JPMorgan Chase CCB- Risk Appetite/Credit Forecasting Strategy, Vice President in Wilmington, Delaware

JPMorgan Chase & Co . (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and foperations 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 www.jpmorganchase.com at http://www.jpmorganchase.com/

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.

Summary

The Consumer and Community Bank (CCB) currently consist 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 Risk Appetite/Credit Forecasting Strategy VP will be accountable for providing thought leadership and supporting analytics 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 CCB risk appetite and credit forecasting strategy. The role will need to be more than an aggregator of analytics and views produced within line of business product teams and will need to be a strategic architect of compelling analytics and evolution of our existing numerical frameworks for Risk Appetite, scenario analysis, Basel RWA analytics and Capital allocation implications to marginal risk.

Specific Responsibilities Include

  • Primary responsibility will be to provide technical thought leadership, strategy recommendations and supporting data/analytics to drive the overall CCB Risk approach to Risk Appetite.

  • The successful candidate will be able to communicate the Risk Appetite framework to various partners in CCB Risk, CCB Finance and other corporate functions.

  • The candidate will drive technical thought leadership and best practice adoption across each of the sub-LOB teams within CCB Risk.

  • Perform and drive advanced analyses and reporting to assess relationships and patterns driving Risk Appetite results both within and across the various LOBs (Mortgage, Card, Auto, Dealer Commercial Services and Business Banking)

  • Will be responsible for working with the sub-LOB and Corporate Risk Appetite teams to set and monitor Risk Appetite statements, develop and monitoring Key Risk Indicators(KRIs) and limits, develop and monitor concentrations limits, review stress testing results and assist in development and maintenance of appropriate policies, procedure, controls and governance of the risk appetite framework

  • Additional responsibilities will be to ensure consistency, along with appropriate differentiation, in the Risk Appetite framework across the Consumer Business

  • Develop strong partnership with the RWA modelling team and other reporting teams that exist in CCB Risk, CCB Treasury and RCMO.

  • Analyze and communicate results from Credit Risk Analytics that are dependent on capital. Review current credit risk evaluation methods for improvement and recommend enhancements as they relate to how capital is considered in the decision.

The candidate must have strong background in:

  • Analytical and project management-based frameworks (creative, risk taker, willing to think different, comfortable playing with data and challenging past methodological tenants)

  • Communicate and act like a Business General Manager (decisive, business oriented and quick)

  • Balanced and commercial perspective (risk management thinker who considers shareholder, regulator and customer stakeholder points of view)

  • Experience in a variety of economic environments and across consumer lending products

Qualifications:

  • MS degree in Statistics, Economics/Econometrics, Applied Economics, Risk Management, Decision Science, Finance, Operations Research, Mathematics (or equivalent quantitative field)

  • A minimum of 7 years of relevant analytics/modeling/risk strategy experience. Experience in statistical modeling a plus but not required;

  • Deep credit experience, in one or more consumer credit portfolios within a large heavily regulated banking environment

  • Strong analytical, interpretive and problem solving skills, which will require the ability to synthesize / analyze diverse information and develop strategy recommendations from observed outcomes.

  • Experience in advanced analytic techniques applied to customer and risk valuation, marketing ROI, design of experiment, and segmentation

  • Experience working in a matrix corporate environment

  • Written and oral communication skills must be strong, with an ability and demonstrated experience in clearly presented analytical findings

  • Demonstrated ability to innovate and provide strong thought leadership

  • Highly proficient in the following applications: Microsoft Excel and PowerPoint

  • Proficient in working with large data sets

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.