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, Chief Risk Officer, 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, rates, equities, FX and credit markets, real estate markets, etc. 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.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 rate, 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.Job Responsibilities:
Support the execution of macroeconomic forecasts that make up the scenarios, working closely with key forecasting partners (JPM Economics / Strategy research teams or other experts) and consumers of the scenarios (Risk and Finance Lines of Business)
Monitor and prepare commentary on economic releases and events, monitor evolving risks, stay abreast of trends in economics and financial markets, 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
Develop executive-level presentations for senior management, regulators, and internal stakeholders
Interact with and guide quantitative model development teams for the development and enhancement of macroeconomic forecasting methodologies
Lead ad-hoc analysis and conduct economic research as needed
Required Qualifications, Skills, and Capabilities:
Strong quantitative skills: Master's or Bachelor's degree preferably in Economics, Econometrics, Quantitative Finance, or related field; PhD is 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 with scenario design in the context of CCAR, and / or CECL is a plus
Experience in forecasting, statistical analysis or research on macroeconomic and / or financial variables would be considered a plus
Experience with programming languages / statistical software (e.g., EViews, Python, R, Excel VBA) is a plus and advanced Excel and Microsoft Office skills are required
Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM) is considered a plus
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/VeteransBase Pay/SalaryNew York,NY $83,600.00 - $112,000.00 / year