Credit Risk Loss Forecasting

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.
As an Associate in the Consumer Credit Forecasting team, you will be executing credit risk loss forecasting models, diagnosing model accuracy, and leading advanced analyses to assess relationships and patterns that promote loss performance. Your role will also involve managing process automation and leading the documentation for audit controls surrounding loss forecasting and reserves. This position offers an exciting opportunity to contribute to our team's success and develop your skills in a fast-paced environment.

Within Consumer Credit Forecasting is the Business Banking Loss Forecasting team. Our team is accountable for model execution and providing reasonable forecasts of delinquencies, charge off and recovery of charged off assets throughout the year for Regulatory (CCAR and Risk Appetite), capacity planning, business planning exercise such as year-end budget and mid-year forecast in partnership with P&A, collections staffing plans, etc. by various macro-economic scenarios. The team is also responsible for monitoring the health of the portfolio and updating the business on any concerning trends.

**Job 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

**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 is required
- Minimum 3 yrs of credit risk analytics, loss forecasting, statistical modeling, model execution and/or consulting experience
- Proficient in programming languages like Python/SAS /SQL
- Expertise in SAS and/or SQL programming (ORACLE, Teradata) is required.
- 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

**Preferred qualifications, capabilities and skills**:

- Experience working with partners in different geographical locations, particularly in India and the US, is a plus.
- Advance degree in Finance, Economics, Statistics, Mathematics, Computer Science, or a related field is preferred.
- Programming language experience including Python/ R is a plus.
- Knowledge of regulatory standards (IFRS9/CECL/CCAR is preferred).
- Experience in mortgage, performing mortgage servicing, or risk analytics is highly desirable.

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 h

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