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CCB-Risk-Card Loss Forecasting-Executive Director

Req #: 170086581
Location: Wilmington, DE, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.
 
Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
 Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
Within Consumer and Community Banking the Credit Card business is one of the largest contributors to the total credit risk of the business. The Credit Card  Forecasting team is responsible for Credit Loss forecasting, ALL Reserve process, and developing a Credit Point of view on credit and emerging trends. This includes baseline forecasting as well as CCAR and other stress forecasting and scenario work.
  • Work closely with Head of Card Loss Forecasting to drive technical thought leadership and best practice adoption on how forecasting should evolve to meet business, risk and regulatory needs.   
  • Work with a high-performing team that leads advanced analyses to assess relationships and patterns driving loss performance and assess performance of existing models
  • Responsible for working with the sub-LOB and Corporate Risk and Corporate Finance teams (incl. Controller teams) to drive and deliver on strategies.
  • Skillful at communicating key drivers of the loss forecasting model to both senior management as well as line of business executive management.
  • Manage cross functional communications with Risk Management, Finance, Marketing and Collections to inform the forecast on current learnings and incorporate strategic initiatives
  • Evaluate the impact of evolving standards such as Basel capital and CECL on forecast needs and business decisions
  • Development of best in class documentation and operational risk and audit controls surrounding card loss forecasting
  • Development of improved reporting frameworks that evolve with business needs and data infrastructure enhancements. 
  • *LI-POST
 
  • Must have experience with analytical and project management-based frameworks (creative, risk taker, willing to think different, comfortable playing with data and challenging past methodological tenants)
      • Balanced and commercial perspective (risk management thinker who considers shareholder, regulator and customer stakeholder points of view)
      • Experience in consumer lending
      • Strong Leadership Skill with the ability to think, communicate and act like a Business General Manager (decisive, business oriented and quick)
      • Good balance of the ability to manage people and processes and be hands on and get into the details
     
      • MS or PhD degree in Statistics, Economics/Econometrics, Applied Economics, Decision Science, Operations Research, Mathematics (or equivalent quantitative field)
      • A minimum of 10 years of relevant analytics/modeling experience. Experience  in statistical modeling, risk management and Business Insights in financial firm/credit card industry is preferred
      • Experience managing high-performing teams
      • Strong analytical, interpretive and problem solving skills, which will require the ability to synthesize / analyze diverse information and develop strategy recommendations from observed outcomes.
      • Experience in advanced analytic techniques applied to customer and risk valuation, marketing ROI, design of experiment, and segmentation
      • Written and oral communication skills to clearly present analytical findings and influence across all levels of the organization
      • Strong Leadership Skill with the ability to think, communicate and act like a Business General Manager (creative, risk taker, willing to think different, comfortable playing with data ,decisive, business oriented and quick)
      • Good balance of the ability to manage people and processes and be hands on and get into the details
      • Ability to influence across all levels of the organization
     
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