At a Glance
- Tasks: Join a team to analyse and forecast loan losses across global legal entities.
- Company: Dynamic financial institution focused on innovative risk solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with exposure to senior management and diverse teams.
- Why this job: Make a real impact in financial risk management while developing your analytical skills.
- Qualifications: Experience in IFRS 9 modelling and a degree in Economics, Finance, or STEM.
The predicted salary is between 60000 - 80000 € per year.
Overview
The Legal Entity Loss Forecasting team provides solutions to legal entities, including capital and stress loss assessment to assist Internal Capital Assessment Adequacy Process (ICAAP), regulatory prescribed exercise, climate stress testing. The team recently expanded its scope to lead IFRS 9 production.
Job responsibilities
- Participate in the production of IFRS 9 for JPMC's legal entities in EMEA, APAC and LATAM regions
- Participate in the building/enhancement of loss forecasting frameworks
- Leverage the firm's infrastructure to perform quantitative analysis on the legal entities portfolio
- Support the production of regulatory stress testing exercises, risk appetite and credit limit exercises as well as ad-hoc portfolio analytics asks
- Collect data from various sources, synthesize the information, perform analysis, and interpret results in order to assist in making recommendations which impact legal entities
- Prepare and present reports on risk analytics to technical and non-technical audiences as well as Senior Management audiences
- Get familiar with the various regulatory requirements governing our legal entity strategy and determine how to optimize our approach to stress testing
- Develop knowledge about the various stress testing platforms including ICAAP, IFRS9
- Exploit your critical thinking and problem solving skills daily to drive results
- Partner closely with Legal Entity Credit Risk, Finance, Quantitative Research and Technology, centrally and within legal entities, to assist in the understanding and enhancement of existing wholesale loan stress models
Required qualifications, capabilities and skills
- Experience in IFRS 9 modelling
- Bachelor's degree in Economics, Finance, Math/Statistics or other STEM majors
- Good understanding of
Wholesale Credit Risk, Loan Loss Forecasting, IFRS 9 Associate/Vice President in London employer: CFA Institute
As a leading financial institution, we pride ourselves on fostering a dynamic and inclusive work environment that encourages innovation and professional growth. Our team in the Legal Entity Loss Forecasting group is dedicated to providing impactful solutions while offering employees opportunities for continuous learning and development, particularly in the evolving fields of IFRS 9 and risk analytics. Located in a vibrant city, we offer competitive benefits and a collaborative culture that values diverse perspectives, making us an excellent employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Wholesale Credit Risk, Loan Loss Forecasting, IFRS 9 Associate/Vice President in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. We recommend practising common interview questions and even doing mock interviews with friends. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Showcase your skills! Bring along examples of your work or projects that relate to the role. We want to see how you think and solve problems, especially in areas like IFRS 9 modelling and risk analytics.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Wholesale Credit Risk, Loan Loss Forecasting, IFRS 9 Associate/Vice President in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Wholesale Credit Risk role. Highlight your experience with IFRS 9 modelling and any relevant quantitative analysis skills. We want to see how your background fits perfectly with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Be sure to mention your understanding of regulatory requirements and stress testing platforms.
Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical skills. Provide examples of how you've collected and interpreted data in past roles. We love seeing critical thinking in action, so make it clear how you’ve driven results before!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at CFA Institute
✨Know Your IFRS 9 Inside Out
Make sure you brush up on your knowledge of IFRS 9 modelling. Be prepared to discuss how it impacts loan loss forecasting and the regulatory landscape. Familiarity with the latest updates and practical applications will show that you're not just knowledgeable but also genuinely interested in the role.
✨Quantitative Analysis is Key
Since the role involves a lot of quantitative analysis, practice explaining complex data in simple terms. Prepare examples from your past experiences where you've successfully analysed data and made recommendations based on your findings. This will demonstrate your analytical skills and ability to communicate effectively.
✨Understand the Regulatory Environment
Get familiar with the regulatory requirements that govern the legal entity strategy. Research the specific regulations relevant to the regions you'll be working in (EMEA, APAC, LATAM). Showing that you understand these regulations will highlight your readiness to contribute to the team’s objectives.
✨Prepare for Technical and Non-Technical Audiences
You’ll need to present reports to both technical and non-technical audiences, so practice tailoring your communication style. Think of examples where you've had to adjust your presentation based on your audience's expertise. This will showcase your versatility and ability to engage with diverse stakeholders.
