Vice President - Card Loss Forecasting
Vice President - Card Loss Forecasting
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Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Complianceyou 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 judgement to solve realworld challenges that impact our company customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box challenging the status quo and striving to be bestinclass.
As a Modeling Analytics Vice President in the Credit Card Loss Forecasting within the Consumer & Business Banking (CCB) Risk Management group you will be responsible for leading credit forecasting for the $220B credit card portfolio. This role requires leadership skills strong data analytical knowledge and skills to generate short and longterm loss forecasts and perform attribution analysis. The role encompasses all aspects of loss forecasting including CCAR CECL Budget and Risk Appetite. This is an exciting opportunity to work on highimpact strategy initiatives as they become the key focus of the firm and across the financial services industry. You will excel at creative thinking and problemsolving be selfmotivated confident and ready to work in a fastpaced energetic environment.
Job Responsibilities
- Support the endtoend completion of quarterly allowance (CECL) annual CCAR and quarterly Risk Appetite
- Lead a team of analysts and oversee their growth
- Identify key trends happening in the card portfolio and its impact on the losses and profitability and baseline and stress scenarios
- Support analytical tools for risk assessment and stress credit evaluations to support annual stress testing the Risk Appetite framework and strategy integrations
- Collaborate with the central loss forecasting team to manage process timelines and provide necessary information
- Work with Finance Collections and Risk Strategy to understand changes in the portfolio or strategies and apply overlays as needed
- Partner with the Risk Modeling team to ensure the model functions as desired and provide regular inputs for improvement
- Create and present forecasts to senior management with a clear storyline and data support
- Enhance consistency and efficiency across existing processes and reporting to meet the changing needs of the business
- Be a selfmotivated manager with the ability to guide analysts and work on multiple projects with limited guidance
- Help spearhead best in class documentation and operational risk and audit controls surrounding the loss forecasting and LLR
Required qualifications capabilities and skills
- A Bachelors degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required. Advanced degree preferred
- 9 years of Credit Risk Management Statistical Modeling Marketing Analytics and/or Consulting experience
- 1 years of experience in managing a team
- 3 years of related analytical experience.
- Strong knowledge of Python SAS SQL and MS Office required.
- Strong analytical interpretive and problemsolving skills with the ability to interpret large data sets and their impact in both operational and financial areas.
- Excellent oral and written communication and presentation skills.
Preferred qualifications capabilities and skills
- Advanced degree is preferred
- Strong P&L knowledge and understanding of drivers of profitability
Required Experience:
Chief
Employment Type
Full-Time
