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 analyst to fulfil a number of consumer credit responsibilities. The candidate will help plan and execute the credit forecasting processes for business planning and stress testing. You will partner with Risk and Finance associates across the lines of business to deliver best-in-class reporting, ensuring that all reporting aligns to the control standards within CCB Risk. You’ll help transform data into clear, cohesive storylines for senior managers and drive continuous improvement of the process, controls and reporting quality.
The work schedule is Monday - Wednesday, 1 PM - 10 PM IST and Thursday - Friday, 11 AM – 8 PM IST
Deliver timely and accurate credit cost reporting which provides clear explanations of results, variances, and drivers
Coordinate budget, forecast and month-end credit cost reporting processes
Execute and enhance controls to insure accurate reporting
Develop enhanced reporting through use of automation, if required, such as excel macros or SAS programming as needed
Participate in ad-hoc analytics to support a range of projects and requests from senior management
Establish and develop business relationships with stakeholders & partners across CCB
Support all results through appropriate documentation
Presenting findings, recommendations and presentations to Senior Management
Effectively mentoring other analysts to help them develop their risk management skills and knowledge