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JPMorganChase · 9 hours ago

Risk Management - Risk Modeling - Senior Associate

Plano, TX

Full-time

Onsite

Mid, Senior Level

$95K/yr - $164K/yr

5+ years exp

JPMorgan Chase is a leading financial services firm that focuses on helping customers achieve their financial goals. As a Senior Associate in Risk Management - Risk Modeling, you will be responsible for leading the credit reserve loss forecast for the Auto Finance portfolio and ensuring that bank-wide governance is followed while designing automated solutions for risk analysis.

Asset ManagementBankingFinancial Services

Growth Opportunities

No H1B

U.S. Citizen Only

Responsibilities

Lead production of the credit reserve loss forecast for Chase’s Auto Finance portfolio

Analyze underlying reasons and quantification of emerging risk inclusive of macro-economic trends and industry risk

Work with Finance, Collections, and Risk strategy to understand changes in the portfolio or strategies and apply overlays as needed

Work with Risk modeling team to make sure model is working as desired and provide inputs for the improvement on a regular basis

Create presentations for the senior management and present the forecast with a clear storyline and data support

Enhance consistency and efficiency across existing processes and reporting to meet changing needs of the business

Demonstrate self-motivation with the ability to work on multiple projects with limited guidance

Mentor and coach junior analysts to help them develop their risk management skills and loss forecasting knowledge

Partner closely with other strategy areas of Risk, Modeling, Marketing, Finance, Legal & Compliance to coordinate integration of risk appetite framework into credit reserve strategies

Support launch of new products and channels by evaluating potential credit reserve scenarios given loss projections

Support ongoing internal and external audits by maintaining strong controls and documentation

Qualification

Loss forecastingStatistical modelingCredit risk managementData miningAnalytical skillsIndependent decision-makingFlexible multitaskingCommunication skillsProblem-solving skillsInterpersonal skills

Required

5+ years of relevant loss forecasting, statistical modeling, credit risk management or related analytical experience

Bachelor's degree in a quantitative discipline (e.g. Finance, Mathematics, Statistics, Economics), or related field

Strong analytical and problem-solving skills

Strong communication skills to present to and collaborate with business partners and model end-users and interpersonal skills a must including the ability to explain and/or present analysis

Ability to think outside the box to tackle emerging risk and help influence and shape decisions for senior executives

Data mining skills, specifically: SAS, SQL, Python, Excel, Microsoft Office, and database software applications

Flexible and able to handle multiple tasks and a changing environment

Independent decision-making skills

Demonstrated experience in applying analytics to solve business problems efficiently and pragmatically through structured problem-solving approaches

Preferred

Prior financial services experience in credit card, home lending or auto preferred

Advanced degree considered

Knowledge of consumer credit risk management; Auto business preferred

Benefits

Comprehensive health care coverage

On-site health and wellness centers

A retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Company

JPMorganChase

Glassdoor4.0

With a history tracing its roots to 1799 in New York City, JPMorganChase is one of the world's oldest, largest, and best-known financial institutions—carrying forth the innovative spirit of our heritage firms in global operations across 100 markets.

Founded in 2000

New York, New York, USA

10001+ employees