This position will be tasked to take up critical loss forecasting analytics and reporting for the CCAR, CECL, Budget and Risk Appetite processes, as well as to bring about improvements in the overall forecasting process using business knowledge as well as advanced analytics and reporting techniques.
Job Responsibilities:
- Execute on several loss forecasting models with accuracy and deep understanding about the inputs.
- Conduct advanced analytics to interpret the loss forecasting results and drivers. This information will be presented to executive management and other internal stakeholders.
- Participate in cross-functional communications with Risk Management & Finance to explain the forecasted losses and accordingly align the business strategies of other teams.
- Lead advanced analyses to assess relationships and patterns driving loss performance
- Produce the loss forecast and maintenance of associated loss models
- Help spearhead best in class documentation and operational risk and audit controls surrounding the loss forecasting process
- Create or update dashboards to support regular portfolio health assessment
- Support internal and external audit requirements for the in-house loss forecasting models at regular intervals.
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Required qualifications, capabilities, and skills
- A Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required.
- 3+ years of Credit Risk Management, Statistical Modeling, and/or Consulting experience
- Strong knowledge of Python, SAS, SQL and MS Office required
- Strong analytical, interpretive, and problem solving skills with the ability to interpret large amounts of data and its impact in both operational and financial areas
- Excellent oral and written communication and presentation skills
Preferred qualifications, capabilities, and skills
- Knowledge of regulatory modeling (IFRS9/CECL/CCAR preferred)
- Knowledge of Home Lending industry in USA
ABOUT US
JPMorganChase, 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. 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.
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.