JPMorgan Chase CCB-Risk-Consumer Credit Point of View-Emerging Risk -Associate in Plano, Texas
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
The Consumer and Community Bank (CCB) currently consists of a number of credit portfolios including Credit Card, Mortgage, Auto, 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 that is accountable for providing forward views on consumer credit across consumer businesses.
The CCB Credit Point of View (CPOV) - Associate will be accountable for researching credit across CCB portfolios to support the Chief Risk Officer and other senior leaders with a proactive viewpoint on consumer credit trends and emerging risks. The candidate will need to be more than an aggregator of views produced within line of business product teams and will need to be a strategic architect of compelling views of consumer and wholesale credit across CCB. Specific Responsibilities Include:
Assisting the analysis and interpretation of big data and its impact in both operational and financial areas
Evaluating how changes in the macroeconomic environment (including competitor trends) impact the performance of credit portfolios.
Leveraging the output of internal teams that can complement existing credit views such as internal cross product Chase data or JPM Institute for market implied views of credit.
Creating and monitoring different mechanisms of detecting emerging risks including but not limited to delinquency, loss and roll rate trends, forecast misses and breakages in correlations.
Partner with quantitative teams and the various lines of business to develop leading indicators of the credit cycle and to pick up on trends that could have a broader impact across credit portfolios.
Creating Outside-In views of consumer credit including partnerships with Credit Bureaus for off us Credit information and Econometric firms such as Moody’s.
Participate in forums to promote the dialogue around credit trends within the risk community at both the analyst and executive levels.
Document findings into compelling reports for senior management risk dialogue and escalation.
Contribute to next generation executive level communication with a variety of C-level audiences with respect to the credit risk outlook for all CCB lines of business
Credit risk experience in one or more consumer or small business credit portfolios
Ability to successfully engage technical/subject-matter-expert teams to work on problems together with a consumer or commercial orientation. The role will be dependent on product analytic teams to dig deeper into trends in their portfolios when these trends are detected at a more global level.
Demonstrated ability to innovate. Since a large part of the role will be working with teams such as Chase 360 (big data), as well as with quantitative teams, the person in the role must demonstrate open-mindedness and the willingness to explore new views and ways of evaluating the health of existing credit portfolios.
Possess data and analytic skills including the ability to pull data using SAS or SQL, manipulate big data into manageable data sets, and utilize analytic skills to identity and explain data trends.
The ability to conduct risk analyses and provide senior management with business insights of consumer credit quality and behavior trends, and portfolio performance.
Must have an orientation towards creating views and uncovering risks that drive action for CCB and JPMCB, i.e., the ability to focus on material measures of success for CCB Risk.
Executive communication skills, both verbal and written/presentation.
Ability to develop an auditable control framework for the research completed by the team
Econometric experience (e.g., competence in understanding key macro drivers of credit risk, customer behavior and lending strategy)
Quantitative experience (e.g., partnering with modelling or deep analytic teams to drive practical results and points of view)
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.