CCB Risk – Forecasting Risk Analytics (Consumer Credit) – Associate Job Vacancy in JPMorgan Chase Bank, N.A. Bengaluru, Karnataka – Updated today
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Company Name : JPMorgan Chase Bank, N.A.
Location : Bengaluru, Karnataka
Position :
Job Description : The Consumer and Community Bank (CCB) currently consists of a number of credit portfolios including Credit Card, Mortgage, Auto, Student Loans, Business Banking and Dealer Commercial Services. The consumer business is supported by both Vertical Organizations (dedicated risk staff supporting a specific business) and Horizontal Organizations (staff that is accountable for working across businesses.) One of these Horizontal organizations is the Consumer Credit Forecasting team.
Within Consumer Credit Forecasting is the Credit Point of View team. Our team is accountable for detecting emerging risks within and across consumer products and Chase portfolios, leveraging multiple internal as well as external data sources to identify emerging risk patterns, and building industry viewpoints and areas of potential industry contagion.
We develop views across CCB portfolios to support the Chief Risk Officer (and other senior leaders including the firm CRO, CCB CFO, firm CFO, Investor Relations and Regulators) with a proactive viewpoint on consumer credit trends. The team is looking to staff a risk associate to fulfil a number of consumer credit responsibilities. The candidate is expected to bring a very strong credit risk experience to be able to analyze trends and come up with relevant conclusions and action items and summarize the findings into presentations ready for senior management.
Responsibilities include:
Understanding the broader picture of how the credit standards, competitive environment, consumer behavior and macro-economic health are connected to the underlying portfolio performance
Partnering with quantitative teams both in India and in the US across various lines of business to develop leading indicators of the credit cycle to pick up on trends that could have a broader impact across credit portfolios.
Summarize the findings from analytical projects into presentations for senior executives
Analyze the trends being generated by all of our monitoring tools and prepare summary decks with warnings, conclusions and possible action items
Conduct deep-dives on emerging trends and pro-actively share new insights with the team
Develop enhanced reporting through use of automation, if required, such as excel macros or SAS programming as needed
Keeping track of all metrics (delinquencies, roll rates, losses, etc.) for the portfolio
Manage ad hoc analysis; starting with identifying the opportunities and issues, collecting data, analysing and presenting the data
Actively participates in Requirements, Testing, and Quality Peer Review sessions
Presenting findings, recommendations and presentations to Senior Management.
Support all results through appropriate documentation
Effectively mentoring other analysts to help them develop their risk management skills and knowledge
Qualifications
Bachelor’s degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required; advanced degree is preferred
3+ years of related analytical experience
Good understanding of credit risk management in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking)
Strong technical skills. Ability to synthesize data and communicate to leadership in a concise and effective manner, both verbally and written
Focused attention to detail, analytical & inquisitive with high standards for quality and accuracy
History of effective multi-tasking, expectation setting, and escalation of issues, where appropriate
Project Management Skills – well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups
Strong communication and interpersonal skills, ability to interact with individuals across departments / functions and with senior-level individuals
Able to work effectively under pressure and in a rapidly changing environment in order to meet deadlines
Collaborative, team-oriented, passionate about supporting our internal / external clients
Self-starter, able to take the initiative and operate independently on a daily basis
Strong understanding of controls and dedicated to continuously improving processes
Exhibited leadership and desire to oversee the development of credit analysts in the team
Programming skills – SQL / Python || Data visualization – Tableau
Highly proficient in Microsoft Office suite of products (Excel and PowerPoint)
JPMorgan Chase & Co., 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 over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
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