Risk Management - Firmwide Allowance Controller - Executive Director

JPMorgan Chase

  • Brooklyn, NY
  • Permanent
  • Full-time
  • 1 month ago
Job Category: ControllerJob Description: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 an Executive Director in the Risk Management - Risk Controllers - Firmwide Allowance Controller team, you will lead a group dedicated to ensuring the governance, integrity, and accuracy of the firmwide allowance for credit losses (ACL) reporting, as calculated under the Current Expected Credit Losses (CECL) accounting standard. In this crucial role, your team will serve as the central point for consolidating ACL and Credit Costs, integrating results from both Consumer and Wholesale lines of business. You will oversee the preparation of the CECL scenario weights assessment, administer the ACL Committee co-chaired by the firm's CFO and CRO, uphold two allowance-related standards, and manage both external and internal reporting, including disclosures during earnings and in the 10K/Q. This position provides the opportunity to work closely with senior business leaders and stakeholders, influencing strategic decision-making and promoting financial excellence within the organization.Job ResponsibilitiesOversee the consolidation of ACL and credit costs across Consumer and Wholesale lines, developing executive-level presentations to communicate the allowance story effectively.Manage external and internal reporting, including earnings disclosures and 10K/Q, ensuring the integrity and validity of allowance and credit cost results.Create and maintain documentation and controls for firmwide allowance deliverables to ensure controlled execution and well-documented decisions.Write commentary on drivers of change in allowance for external disclosures and prepare internal management reports, including risk summaries for the Board Risk Committee.Partner with the FESA team to prepare the CECL scenario weights assessment, including sensitivities and executive-level proposals on emerging risk considerations.Collaborate with Line of Business and Firmwide P&A teams to deliver the Firmwide Credit Cost budget and forecast, including net charge-offs and allowance changes.Consolidate and analyze financial results to provide actionable insights to the Risk CFO.Manage the governance framework for firmwide allowance processes, aligning with auditor and regulator expectations, and efficiently operating the ACL committee.Work closely with the FESA team to understand scenario narratives and macroeconomic forecasts, assessing macroeconomic variable changes using MEV sensitivities.Drive accountability for allowance-related standards to meet CECL policy and CCAR requirements.Identify improvement areas and apply best practices in the firmwide allowance process and governance framework, acting as a trusted advisor to stakeholders across the firm.Required Qualifications, Capabilities, and Skills
  • 12+ years of experience in Finance, Accounting, Financial Reporting, or related fields.
  • Strong leadership skills and managerial experience.
  • Excellent presentation skills, including the ability to create executive-level content.
  • Effective writing skills with the ability to cater messages to senior-level audiences.
  • Responsible and accountable for deliverables and effective under pressure - while maintaining attention to detail and a controls mindset.
  • Strong organizational and project management skills, with an ability to manage multiple competing priorities and work under tight deadlines.
  • Works independently and proactively solves problems, leveraging strong interpersonal skills and effective collaboration across all levels.
  • Interest in, and understanding of, the macroeconomic environment and emerging risks that could impact credit losses.
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.
About Us:JPMorganChase, 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. 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 for more information about requesting an accommodation.JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/VeteransAbout the Team:Our 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.

JPMorgan Chase