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 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.
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.
Within Consumer Credit Forecasting is the Card Loss Forecasting team. 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 monitoring the health of the portfolio and updating the business on any concerning trends.
As a Senior Analyst, in Loss Forecast and Portfolio Analytics team you will be working to provide oversight and drive production of the Credit Loss forecast and loan loss reserve(LLR) for all JP Morgan Chase Mortgage products
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.
Participate in cross functional communications with Risk Management, Finance, Marketing and Collections to inform the forecast on current learning's and incorporate strategic initiatives
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 and LLR
The points below have been carefully considered as being essential for the role. Your background must accurately reflect all of these, with or without a reasonable accommodation, for your application to be considered.
A bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required. Advanced degree preferred.
2+ years of Credit risk Management, Marketing Analytics and/or Consulting experience
Strong knowledge of SAS, SQL and MS Office required
Strong P&L knowledge and understanding of drivers of profitability
Ability to efficiently compress large amounts of data into short and concise presentations with sound business conclusions
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 skills
Ability to develop elegant and common-sense solutions to complex business challenges
Ability to structure analyses to solve business questions and problems
JPMorgan Chase is an equal opportunity and affirmative action employer M/F/Disability/Veteran
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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.