The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Experience developing models used for CECL, stress testing, underwriting, loss forecasting, or profitability analysis. * Experience supporting model validation activities and regulatory examinations.
Experience developing models used for CECL, stress testing, underwriting, loss forecasting, or profitability analysis. * Experience supporting model validation activities and regulatory examinations.
Principal Credit Risk Analyst
Chicago, IL · On-site
$119K - $204K/yr
Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors ...
Principal Credit Risk Analyst
Chicago, IL · On-site
$119K - $204K/yr
Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors ...
Principal Credit Risk Analyst
Chicago, IL · Hybrid
$119K - $204K/yr
Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors ...
Quick apply
Principal Credit Risk Analyst
Chicago, IL · Hybrid
$119K - $204K/yr
Drive the development of analytical frameworks and strategies for loan origination, loss forecasting, capital planning and CECL. Analyze data to identify the quantitative and qualitative factors ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Director Financial Analytics
Stamford, CT · On-site
$165 - $180/hr
Experience developing models used for CECL, stress testing, underwriting, loss forecasting, or profitability analysis. * Experience supporting model validation activities and regulatory examinations.
Director Financial Analytics
Stamford, CT · On-site
$165 - $180/hr
Experience developing models used for CECL, stress testing, underwriting, loss forecasting, or profitability analysis. * Experience supporting model validation activities and regulatory examinations.
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
Canton, OH · On-site
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
Canton, OH · On-site
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Senior Analyst, Credit Operations Modeling
$85K - $140K/yr
Plan and execute models in the production Reserves and Loss Forecasting process with a focus on CECL, as well as allied quantitative estimates such as recoveries and scenario management and stress ...
Cecl Loss Forecasting information
What are some common challenges faced by professionals in CECL Loss Forecasting roles, and how can they be addressed?
Professionals in CECL (Current Expected Credit Loss) Loss Forecasting often encounter challenges such as managing large volumes of complex data, keeping up with evolving regulatory requirements, and ensuring model accuracy under varied economic scenarios. To address these challenges, it's important to stay current with industry best practices, collaborate closely with cross-functional teams like risk management and IT, and engage in regular model validation and documentation. Leveraging advanced analytics tools and participating in ongoing training can also help professionals stay effective and compliant in this dynamic field.
What are the key skills and qualifications needed to thrive as a CECL Loss Forecasting Analyst, and why are they important?
To thrive as a CECL Loss Forecasting Analyst, you need strong quantitative analysis skills, knowledge of accounting standards (especially CECL), and a background in finance or statistics, often supported by a relevant degree. Proficiency with statistical modeling tools (such as SAS, R, or Python), data visualization platforms, and experience with financial reporting systems are typically required. Attention to detail, critical thinking, and clear communication are crucial soft skills for interpreting complex data and presenting findings to stakeholders. These skills and qualities ensure accurate loss forecasts, regulatory compliance, and informed decision-making within financial institutions.
What is the difference between Cecl Loss Forecasting vs Credit Risk Analyst?
| Aspect | Cecl Loss Forecasting | Credit Risk Analyst |
|---|---|---|
| Required Credentials | Bachelor's degree in finance, economics, or related field; familiarity with accounting standards | Bachelor's degree in finance, economics, or related field; analytical skills |
| Work Environment | Financial institutions, banks, or credit organizations focusing on loss estimation | Banks, lending institutions, or credit agencies assessing borrower risk |
| Industry Usage | Primarily in banking and financial services for loan loss provisioning | Across banking, lending, and credit sectors for risk assessment |
Cecl Loss Forecasting specializes in estimating expected credit losses using accounting standards like CECL, focusing on loss provisioning. Credit Risk Analysts evaluate borrower creditworthiness and assess risk, often using similar data but with a broader scope. While both roles require financial analysis skills, Cecl Loss Forecasting is more focused on loss estimation models, whereas Credit Risk Analysts handle overall credit risk assessment.
What is CECL loss forecasting?
CECL loss forecasting refers to the process of estimating credit losses under the Current Expected Credit Loss (CECL) accounting standard. This involves projecting future credit losses for financial assets such as loans, based on historical data, current conditions, and reasonable forecasts. CECL requires institutions to recognize expected lifetime losses at the time of asset origination or purchase, rather than waiting for losses to become probable. Accurate CECL loss forecasting helps banks and lenders maintain appropriate reserves and comply with regulatory requirements.
More about Cecl Loss Forecasting jobs
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What job categories do people searching Cecl Loss Forecasting jobs look for? The top searched job categories for Cecl Loss Forecasting jobs are:
Full-time
Medical, Retirement
Re-posted 16 days ago
JPMorgan Chase & Co. rating
8.0
Based on 492 frontline employees who took The Breakroom Quiz
72nd of 170 rated banks
Job description
Bring your expertise to JPMorgan Chase. As part of Risk Management and 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 judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Modeling Analytics - Senior Associate in Credit Card Loss Forecasting, you will be responsible for leading credit forecasting for the $240B credit card portfolio. This role requires strong data analytical knowledge and skills to generate short- and long-term loss forecasts and perform attribution analysis. The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budgets, and Risk Appetite. This is an exciting opportunity to work on high-impact strategy initiatives as they become the key focus of the firm and across the financial services industry. You will excel at creative thinking and problem-solving, be self-motivated, confident, and ready to work in a fast-paced, energetic environment.
Job Responsibilities
- Support the end-to-end completion of annual CCAR and quarterly Risk Appetite
- Support analytical tools for risk assessment and stress credit evaluations to support annual stress testing, the Risk Appetite framework, and strategy integrations
- Collaborate with the central loss forecasting team to manage process timelines and provide necessary information
- Work with Finance, Collections, and Risk Strategy to understand changes in the portfolio or strategies and apply overlays as needed
- Partner with the Risk Modeling team to ensure the model functions as desired and provide regular inputs for improvement
- Create and present forecasts to senior management with a clear storyline and data support
- Enhance consistency and efficiency across existing processes and reporting to meet the changing needs of the business
- Be a self-motivated individual with the ability to work on multiple projects with limited guidance
- Help spearhead best-in-class documentation and operational risk and audit controls surrounding the CCAR and Risk Appetite Process
Required qualifications, capabilities, and skills
- Master's/Bachelor's degree in a quantitative discipline (Finance/Statistics/Economics/Mathematics/Engineering) from an accredited college/university required
- 1+ years of experience in Credit Risk Management, Statistical Modeling, Marketing Analytics, and/or Consulting
- 3+ years of related analytical experience
- Strong knowledge of Python, SAS, SQL, and MS Office required
- Strong analytical, interpretive, and problem-solving skills with the ability to interpret large data sets and their impact in both operational and financial areas
- Excellent oral and written communication and presentation skills
Preferred qualifications, capabilities, and skills
- Advanced degree is preferred
- Strong P&L knowledge and understanding of drivers of profitability
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
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 FAQs for more information about requesting an accommodation.
Equal Opportunity Employer/Disability/Veterans
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
What JPMorgan Chase & Co. employees say
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Benefits
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About JPMorgan Chase & Co
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Industry
Finance and insurance and banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
New York, NY, US