the ability to cater the message to senior level audiences, proficient with writing procedures and documentation

• Responsible and takes accountability for deliverables, works well under pressure while maintaining great attention to detail and a controls mindset

• Curious and innovative mindset, with the courage to ask questions and challenge the status quo

• Strong organizational and project management skills, ability to manage multiple competing priorities and work under tight deadlines

• Ability to work independently and proactively solve problems; strong interpersonal skills and comfortable working with all levels

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

JPMorgan 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

Base Pay/Salary

Brooklyn,NY $123,500.00 - $200,000.00 / year