Wholesale Credit Risk Associate - Stress Testing
About The Position
As a Wholesale Credit Risk Loan Loss Forecasting Associate in the Commercial & Investment Bank Risk organization, you will play a critical role in shaping the integrity and quality of the firm's wholesale credit loan loss estimates — spanning over $1 trillion in client exposure across diverse lines of business and industry segments. You will collaborate with senior executives and partners across Risk, Finance, and the broader firm to deliver high-quality analytics and methodology insights that inform quarterly allowance and stress testing exercises. You will be part of a diverse, talented, and global team where your ideas are welcomed, your voice matters, and your work has direct, measurable impact on firmwide risk and finance programs.
Requirements
- Bachelor's degree in Business, Finance, Accounting, or a related field
- 3+ years of experience within the financial services industry
- Familiarity with Commercial and Industrial and Commercial Real Estate loans and lending-related commitments
- Knowledge of CECL credit loss accounting standards
- Knowledge of the CCAR regulatory framework and stress testing requirements
- Demonstrated ability to collaborate across diverse groups, build consensus, and execute on agreed plans while managing multiple concurrent workstreams in a fast-paced environment
- Strong oral and written communication skills, including the ability to distill complex topics into clear, concise messaging for senior management
- Proficiency in Microsoft Excel, PowerPoint, and other Office applications
Nice To Haves
- Advanced degree (e.g., MBA, Master's in Finance, Economics, or a quantitative discipline) or professional certification such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM)
- Hands-on experience with quantitative credit risk modeling or model validation within a wholesale lending environment
- Experience working within a large, matrixed financial institution across Risk, Finance, or related functions
- Proficiency in data analysis and visualization tools such as Tableau or Alteryx
- Familiarity with regulatory reporting frameworks and external financial disclosures related to credit loss estimation
Responsibilities
- Review top-level and loan-level allowance and stress testing results for reasonability, accuracy, and alignment with portfolio trends
- Assess risks and support estimation of qualitative loan loss reserves, incorporating management judgment, industry data, and emerging or idiosyncratic risk factors
- Calculate, analyze, and communicate key modeling parameters — including Probability of Default, Loss Given Default, Exposure at Default, and Rating Migration — and translate these into actionable loss estimates
- Develop and continuously deepen expertise in allowance and stress testing estimation processes, informing methodology across CECL and CCAR forecasting exercises
- Take part in portfolio trend and sensitivity analyses across macroeconomic scenarios, portfolio stress tests, and assumption changes to support strategic decision-making
- Prepare and present materials to senior management and firmwide stakeholders, tailoring messaging and level of detail to diverse audiences
- Collaborate across lines of business and with partners in Corporate Finance, External Reporting, Quantitative Research, Model Risk, and Technology to drive consensus and execute on shared objectives
Benefits
- Comprehensive health care coverage
- On-site health and wellness centers
- Retirement savings plan
- Backup childcare
- Tuition reimbursement
- Mental health support
- Financial coaching
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
