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Card Credit Forecasting Associate

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JP Morgan Chase & Co.

17d ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance

AI generated summary

  • You need a relevant degree, 6+ years in credit risk analytics, proficiency in Python/SAS/SQL, advanced Excel/VBA skills, regulatory modeling knowledge, and experience with US consumer credit portfolios.
  • You will execute credit loss forecasting models, analyze results, collaborate across teams, conduct macro sensitivity analytics, manage automation, and ensure documentation for audits.

Requirements

  • A Bachelor's or Master's Degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required
  • Minimum 6 yrs of credit risk analytics, loss forecasting, statistical modeling, model execution and/or consulting experience
  • Proficient in programming languages like Python/SAS /SQL
  • Highly proficient in Microsoft Office suite of products (Advanced Excel, VBA and PowerPoint)
  • Strong analytical and problem solving skills with the ability to interpret large amounts of data and its impact in both operational and financial areas
  • Well-organized and structured with strong communication and presentation skills
  • Knowledge of regulatory modeling (IFRS9/CECL/CCAR)
  • Credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking)

Responsibilities

  • Execute credit loss forecasting models to forecast credit losses and allowance for the Chase Business Banking portfolio supporting regulatory exercises like CCAR, CECL, firmwide Risk Appetite and Budget
  • Involve in determining the loss forecasting results and levers. This information will be presented to executive management and other internal clients
  • Diagnose Model and liaison with modelling team to propose changes to model for accuracy at granular segments; Maintenance of existing models, identification of opportunities and issues, and proposing effective solutions
  • Participate in cross-functional communications with Risk Management, Finance, Marketing and Collections to inform the forecast on current learnings and incorporate strategic initiatives
  • Conduct macro sensitivity analytics, loss and allowance attribution, deep dives and story-boarding
  • Lead advanced analyses to assess relationships and patterns driving loss performance
  • Manage Process automation, using Excel / VBA and/or programming languages like Python/SAS
  • Spearhead best in class documentation for audit controls surrounding loss forecasting and reserves
  • Work on multiple projects with limited guidance

FAQs

What is the primary focus of the Card Credit Forecasting Associate role?

The primary focus is to execute credit risk loss forecasting models, diagnose model accuracy, and lead advanced analyses to assess relationships and patterns that impact loss performance within the Consumer Credit Forecasting team.

What qualifications are required for this position?

A Bachelor's or Master's Degree in a quantitative discipline (such as Finance, Stats, Econ, Math, or Engineering) is required, along with a minimum of 6 years of experience in credit risk analytics, loss forecasting, statistical modeling, model execution, or consulting.

What programming languages should candidates be proficient in?

Candidates should be proficient in programming languages such as Python, SAS, and SQL.

Is experience in regulatory modeling preferred for this role?

Yes, knowledge of regulatory modeling such as IFRS9, CECL, and CCAR is preferred.

What types of analyses will I be expected to conduct in this role?

You will be expected to conduct macro sensitivity analytics, loss and allowance attribution, deep dives, story-boarding, and lead advanced analyses to assess the drivers of loss performance.

Will I work independently or as part of a team?

You will be part of a core forecasting team but will also work on multiple projects with limited guidance.

What tools will I use in this position?

You will use Excel/VBA for process automation and may use programming languages like Python and SAS for analyses.

Are there opportunities for career development in this position?

Yes, this position offers an exciting opportunity to contribute to the team's success and develop skills in a fast-paced environment.

What kind of communication is involved in this role?

The role involves cross-functional communication with Risk Management, Finance, Marketing, and Collections to inform forecasts and incorporate strategic initiatives.

Does the company provide equal opportunity employment?

Yes, JPMorgan Chase is an equal opportunity employer and values diversity and inclusion in the workplace.

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JP Morgan Chase & Co.

Finance
Industry
10,001+
Employees
2000
Founded Year

Mission & Purpose

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. © 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Benefits

  • Healthcare and Insurance Plans

    Our employees are entitled to a variety of healthcare insurance plans, ranging from medical, dental and vision, to life and accident, disability, before-tax spending accounts, and group legal services.

  • Wellness Programs

    We are committed to providing employees with exceptional care — including arranging wellness screenings and assessment as well as access to health coaches, counseling, and guidance services for our employees.

  • Employee Programs

    Programs offered to eligible employees include parental leave, back-up child care services, flexible work options, matching gifts, discounts on banking services, electronics, arts and entertainment, fitness programs, travel and more.

  • Family Care

    We know how important your family's health is to you so we offer a variety of healthcare packages that cover you and your partner, your children and your parents.

  • Hybrid Working Model

    Dependent on the needs of the business and the nature of the role, JPMorgan Chase offers a hybrid work model for some roles, with at least three days on-site.