Risk Management - Risk Modeling - Senior Associate

JPMorgan Chase & Co.•Columbus, OH

42d•$95,000 - $164,000

About The Position

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.

Requirements

5+ years of relevant loss forecasting, statistical modeling, credit risk management or related analytical experience
Bachelor's 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

Nice To Haves

Prior financial services experience in credit card, home lending or auto preferred
Advanced degree considered
Knowledge of consumer credit risk management; Auto business preferred

Responsibilities

Lead production of the credit reserve loss forecast for Chase's 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