J.P. Morgan is a leading global financial services firm, established over 200 years ago:
· We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
· We have assets of $2.5 trillion and operations worldwide
· We operate in more than 100 markets.
· We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million small businesses with a broad range of financial services through our 137,000 employees. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Our Risk Management professionals work directly with Consumer Banking, Business Banking, Auto/Student Loan, Card and Commerce Services, Chase Wealth Management and Mortgage Banking to minimize, monitor and control the probability of risk events and mitigate the impact of risk events that do occur.
Below Needs to be Changed
The Core Modeling Associate will develop consumer credit risk models in support of a portfolio of consumer financial service businesses, including consumer banking, business banking, mortgage banking, auto finance, student lending. The candidate will provide thought leadership and the needed technical expertise to deliver sophisticated stochastic and statistical models needed for loss and revenue forecasting, acquisition, collections, and financial crimes prevention and detection.
Main duties for the core modeler are:
Developing new risk models to help the Bank to improve risk management and to satisfy regulatory requirements
Continuously improving risk modeling tools and methods by enhancing data, including new risk characteristics and developing new algorithms.
Documenting and communicating modeling processes and model results to business, senior management, and internal/external independent review staff.