Firmwide Economic Scenarios - Analyst

Job Summary

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.

As part of Economic Scenarios & Analytics team you are expected to play a supportive role in the team’s scenario design work and macroeconomic forecasting including execution of forecasts for macroeconomic variables (e.g., GDP, unemployment, interest rates, credit spreads, equity indexes, FX, real estate prices, etc.). You will have the opportunity to develop important analytical skills and domain expertise 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 Economic / Strategy Research teams or other subject matter experts) and consumers of the scenarios (Risk and Finance Lines of Business).
• 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 projects 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., connecting macroeconomic drivers to emerging industry trends and economic developments
• 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, capabilities, and skills

• Strong quantitative skills: Bachelor’s degree or equivalent in a quantitative discipline is required – Economics / Econometrics / Quantitative Finance / Statistics / Engineering / Mathematics, etc.; PhD or Master’s is 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 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, results-driven environment with frequently changing priorities
• Works well individually and in teams, shares information, supports colleagues, and encourages participation
• Experience with programming languages / statistical software (e.g., EViews, Python, R, Excel VBA) is a plus and Excel and Microsoft Office skills are required

Preferred qualifications, capabilities, and skills

• Experience in forecasting and statistical analysis of macroeconomic and / or financial variables would be considered a plus
• Experience working with structural and semi-structural macroeconomic models (e.g., DSGE, FRB/US, NiGEM) is considered a plus
• Experience with scenario design in the context of CCAR, and / or CECL is a plus