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Associate - Core Modeling

Req #: 170108987
Location: Mumbai, MH, IN
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 35000 Indian Rupee (INR)

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.

 

 

 

Overview:

As a member of Consumer and Community Banking (CCB) Business Banking Modelling team, the individual will be responsible for:

  • Designing, developing, implementing, and validating statistical models/ segmentations/strategies for CCB risk, providing analytic support and developing new criteria and/or strategies for CCB credit risk management. 
  • The responsibilities include compiling appropriate data, applying multidimensional data aggregation, performing profile analysis  and evaluating impacts using optimization and/or classification algorithms.
  • Analyze and interpret financial data using SAS and other statistical software in UNIX environment.
  • Partner with internal teams to implement models/segments/tools into system and to support business execution and/or analytics on revenue growth and loss control will be responsible.
  •  Provide and present model results, insights and recommendation to senior management and partners using MS Office (i.e. PowerPoint, Word, and Excel).

JPMorgan Chase is an equal opportunity and affirmative action employer M/F/D/V.

  • Required Qualifications:
  • Minimum of 4+ years of relevant analytics/modeling experience. Financial industry experience in business banking / credit card / retail banking.
  • Advanced degree (master's or above) in a quantitative subject, such as Mathematics, Operations Research, Statistics, Economics or Finance.
  • Must have in-depth knowledge in applying regression methods, classification/decision tree algorithms, sequencing/association tools, pattern recognition and/or other fraud detection techniques for credit risk management decisions.
  • Strong data handling, interpretive, and problem solving skills with the ability to process large volume of  data and efficiently derive actionable results taking into consideration operational aspects and risk impacts
  • Experience in SAS and SQL in UNIX environment, database such as ORACLE/TERADATA
  • Excellent inter-personal and communication skills (both written and oral) are required, as the candidate will collaborate in a project-oriented environment in a matrix set up and present results to internal business clients and senior management.
  • The candidate should possess an understanding of the risk management practices of consumer lenders
  • The candidate should be able to handle projects with a minimum of oversight and supervision and should be able to make contributions
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JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.