In order to search for jobs specifically for CAIA Charterholders or those pursuing the CAIA Charter please enter “CAIA” in the search panel.
This will enable you to search for CAIA specific roles globally.
The Firmwide Economic Scenarios & Analytics team within Global Finance oversees the development and distribution of the full set of economic assumptions used in the Firm's forecasting processes. The team collaborates with the Economics and Strategy Research teams, CFO/Financial Planning teams, Risk functions, and other corporate areas such as Investor Relations and the Regulatory Capital Management Office. Economic assumptions cover key US and global economic indicators, fixed income markets, equity markets, etc., and 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.
Overview & Responsibilities
The VP is expected to play an integral role in the development and growth of the team. The role can expect to have exposure to senior leaders, including but not limited to, the Firm's CFO and CRO and will have the opportunity to develop important managerial and analytical skills required to advance in the Finance organization. The VP will:
Support the design and execution of economic forecasts that make up the scenarios, working closely with key partners including suppliers of economic variables (JPM Economic/Strategy research teams or other experts) and users (Risk and Finance Lines of Business).
As a key part of the scenario design, analyze historical trends to independently assess the trajectories of prior economic and financial cycles, and the performance of various asset classes within those cycles.
Explain key elements of the scenarios and economic environment to primary stakeholders such as senior management, LOBs, and Risk, Finance and quantitative model development teams.
Lead communications and meetings across diverse functions, locations and businesses to facilitate discussions, drive priorities and ensure consensus among stakeholders and senior management. Examples of key stakeholders include lines of business, Investor Relations, CIB Research, Risk, Regulatory Capital Management Office and senior management within Risk and Finance
Manage enhancements to processes and assess the conceptual and financial soundness of strategic implementation following changes in regulatory or internal requirements, firmwide processes and / or emerging best practices
Oversee and participate in hands-on review of economic forecasting methodologies, documentation, process, and data to assess conceptual and financial soundness of the implementations, as well as compliance with rules and best practices.
Lead ad-hoc analysis as needed, e.g. evaluating Firm's exposure and sensitivity to key macroeconomic variables, and connecting macroeconomic drivers to emerging industry trends.
Monitor daily economic releases and events, and stay abreast of trends in equity markets, fixed income markets, mortgage markets, etc. and anticipate impacts to current economic assumptions and stress scenario design.
Bachelor's Degree preferably in Economics, Finance, or related field; Master's or Ph.D. a plus
8+ years of work experience, with a strong interest in Finance and / or Economics
Familiarity with econometric forecasting methods as well as macroeconomic and financial market data sources; strong Excel and Microsoft Office skills; knowledge of EViews or VBA or similar a plus
Exceptionally detail-oriented with the ability to synthesize large amounts of data, summarize key concepts and clearly articulate relevant conclusions
Excellent communication (verbal and written) skills, with the ability to prepare executive level presentations
Strong quantitative, analytical, and problem solving skills. Inquisitive nature, ability to ask right questions and escalate issues
Self-starter, able to work in a fast-paced, results-driven environment with a proven track record of execution against deliverables
Ability to multi-task in a fast paced environment with frequently changing priorities and to meet deadlines under pressure