Bengaluru, Karnataka, India
1 day ago
Vice President - Card Loss Forecasting

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 Modeling Analytics – Vice President in the Credit Card Loss Forecasting within the Consumer & Business Banking (CCB) Risk Management group, you will be responsible for leading credit forecasting for the $220B credit card portfolio. This role requires leadership skills, strong data analytical knowledge, and skills to generate short- and long-term loss forecasts and perform attribution analysis. The role encompasses all aspects of loss forecasting, including CCAR, CECL, Budget, and Risk Appetite. This 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 

Support the end-to-end completion of quarterly allowance (CECL), annual CCAR, and quarterly Risk Appetite Lead a team of analysts and oversee their growth Identify key trends happening in the card portfolio and its impact on the losses and profitability and baseline and stress scenarios Support analytical tools for risk assessment and stress credit evaluations to support annual stress testing, the Risk Appetite framework, and strategy integrations Collaborate with the central loss forecasting team to manage process timelines and provide necessary information Work with Finance, Collections, and Risk Strategy to understand changes in the portfolio or strategies and apply overlays as needed Partner with the Risk Modeling team to ensure the model functions as desired and provide regular inputs for improvement Create and present forecasts to senior management with a clear storyline and data support Enhance consistency and efficiency across existing processes and reporting to meet the changing needs of the business Be a self-motivated manager with the ability to guide analysts, and work on multiple projects with limited guidance  Help spearhead best in class documentation and operational risk and audit controls surrounding the loss forecasting and LLR

Required qualifications, capabilities, and skills

A Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required. Advanced degree preferred 9+ years of Credit Risk Management, Statistical Modeling, Marketing Analytics and/or Consulting experience 1+ years of experience in managing a team 3+ years of related analytical experience. Strong knowledge of Python, SAS, SQL, and MS Office required. Strong analytical, interpretive, and problem-solving skills with the ability to interpret large data sets and their impact in both operational and financial areas. Excellent oral and written communication and presentation skills.

Preferred qualifications, capabilities, and skills

Advanced degree is preferred Strong P&L knowledge and understanding of drivers of profitability
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