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694 JPMorgan Chase & Co. Jobs

Risk Management

2-5 years

Bangalore / Bengaluru

1 vacancy

Risk Management

JPMorgan Chase & Co.

posted 29d ago

Job Role Insights

Flexible timing

Job Description

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging areaThis is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.
As a Risk Management - Wealth Management Credit Forecasting Associate in Wealth Management Credit Forecasting, within Consumer Community Banking (CCB) Risk, you will be responsible for executing credit forecasting models, diagnosing model accuracy, and leading analyses to assess the performance of our product portfolio. This is an exciting opportunity to contribute to our teams success and develop your skills in a fast-paced environment. You will be responsible for execution of the processes through analytical insights, predictive analysis and newer technology applications.
The Credit Forecasting Team is at the heart of the firm s financial strategy, driving pivotal processes around credit, capital, and climate risk. We estimate future credit losses for the consumers and small businesses across our Auto, Business Banking, Credit Card, Home Lending, Wealth Management and International Consumer Bank (ICB) portfolios. We provide critical insights and analysis on our credit losses across a range of macroeconomic scenarios and monitor key emerging risks while partnering closely internal teams such as Finance and Strategy.
Job Responsibilities
  • Execute credit forecasting models to forecast credit losses and allowance for the JPMChase Wealth Management portfolio, supporting regulatory exercises like CCAR, CECL, firmwide Risk Appetite and Budget
  • Conduct macro sensitivity analytics, loss and allowance attribution, deep dives and story-boarding
  • Create presentations for senior management and present the forecast with a clear storyline and data support.
  • 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, Product and Collections to inform the forecast on current learnings and incorporate strategic initiatives
  • Prepare and maintain documentation for audit controls surrounding loss forecasting and reserves
  • Partner with Finance and Risk to ensure strategy alignment and seamless execution
Required qualifications, capabilities, and skills
  • Bachelors degree in a quantitative discipline (Finance / Stats / Econ / Math / Engineering) or equivalent work/training
  • Minimum 3 years of Credit Risk Management, Statistical Modeling, Financial Analysis and/or Consulting experience
  • 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
  • Strong communication and interpersonal skills, ability to interact with individuals across departments/functions
  • Proficiency in Microsoft Office suite of products (Advanced Excel, VBA and PowerPoint)
  • Programming languages like Python/SAS/SQL
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, Credit Card, Automotive, Business Banking, Wealth Management, Private Banking)

Employment Type: Full Time, Permanent

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What people at JPMorgan Chase & Co. are saying

Risk Management salary at JPMorgan Chase & Co.

reported by 2 employees
₹26.1 L/yr - ₹33.4 L/yr
646% more than the average Risk Management Salary in India
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What JPMorgan Chase & Co. employees are saying about work life

based on 5.7k employees
65%
88%
76%
73%
Flexible timing
Monday to Friday
No travel
Day Shift
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JPMorgan Chase & Co. Benefits

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Employee Programs
Wellness Programs
Health Care and Insurance Plans
Family Care
Retirement Savings Programs
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Free Transport
Cafeteria
Health Insurance
Soft Skill Training
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Work From Home +6 more
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JPMorgan Chase & Co. Bangalore / Bengaluru Office Location

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Bengaluru Office
501, 5th Floor, Prestige Centre Point, 7 Cunningham Road Bengaluru
Karnataka 560056

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