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Cecl Loss Forecasting information

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.

What skills and qualifications are needed for a CECL loss forecasting analyst?

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 are common challenges 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 is the difference between Cecl Loss Forecasting vs Credit Risk Analyst?

AspectCecl Loss ForecastingCredit Risk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; familiarity with accounting standardsBachelor's degree in finance, economics, or related field; analytical skills
Work EnvironmentFinancial institutions, banks, or credit organizations focusing on loss estimationBanks, lending institutions, or credit agencies assessing borrower risk
Industry UsagePrimarily in banking and financial services for loan loss provisioningAcross 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.

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Cecl Loss Forecasting jobs near you
Infographic showing various Cecl Loss Forecasting job openings in the United States as of August 2026, with employment types broken down into 72% Full Time, 26% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution.

Firmwide Allowance Controller - Vice President

JP Morgan Chase

Brooklyn, NY • On-site

Full-time

Medical, Retirement

Posted 16 days ago

JPMorgan Chase & Co. rating

7.9

Company rating: 7.9 out of 10

Based on 500 frontline employees who took The Breakroom Quiz

77th of 174 rated banks

Job description

Job Summary

Bring your expertise to JPMorgan Chase. As part of Risk Management & 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 judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management & Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As the Firmwide Allowance Controller - Vice President in Risk Management - Risk Controllers - Firmwide Allowance team, you will focus on maintaining the integrity and accuracy of reporting and governance of the firmwide allowance for credit losses (ACL) results calculated under the Current Expected Credit Losses (CECL) accounting standard. This includes consolidating the ACL and Credit Costs across Consumer and Wholesale lines of business and managing reporting aspects, as well as the credit cost budget and forecast. You will also participate in other team responsibilities, such as maintaining allowance-related standards and preparing the CECL scenario weights assessment. This position offers the opportunity to collaborate with senior business leaders and stakeholders, contributing to strategic decision-making and financial excellence within the organization.

Job Responsibilities

  • Support the consolidation of allowance and credit costs across Consumer and Wholesale lines of business and contribute to executive-level presentations that effectively communicate the allowance story.
  • Create and maintain documentation and controls for all firmwide allowance deliverables so processes are executed in a controlled manner, and decisions are well-documented.
  • Write commentary explaining drivers for internal management reports, including credit costs outlook for the Executive Management Report and producing Peer Institution comparisons.
  • Collaborate closely with the Firmwide Economic Scenarios & Analytics (FESA) team to understand scenario narratives and macroeconomic forecasts.
  • Collaborate with Line of Business and Firmwide P&A teams to support the delivery of the Firmwide Credit Cost budget and forecast, including net charge-offs and changes in allowance.
  • Consolidate and analyze financial results to provide actionable insights to the Risk CFO.
  • Support the preparation of the CECL scenario weights assessment and contribute to the governance framework for firmwide allowance processes, driving alignment with auditor and regulator expectations.
  • Identify areas for improvement and apply best practices in the firmwide allowance process and governance framework.
  • Act as a trusted advisor and partner to stakeholders across the firm, including Investor Relations, SEC Reporting, Loss Forecasting, Controllers, Firmwide Economic Scenarios & Analytics (FESA), Lines of Business, and colleagues within Risk Management & Compliance.

Required Qualifications, Capabilities, and Skills

  • 6+ years of experience in Finance, Accounting, Financial reporting, or related fields.
  • Strong analytical and problem-solving skills, with attention to detail and a controls mindset.
  • Experience with allowance for credit losses under the CECL accounting standard.
  • Excellent communication skills, both written and verbal, with the ability to cater messages to senior-level audiences.
  • Ability to work under pressure while maintaining high-quality deliverables.
  • Strong organizational and project management skills, ability to manage multiple competing priorities and work under tight deadlines.
  • Works independently and proactively solves problems, leveraging strong interpersonal skills and effective collaboration across all levels.

Preferred Qualifications, Capabilities, and Skills

  • Background in financial reporting, planning and analysis, forecasting, product control, variance analysis, governance, or audit.
  • Interest in, and understanding of, the macroeconomic environment and emerging risks that could impact credit losses.
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. 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.

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

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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