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CCOR - Firmwide Operational Risk Capital and Stress Team (FORCAST) Scenario Analysis - VP

Company: JPMorgan Chase & Co.
Location: Plano
Posted on: June 8, 2021

Job Description:

The Firmwide Operational Risk Capital and Stress Team (FORCAST) is an independent function responsible for the development and maintenance of the Firm's operational risk capital and stress testing framework. The role will be responsible for helping to manage and execute operational risk Scenario Analysis activities, working closely with key stakeholders including senior executives, subject matter experts and Risk ID leads from Line of Businesses, including Operational Risk Officers (OROs) for Lines of Business as well as the Corporate Legal team.

Responsibilities:

This role will be responsible for:

  • Helping to manage the end-to-end Scenario Analysis framework for Operational Risk
  • Risk identification process based on Firmwide Material Risk Inventory (MRI) in collaboration with Firmwide Risk ID team
  • Firmwide Risk Executive (FRE) Challenge - Operational Risk MRI completeness, comprehensiveness, and Firmwide consistency
  • Operational Risk Scenario Selection and Quantification
  • Identifying risk drivers for Operational Risk Scenarios
  • Preparation and analysis of pre-workshop reference data materials
  • Coordinating facilitating scenario analysis workshops/meetings with 1st and 2nd Lines of Defense SMEs to estimate loss impacts of different scenarios

  • Preparing and producing Scenario Analysis related presentations senior management
  • Contributing to CCAR/DFAST Stress Test regulatory submissions
  • Model Risk Validation Process - QM/Model documentation, review process, issue remediation
  • Collaborating with other partner teams

  • Contributing to the transformation of Scenario Analysis Quantifications
  • Structuring Operational Risk Scenarios
  • Risk driver estimation based on data and/or SME assessment
  • Scenario Analysis Quantification based on risk drivers

  • Contributing to the development of Machine Learning based approaches
  • Data preparation and R&D for Scenario Analysis/Risk Taxonomy mappings
  • Ideation of other new implementations of machine learning
  • Proper documentation

Qualifications:

  • Strong, effective presentation and communications skills - ability to understand, translate and present risk concepts to business partners in structured and organized manner
  • Structured and organized - ability to synthesize results and produce analysis that is effective from a business perspective
  • Strong quantitative/numerate skills - fluency in analytics; familiarity with statistical concepts would be helpful
  • Creative thinker and problem solver; ability to apply concepts to new situations
  • Ability to work with limited supervision and make independent decisions
  • Preferred - Working understanding of risk frameworks and/or stress testing, including scenario analysis, model risk review process is desired

Keywords: JPMorgan Chase & Co., Plano , CCOR - Firmwide Operational Risk Capital and Stress Team (FORCAST) Scenario Analysis - VP, Other , Plano, Texas

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