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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, Risk functions, 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, fixed income markets, equity markets, etc., and 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:

The Associate is expected to play an integral role in the team’s scenario design work and macroeconomic forecasting including directly executing forecasts for macroeconomic variables (e.g., GDP, unemployment, monetary policy and market interest rates, credit spreads, equity indexes, FX rates, etc.). The role can expect to have some exposure to senior leaders, and will have the opportunity to develop important leadership and analytical skills required to advance in the Firm. The Associate will:

• Support the execution of macroeconomic forecasts that make up the scenarios, working closely with key forecasting partners (JPM Economic/Strategy Research teams or other subject matter experts) and consumers of the scenarios (Risk and Finance Lines of Business). Experience with scenario design, CCAR, and/or CECL a plus

• Monitor and prepare commentary on economic releases and events, and stay abreast of trends in equity markets, fixed income markets, mortgage markets, etc. 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 ad-hoc analysis as needed, e.g. evaluating the Firm’s exposures and sensitivities to key macroeconomic variables, and connecting macroeconomic metrics to emerging industry trends

• Develop executive-level presentations for Investor Relations, senior management, regulators, and internal stakeholders

• Support the development, enhancement, and documentation of macroeconomic forecasting methodologies

Required Qualifications, Skills, and Capabilities:

• Strong quantitative skills: Bachelor's degree or equivalent in a quantitative discipline a plus - Economics / Econometrics / Quantitative Finance / Statistics / Engineering / Mathematics, etc.; PhD or Master's are considered a plus
• 3+ 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
• 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
• A proven track record of executing against deliverables and meeting deadlines under pressure
• 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 in an analytical or research role focused on international economics is considered a plus
• Experience with programming languages / statistical software (e.g., EViews, Python, R) and advanced Excel and Microsoft Office skills is a plus
• Experience working with structural and semi-structural macroeconomic forecasting models (e.g., DSGE, FRB/US, NiGEM) is considered a plus

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