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Credit Risk Forecasting Associate
JPMorgan Chase & Co.
posted 5hr ago
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Flexible timing
Key skills for the job
Job Description
- Execute credit loss forecasting models to forecast credit losses and allowance for the Chase Business Banking portfolio supporting regulatory exercises like CCAR, CECL, firm wide Risk Appetite and Budget
- Help determine the loss forecasting results and levers. This information will be presented to executive management and other internal clients
- Model diagnostics 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
- 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 Bachelors or Masters Degree in a quantitative discipline (Finance / Stats / Econ / Math / Engineering) or equivalent work/training is required
- Minimum 5 years 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
Preferred qualifications, capabilities, and 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)
Employment Type: Full Time, Permanent
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