Modeling Analytics Associate - Risk Forecasting

Job Description:

The Credit Forecasting team is part of the broader Consumer Credit Risk Management division.  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.

As a professional within the Consumer Credit Forecasting team, you will manage production analytics for the HL Credit Forecasting team. Responsibilities include analyzing model-ready data, understanding the MEV trends and Loss forecasting models, executing models, summarizing results, and explaining quantitative model results. You will also participate in business testing of model upgrades and contribute to critical projects aimed at achieving the future-state 1-click solution. Additionally, you are expected to support the automation of various processes related to HL model runs.

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 storyboarding.
• Lead advanced analyses to assess relationships and patterns driving loss performance.
• Drive process enhancements by identifying opportunities for efficiency improvements and implementing automation solutions to streamline forecasting activities.
• Collaborate with technology teams to integrate innovative tools and methodologies that enhance forecasting accuracy and operational effectiveness.
• Monitor and interpret key MEV trends (levels, seasonality, structural breaks, and data drift), perform segment/vintage drilldowns, and clearly articulate MEV-driven impacts on loss forecasts to stakeholders.

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 3 yrs. of Credit Risk Management, product / revenue analytics, and/or consulting experience
• Strong knowledge of Python/SQL/SAS/Tableau/Alteryx/ Cloud application architecture
• 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 or financial areas.
• Well-organized and structured with strong communication and presentation 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)

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.

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.