Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? As a Consumer & Community Banking (CCB) Risk Credit Forecasting VP, you are associated with a team that is at the heart of the firm's financial strategy, driving pivotal processes around credit, capital, and climate risk.
We estimate future credit losses for the consumers and small businesses across our Auto, Business Banking, Credit Card, Home Lending, Wealth Management and International Consumer Bank (ICB) portfolios. We provide critical insights and analysis on our credit losses across a range of macroeconomic scenarios and monitor key emerging risks while partnering closely internal teams such as Finance and Strategy. Within the broader CCB Risk Credit Forecasting team is the Business Banking (BB) Credit Forecasting team that is accountable providing reasonable forecasts of delinquencies, charge off and recovery of charged off assets throughout the year for Regulatory (CCAR and Risk Appetite), capacity planning, and business planning exercises. The team is also responsible for monitoring the health of the portfolio and updating the business on any concerning trends.
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As a Business Banking Credit Forecasting -Vice President within the CCB Credit Forecasting team you will be responsible for the creation and ownership of Loss Models and Tools, be a primary liaison between Business and Credit Forecasting team, and leading analyses to assess the performance of our product portfolio. This role provides an exciting opportunity to contribute to our team's success and develop your skills in a fast-paced environment. You will be responsible for execution of the processes through analytical insights, predictive analysis and newer technology applications.
Job Responsibilities:
- Be a primary liaison between Business Banking Loss Forecasting and Business Partners (Finance, Strategy, Marketing, etc.)
- Lead the creation and ongoing performance and maintenance of Tools/Models for Loss impacts on Business Banking partner processes (pricing, origination strategy)
- Understand and develop creative estimates for risk forecasts out of scope of existing methodologies that have a material impact on the expected performance of the portfolio
- Monitor Business Banking Portfolio for insights into potential areas of improvement in processes to align with stated risk objectives
Required qualifications, capabilities, and skills:
- Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training
- Minimum 7+ on pricing, loss forecasting analytics, risk management and/or modeling experience.
- Experience in analytical languages (Python, SAS, etc) and relational databases (SQL, Snowflake, Teradata)
- Strong communication skills to present to and collaborate with business partners.
- Strong analytical, interpretive, and problem-solving skills, which will require the ability to synthesize / analyze diverse information and develop recommendations from observed outcomes
- Must have good judgment with the demonstrated ability to think creatively and strategically
- Provide information by assembling, interpreting, and summarizing data, preparing reports, making presentations of findings, along with analyses and recommendations to Senior Management
- Ability to create and own principal work streams that have major impacts on business health
ABOUT US
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Equal Opportunity Employer/Disability/Veterans
ABOUT THE TEAM
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.