hero

Career Central

Connecting people since 1887
Leverage our network to build your career.
Tell us about your professional DNA to get discovered by any company in our network with opportunities relevant to your career goals.

Firmwide Economic Scenarios - Analyst

JPMorgan Chase & Co.

JPMorgan Chase & Co.

IT
London, UK
Posted on Monday, June 3, 2024

Job Description

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.

As an Analyst within The Firmwide Economic Scenarios & Analytics team, you will play a supportive 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.). You 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
  • Support preparation of executive-level presentations for senior management, regulators, and internal stakeholders
  • Interact with quantitative model development teams for the development and enhancement of macroeconomic forecasting methodologies
  • Support ad-hoc analysis and economic research as needed

Required Qualifications, Skills, and Capabilities:

  • Strong quantitative skills: Bachelor's degree preferably in Economics, Econometrics, Quantitative Finance, or related field; PhD or Master’s is considered a plus
  • Relevant 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 is a plus
  • 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
  • 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