Risk Management - Risk Modeling - Senior Associate
Risk Management - Risk Modeling - Senior Associate
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Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance you 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 real-world 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 best-in-class.
As a Risk Management - Risk Modeling - Senior Associate in the Consumer & Business Banking (CBB) Risk Management group you will be responsible for helping the larger Auto Loss Forecasting team by driving process and Governance excellence in designing high quality automated solutions to help analyze different risk metrics for each forecasting cycle and make certain bank wide governance is followed. The role is an exciting opportunity to work on high impact strategy initiatives as they become the key focus of the firm and across the financial services industry. You will excel at creative thinking and problem solving; be self-motivated confident and ready to work in a fast-paced energetic environment.
Job Responsibilities
- Lead production of the credit reserve loss forecast for Chases Auto Finance portfolio
- Analyze underlying reasons and quantification of emerging risk inclusive of macro-economic trends and industry risk
- Work with Finance Collections and Risk strategy to understand changes in the portfolio or strategies and apply overlays as needed
- Work with Risk modeling team to make sure model is working as desired and provide inputs for the improvement on a regular basis
- Create presentations for the senior management and present the forecast with a clear storyline and data support
- Enhance consistency and efficiency across existing processes and reporting to meet changing needs of the business
- Demonstrate self-motivation with the ability to work on multiple projects with limited guidance
- Mentor and coach junior analysts to help them develop their risk management skills and loss forecasting knowledge
- Partner closely with other strategy areas of Risk Modeling Marketing Finance Legal & Compliance to coordinate integration of risk appetite framework into credit reserve strategies
- Support launch of new products and channels by evaluating potential credit reserve scenarios given loss projections
- Support ongoing internal and external audits by maintaining strong controls and documentation
Required qualifications capabilities and skills
- 5 years of relevant loss forecasting statistical modeling credit risk management or related analytical experience
- Bachelors degree in a quantitative discipline (e.g. Finance Mathematics Statistics Economics) or related field
- Strong analytical and problem-solving skills
- Strong communication skills to present to and collaborate with business partners and model end-users and interpersonal skills a must including the ability to explain and/or present analysis
- Ability to think outside the box to tackle emerging risk and help influence and shape decisions for senior executives
- Data mining skills specifically: SAS SQL Python Excel Microsoft Office and database software applications
- Flexible and able to handle multiple tasks and a changing environment
- Independent decision-making skills
- Demonstrated experience in applying analytics to solve business problems efficiently and pragmatically through structured problem-solving approaches
Preferred qualifications capabilities and skills
- Prior financial services experience in credit card home lending or auto preferred
- Advanced degree considered
- Knowledge of consumer credit risk management; Auto business preferred
Required Experience:
Senior IC
Employment Type
Full-Time
