CCB Risk - Loss Forecasting Risk Analytics -VP Description : 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. - This is an exciting 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. All the aforementioned skills would be put to test while supporting firm's ability to accurately forecast credit losses, identifying early signs of credit risks and independently evaluating the performance of forecasting models. - 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 Business Banking Forecasting team which includes retail and wholesale BB portfolio. The 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 to assess the credit health of the portfolio and updating the business on any concerning trends. Team also provides support to the business with regular credit monitoring, reporting activities, developing insights and participating in forecast reviews. Process improvements and controls to ensure the accuracy and effectiveness of deliverables are continuous focus for the team - As the lead for BB Loss Forecasting team, you will be responsible to manage the team of forecasters and will be responsible for understanding the business functioning, get a very good understanding of forecasting models and be able to challenge the model output, enhance and support the loss forecasting function. As a people manager, you will be responsible to set team goals, work with business partners to ensure timely deliverables as well as initiate value add analytics. - Regular work would include developing analytical solutions to enhance forecasting accuracy like benchmark tools, overlay framework, CECL methodology among others. In this highly visible role, the successful candidate will actively help determine the loss forecasting results and drivers and hold conversations with modeling teams to understand the underlying assumptions and challenge model limitations, if any. This information will be presented to executive management and other internal clients. Responsibilities include : - Lead the high-performing team that leads advanced analyses to assess relationships and patterns driving loss performance and assess performance of existing models. - Analyze the impact of evolving standards such as Basel capital and CECL on forecast needs and business decisions. - Understand the functioning of forecasting models and be able to challenge the model by conducting independent model assessment. Coordinate closely with model development teams to provide business perspective and insights. - Understand how inputs and outputs are generated and ability to modify inputs and output for what if scenario or regression testing of the models. - Synthesize large volumes of data into actionable insights to influence business strategies for the Chase CCB Wholesale product - Documenting findings into compelling reports for senior management risk dialogue and escalation. - Presenting findings, recommendations and presentations to Senior Management. - Expected to work on multiple projects with limited guidance. - Effectively mentoring other analysts within same risk team and other risk teams to help them develop their risk management skills and knowledge. Qualifications : - Master's degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required - 8+ years of related analytical experience - Deep credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking) - Strong analytical, technical and statistical skills in to credit risk modeling and benchmarking. Ability to synthesize / analyze diverse information, develops recommendations, and makes decisions. - Project Management Skills - well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups. - Ability to develop an auditable control framework for the research completed by the team - Strong communication and interpersonal skills, ability to interact with individuals across departments / functions and with senior-level individuals. - 5+ years of SAS/R/Python programming experience (PC, UNIX or mainframe). - Highly proficient in Microsoft Office suite of products. JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Note : For your candidature to be considered on this job, you need to apply necessarily on the company's redirected page of this job. Please make sure you apply on the redirected page as well.

Bangalore

JP Morgan Chase - Vice President - Loss Forecasting Risk Analytics - Consumer & Community Bank Risk 

JP Morgan Chase - Vice President - Loss Forecasting Risk Analytics - Consumer & Community Bank Risk  ,Job Description for JP Morgan Chase - Vice President - Loss Forecasting Risk Analytics - Consumer & Community Bank Risk  in JP Morgan Chase in  Bangalore for (8-13) years of experience. Apply Now!

Job Description for JP Morgan Chase - Vice President - Loss Forecasting Risk Analytics - Consumer & Community Bank Risk  in JP Morgan Chase in  Bangalore for (8-13) years of experience. Apply Now!