Acquisition and Strategy Risk [Multiple Positions Available]

DESCRIPTION:

Duties: Drive key risk indicators (KRIs) for card risk strategy by executing SAS code, analyzing trends, investigating deviations, collaborating with strategy and product teams, and refining KRI thresholds based on historical performance and risk appetite. Develop and maintain periodic analytics to provide senior management and stakeholders with full insight into emerging performance trends and the quality of the originated accounts. Analyze risk inputs and conduct research and analysis of the performance and profitability of existing strategies while working to ensure adherence to regulatory based initiatives, procedural alignment with Risk Policy and a strong control environment. Analyze historical product performance by strategy segmentations and use analysis to design and implement forecasting methodologies leveraging statistical tools to ensure robust and explainable forecasts. Analyze economic model output and apply results to product forecasts, determining the result of base, stress, and upside macro environments and how these scenarios will impact losses and investment profitability. Produce new account loss forecast for specialty groups within hotels and airlines by applying model driven methodologies, evaluating assumptions and producing forecasts that inform product level investment decisions. Engage in cross functional collaboration with Risk, Marketing, Finance and Product teams to drive business results and support Investment Review Forum (IRF) with data driven analysis and clear risk initiatives. Monitor emerging portfolio performance against forecasted losses by conducting vintage-level back testing, threshold breach analysis and attribution studies, and recommend re- forecasting when necessary. Effectively present risk narrative and all analytical findings including root cause analysis, and methodology approach and turn technical findings into compelling explanations to executive leadership through in-person and written forums. Provide analytical support to the strategy teams through risk ownership of swap-in and swap-out dataset generation and develop robust methodology, algorithm, and financially sound evaluation framework for credit risk strategies. Extract, transform and visualize large datasets. Develop risk analysis framework that is consistent with the firm's risk appetite framework.

QUALIFICATIONS:

Minimum education and experience required: Master's degree in Econometrics and Quantitative Economics, Statistics, Computer Science, Data Science, Finance, or in a related field of study plus two (2) years of experience in the job offered or as Acquisition and Strategy Risk, Card Risk Analytics, Strategic Analytics, Product Test Engineer, or in a related occupation. The employer will alternatively accept a Bachelor's degree in Econometrics and Quantitative Economics, Statistics, Computer Science, Data Science, Finance, or in a related field of study plus four (4) years of experience in the job offered or as Acquisition and Strategy Risk, Card Risk Analytics, Strategic Analytics, Product Test Engineer, or in a related occupation.

Skills Required: This position requires experience with the following: utilizing Management Information Systems (MIS) controls and BCBS (Basel Committee on Banking Supervision) reporting controls to monitor new accounts performance; utilizing key performance metrics including outstanding balance, delinquency, roll rates, net credit loss, exposure, score distributions and lending products within the credit card industry; utilizing credit card operational processes including manual underwriting, portfolio management and collections that aid in understanding acquisition performance driver; utilizing SAS and SAS Viya for data retrieval, manipulation, and analysis; utilizing data step and SQL to query data for pattern exploration and applying statistical procedures including descriptive statistics, correlation statistics, regression analysis, variance analysis, and time series models; utilizing SAS and SQL macros for automation and iterations; using SQL to query data from data warehouse management and cleaning for analysis; using Tableau for data visualization, dashboarding, and navigating dashboards to build custom views; using P&L profit drivers to coordinate with finance teams to understand forecast impacts; using risk analytics techniques including vintage curves, root cause analysis and risk-based segmentation; macroeconomic fundamentals including unemployment, interest rates, GPD, and inflation; using risk metrics, underwriting, portfolio management, credit strategy and product lifecycle to monitor loss forecasts and perform credit risk analysis; delivering recommendations to management to enhance risk control.

Job Location: 201 N. Walnut St, Wilmington, DE 19801.

Full-Time.

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans