Card Loss Forecasting Vice President
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Job Location:
Columbus, NE - USA
Monthly Salary:
Not Disclosed
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
JPMorgan Chase & Co. is a global leader in financial services offering investment banking consumer and small business services commercial banking and asset management. Serving millions of consumers and top corporate clients the firm operates under the J.P. Morgan and Chase brands. The Chase Consumer & Community Banking division provides a wide range of financial services while the Credit Loss Forecasting team plays a crucial role in managing credit card portfolio health and risk assessment.
Chase Consumer & Community Banking (CCB)serves consumers and small businesses with a broad range of financial services including personal banking small business banking and lending mortgages credit cards payments auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify assess prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud reputation operational credit market and regulatory among others.
Within CCB Risk Management our Credit Loss Forecasting team is responsible for forecasts of credit card delinquencies charge-offs and recovery of charge off accounts for budget planning monthly outlook and Investor Day based on various macroeconomic scenarios and in partnership with P&A collections and risk strategy teams. This team is also responsible for monitoring the health of the credit card portfolio and updating stakeholders and senior management on emerging trends.
As a professional within the Card Loss Forecasting team you will be responsible for credit forecasting for the $220B credit card portfolio. This includes producing credit card delinquency and loss forecasts by portfolio segments and providing analytical insights to senior management. This role provides an exciting opportunity to develop your skills in a fast-paced environment. Financially credit card represents the majority of Chases consumer credit losses. As a result forecasted credit card losses are a focus of senior leaders regulators and investors as illustrated by the extensive coverage of card losses at Investor Day and quarterly earnings.
Job responsibilities
- Produce the credit card loss forecast for bank-wide budget including forecasts for several discrete segments including policy losses bankruptcy deceased and recoveries and reversals
- Build out analyze and modify origination vintage and product level forecasts
- Analyze and understand loss forecasting quantitative model output
- Work with Finance Modeling and Risk Strategy teams to understand changes in the portfolio model or strategies and apply adjustments as needed
- Create and deliver presentations and other summarizations for Executive Leadership
- Create and run sensitivity scenarios based on economic conditions and management direction
- Complete ah hoc analysis
- Monitor and present delinquency and loss forecasts to key line of business partners
- Create and validate regulatory reporting
- Provide insight for senior management via regular risk deep dives
- Demonstrate initiative and the ability to work on multiple projects with limited guidance while mentoring and coaching junior analysts to develop their risk management skills and finance knowledge.
Required qualifications capabilities and skills
- A Bachelors or Masters Degree in a quantitative discipline (Finance Accounting Business Stats Economics Math Engineering) or equivalent work/training
- Minimum 5 years of credit risk management loss forecasting statistical modeling model execution and/or consulting experience
- Minimum 7 years of related analytical experience
- Proficiency in Microsoft Office suite of products (Advanced Excel and PowerPoint)
- Credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage Credit Card Automotive Business Banking Wealth Management Private Banking) preferred
- Strong knowledge of Python SAS SQL preferred
- Strong analytical interpretive and problem solving skills with the ability to interpret large amounts of data and its impact in both operational and financial areas
- Excellent oral and written communication and presentation skills
Required Experience:
Exec
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans ov ... View more
