Firmwide Economic Scenarios- Vice President

Posted 6 Hours Ago
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New York, NY
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
The Vice President will lead scenario design and macroeconomic forecasting, executing forecasts and consulting with subject matter experts. Responsibilities include monitoring economic releases, facilitating communication among stakeholders, developing presentations for senior management, and guiding quantitative model development teams.
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Job Description
The Firmwide Economic Scenarios & Analytics team, part of the Office of the CFO, is responsible for creating macroeconomic scenarios for the Firm's forecasting processes. The VP will play a crucial role in scenario design and macroeconomic forecasting, interacting with key stakeholders and leading junior team members. This role offers exposure to senior leaders and the chance to develop essential leadership and analytical skills for advancement within the Firm.
As a Vice President in the Firmwide Economic Scenarios & Analytics team, you will play an integral role in the team's scenario design work and macroeconomic forecasting. You will directly execute forecasts for macroeconomic variables, consult with Subject Matter Experts, interact with and present to key stakeholders across Lines of Business (LoBs) in the Bank, and lead junior members of the team. 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.
Job responsibilities:

  • Lead 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)
  • 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
  • Lead communications and meetings across diverse functions, locations and businesses to facilitate discussions, drive priorities and ensure consensus among stakeholders and senior management
  • Develop executive-level presentations and explain key elements of the scenarios and economic environment to primary stakeholders including senior management across Lines of Business
  • 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, capabilities, and skills

  • Strong quantitative skills: Master's Degree in Economics, Econometrics, Quantitative Finance, or related field
  • 8+ 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
  • Experience with econometric forecasting methods, familiarity with macroeconomic and financial market data sources
  • Experience with programming languages / statistical software (e.g., EViews, Python, R) and advanced Excel and Microsoft Office skills
  • Excellent communication (verbal and written) skills, with the ability to prepare and present executive level presentations
  • Strong quantitative, analytical, and problem solving skills. Inquisitive nature, ability to ask the right questions and escalate issues
  • Self-starter, able to work and multi-task in a fast-paced, results-driven environment with a proven track record of executing against deliverables and meeting deadlines under pressure


Preferred qualifications, capabilities, and skills:

  • PhD is considered a plus
  • Experience with scenario design in the context of CCAR, CECL etc.
  • Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM)


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. 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About 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.

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The Company
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JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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