Loss Forecasting and Risk Analytics

2 weeks ago


Bengaluru, India JPMorgan Chase & Co Full time

**JOB DESCRIPTION**
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by monitoring new and emerging risks that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

The position is in the Consumer and Community Banking Risk’s Credit Forecasting team.

As an Associate in the Loss Forecast and Portfolio Analytics team, you'll work to provide oversight and drive production of the credit loss forecast and loan loss reserve(LLR) for all JPMorgan Chase & Co. credit cards.

This role requires strong quantitative and problem-solving skills and sound judgment to generate short
- and long-term loss forecast and attribution analysis. This requires you to be exceptionally organized, detail oriented and be ready to work in a fast-paced environment. This role touches few (regulatory and non-regulatory) aspects of loss forecasting such as CCAR, CECL, Budgets, and Risk Appetite. To be successful, you will possess the ability to work with and synthesize large amounts of data into actionable analysis and provide a point of view to senior Risk management. Additionally, you must be able to work with business partners to ensure timely deliverables.

**Responsibilities**:

- Analyze Credit Forecasting results and drivers.Execute and maintain Forecasting models and associated output
- Participate in development of models by providing business perspective and testing
- Synthesize large volumes of data into actionable insights
- Suggest consistency and efficiency across existing processes
- Document findings into compelling reports for senior management risk evaluation
- Present findings, recommendations and presentations that ultimately gets presented to Senior Management

**Required qualifications, capabilities, and skills**
- A Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training is required
- 3+ years of Credit Risk Management, Statistical Modeling and/or Data Analytics
- Strong knowledge of SAS, SQL and MS Office required. Knowledge in Python is preferred
- Foundational knowledge of P&L statement and understanding of drivers of profitability
- Strong analytical, interpretive, and problem-solving skills with the ability to interpret large amounts of data and its impact in both operational and financial areas
- Excellent verbal and written communication skills

**Preferred qualifications, capabilities, and skills**
- Knowledge of regulatory modeling (IFRS9/CECL/CCAR preferred)

**ABOUT US**

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.

**ABOUT THE TEAM**

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.


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