J.P. Morgan is a leading global financial services firm, established over 200 years ago:
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.
This is an exciting 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. All the aforementioned skills would be put to test while supporting firm’s ability to accurately forecast credit losses, identifying early signs of credit risks and independently evaluating the performance of forecasting models.
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 Wholesale Forecasting team which includes Business Banking and Dealer Commercial Service portfolios. Our team is accountable for providing reasonable forecasts of delinquencies, losses and loan loss reserves throughout the year for various purposes like regulatory stress tests (CCAR, ICAAP and quarterly Risk appetite), loss budget for P&A, collections staffing plans etc. The team is also responsible for defining Risk Appetite limits, monitoring the health of the portfolio and updating the business on any concerning trends.
As part of the Wholesale Loss Forecasting team, you will be reporting to the Wholesale Lead in India and will be responsible for providing oversight and driving production of the Credit Loss Forecast and Risk Appetite for JP Morgan Chase Business Banking & DCS portfolios. Team also provides support to the business with regular credit monitoring, reporting activities, developing insights and participating in forecast reviews. Process improvements and controls to ensure the accuracy and effectiveness of deliverables are continuous focus for the team. In this highly visible role, the successful candidate will actively help determine the loss forecasting results and drivers. This information will be presented to executive management and other internal clients.
The work schedule is Monday - Wednesday, 1 PM - 10 PM IST and Thursday - Friday, 11:30 AM – 8:30 PM IST
Master's degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required
4+ 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)
Strong analytical, technical and statistical skills. Ability to synthesize / analyze diverse information, develops recommendations, and makes decisions.
Project Management Skills -- well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups.
Ability to develop an auditable control framework for the research completed by the team
Strong communication and interpersonal skills, ability to interact with individuals across departments / functions and with senior-level individuals.
3+ years of SAS programming experience (PC, UNIX or mainframe).
Highly proficient in Microsoft Office suite of products.
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Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.
The firm invites all interested and qualified candidates to apply for employment opportunities.
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JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.