Loss Forecasting Model Analytics Associate

1 week ago


Bengaluru Karnataka, India JPMorgan Chase Full time

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

Within the broader Consumer Credit Risk Management is the Loss Forecasting team. Our team provides reasonable forecasts of delinquencies, charge off and recovery of charged off assets throughout the year for Regulatory (CCAR and Risk Appetite), capacity planning and year-end budget in partnership with P&A, collections, recovery teams by means of various macro-economic scenarios. The team is also responsible for monitoring the health of the portfolio and updating stakeholders and senior management on emerging trends.

**Job responsibilities**
- Execute credit loss forecasting models to forecast credit losses and allowance for our product portfolio supporting regulatory exercises like CCAR, CECL, firmwide Risk Appetite and Budget
- Determine the loss forecasting results and levers. You will be required to present to senior management and other internal stakeholders
- Diagnose the Model parameters and liaison with modelling team to propose changes to model for accuracy at granular segments
- 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

**Required qualifications, capabilities, and skills**
- A Bachelor's or Master's Degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training
- Minimum 4 yrs of banking analytics, product / revenue analytics, FP&A, and/or consulting experience for a Associate role
- Minimum 2 yrs of banking analytics, product / revenue analytics, and/or consulting experience for Associate role
- Proficiency 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 either operational and financial areas
- Well-organized and structured with strong communication and presentation skills

**Preferred qualifications, capabilities, and skills**
- Working Knowledge of regulatory modeling (IFRS9 / CECL / CCAR)
- Credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Credit Card, Automotive, Business Banking, Wealth Management, Private Banking)
- Working knowledge of P&A, product analytics, statistical modeling, model execution

JPMorganChase, 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.



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