Risk Management - Strategic Analytics Associate

JPMorgan Chase & Co.•Wilmington, DE

About The Position

As a Risk Management - Strategic Analytics Associate within Consumer & Community Banking Risk Management, you are responsible for the development and maintenance of Pescreen strategies across Consumer Card products. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment. 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.

Requirements

A Bachelor's degree in a quantitative discipline (Finance/Statistics/Economics/Mathematics/Operations Research) or equivalent work/training is required.
4+ years of risk management or financial services experience
Strong P&L knowledge and understanding of profit drivers.
Excellent oral and written communication skills.
Ability to develop common-sense solutions to complex business challenges.
Ability to logically structure analyses using strong analytical, interpretive, and problem-solving skills.
Ability to translate complex analysis into concise presentations with sound business conclusions.
Strong knowledge of SAS and SQL.
Familiarity with current analytical techniques, e.g. regression, decision trees and segmentation techniques
Ability to partner and collaborate to effectively drive change across functions and geographies

Nice To Haves

Master’s degree preferred.
4+ years of risk management or financial services experience, preferably in strategy development.
Preferred knowledge in Python.

Responsibilities

Conduct complex analysis to support consumer new account offer generation.
Develop and refine criteria that enhances the return on investment of consumer credit risk strategies.
Analyze risk inputs and conduct research and analysis of the performance and profitability of existing strategies while working to ensure adherence to regulatory based initiatives, procedural alignment with Risk Policy and a strong control environment.
Perform quantitative analysis of customer credit card behaviors, revenue drivers, and expense drivers to develop present value forecasts of various investment alternatives.
Manage the prioritization of technology investments through analysis and evaluation to predict and compare profitability of various enhancements in the pipeline.
Provide consistent framework to assess loss and profitability dynamics associated with credit decisions in normal as well as stressed economic scenarios.
Provide analytical support to the strategy teams in developing robust methodology, algorithm, and financially sound evaluation framework for credit risk strategies.
Utilize knowledge of risk modeling, profitability modeling, and relevant statistical knowledge to develop risk analysis framework that is consistent with the firm’s risk appetite framework.
Partner closely with other strategy areas of Risk, Marketing, and Finance to coordinate integration of risk appetite framework into credit strategies.