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Associate - Business Management (Loss Forecasting)

Req #: 180030004
Location: Bangalore East, KA, IN
Job Category: Credit
Potential Referral Amount: 50000 Indian Rupee (INR)

J.P. Morgan is a leading global financial services firm, established over 200 years ago:

o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.

o We have assets of $2.5 trillion and operations worldwide

o We operate in more than 100 markets.

o 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 Centres (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centres provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.

 

This an excellent opportunity for an individual who thrives in a fast-paced and team-oriented environment where strong analytical skills, business acumen, and superior communication skills are leveraged to support our company's ability to accurately forecast our losses and identify early signs of credit risks.

The Consumer and Community Bank (CCB) currently consists of a number of credit portfolios including Credit Card, Mortgage, Auto, Student Loans, Business Banking and Dealer Commercial Services. The consumer business is supported by both Vertical Organizations (dedicated risk staff supporting a specific business) and Horizontal Organizations (staff that is accountable for working across businesses.) One of these Horizontal organizations is the Consumer Credit Forecasting team.

 

Within Consumer Credit Forecasting is the Central Strategy group.  Our team is accountable for detecting emerging risks within and across consumer products and Chase portfolios, innovating with new credit risk management tools such as machine learning techniques to identify emerging risk patterns, researching and implementing big data sources, and building industry viewpoints and areas of potential industry contagion. 

 

We develop views across CCB portfolios to support the Chief Risk Officer (and other senior leaders including the firm CRO, CCB CFO, firm CFO, Investor Relations and Regulators) with a proactive viewpoint on consumer credit trends. The team is looking to staff a risk associate to fulfil a number of consumer credit responsibilities. The candidate will support the Central Forecasting team across three functional areas: Emerging Risks, Financial Planning and Analysis, as well as Governance.  The key function will be crafting documentation and executive level presentations, as well as to manage a small team of analyst and associate functionally aligned to these areas. The role will require to assist in building executive communications by reviewing and consolidating complex risk and finance analytics for all of Credit Forecasting. The candidate will be the on-site lead providing support to two junior members focused on FP&A reporting and analysis as well as Governance support.

 

Responsibilities include:

  • Work closely with the Emerging Risk and Risk Innovation teams to build compelling presentations aimed at JP Morgan’s most senior executives including the CEO, CRO and CFO for JPMC and for Chase, as well as the Board of Directors, the Firm wide Risk Committee, regulators and others. Would include:

    • Crafting new presentations based on a project plan (topic, questions, answers, summary of findings) and data.

    • Consolidating many existing presentations into a single cohesive package where the themes and story are consistent.

    • Reducing large, expansive presentations into 1-2 page key message slides for including in packages going to senior leaders

  • Oversee the work product of two associates functionally supporting (a) Financial Planning and Analysis and (b) Governance who will similarly be writing or assembling documentation, summary presentations, memos, policies / procedures / standards / controls.

    • FP&A – summarizing forecast results across multiple products into an overall “Chase” view.  Standardizing the look of the materials across products (Mortgage, Auto, Card, Business Banking and Dealer Commercial Services). Ensuring all controls are followed, reviewing final output with management and receiving required approval

    • Governance – provide support to the loss forecasting leads in Mortgage, Auto, Card, Business Banking and Dealer Commercial Services to ensure that all governance requirements and best practices are being followed consistently across the broader team

  • Assisting in Project Management for audits and reviews conducted by parties such as Internal Audit, the Challenger Team, Self-Assessments, as well as external reviews as necessary 

The work schedule is Monday - Wednesday, 1 PM - 10 PM IST and Thursday - Friday, 11 AM – 8 PM IST  

  • Bachelor's degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required; advanced degree is preferred
  • 5+ years of related analytical experience
  • Deep credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking)
  • Knowledge of the Forecasting process, macroeconomics and finance preferred
  • Project Management Skills -- well-organized, structured approach.  Ability to manage and prioritize projects across cross-functional groups.
  • Experience in identifying key messages from large or complex analyses or existing presentations, and consolidate to an appropriate length given the target audience. Able to select the most compelling graphs or tables to support those key messages, or, have the ability to consolidate data to create new views to tell the story.
  • Focused attention to detail, analytical & inquisitive with high standards for quality and accuracy 
  • Strong understanding of controls and dedicated to continuously improving processes
  • Experience in building executive presentations, should possess a good, creative eye for crafting compelling, professional looking decks
  • High degree of independent decision making and autonomy
  • Able to work effectively under pressure and in a rapidly changing environment in order to meet deadlines
  • History of effective multi-tasking, expectation setting, and escalation of issues, where appropriate
  • Strong communication (both written and verbal) and interpersonal skills, ability to interact with individuals across departments / functions and with senior-level individuals. 
  • Collaborative, team-oriented, passionate about supporting our internal / external clients
  • Exhibited leadership and desire to oversee the development of credit analysts in the team
  • SAS & SQL programming experience (PC, UNIX or mainframe)
  • Highly proficient in Microsoft Office suite of products (Excel, Word and PowerPoint)
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