1+ months

Executive Director - Acquisition Risk Pricing

Wilmington, DE 19801
  • Job Code
    210339855

Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Chase is the No. 1 credit card issuer in the U.S., with 69 million credit cards in circulation. Risk management in Card is a critical functional to control the risk and contribute to revenue generation. Card acquisition risk is a strategic group with innovative initiatives to shape the new acquisition and contribute to the bottom line.

As a Director of Pricing for Acquisition Risk within Chase Card Services, you will be responsible to set the strategic direction for pricing analytics within risk. You will work with product owners in Marketing and Finance to drive price optimization framework. You will ensure that the pricing strategies drive strong financial performance, while maintaining strong risk controls. The director will regularly meet with senior leaders and team members in Risk Management, Finance, Lending and Marketing to drive business forward.

Specifically, the Director will:

  • Develop and maintain pricing segmentation by conducting complex analysis to segment data and isolate risk.
  • Establish a robust price testing framework working with product owners to enable quick learnings and drive strategy optimization.
  • Work with Credit modeling on building better risk differentiation models using both internal and external credit data
  • Drive thought leadership withing Risk to better integrate Pricing, Underwriting and Credit Line decisions to allow more prudent lending.
  • Support launch of new products and channels by evaluating loss, profitability and anticipated behavior given the product constructs
  • Monitor the current loss and delinquency trends to inform strategy adjustments
  • Support ongoing internal and external audits by maintain strong documentation and controls
  • Demonstrate strong strategic thinking, operational excellence leadership and control oriented mentality

Qualifications:

  • Bachelor's degree in a quantitative discipline (Finance/Statistics/Economics/Mathematics/Operations Research) is required; advanced degree is preferred
  • 12+ years of Credit Risk Management and/or Marketing Analytics in financial industry, preferably credit cards.
  • Proven ability to coach and develop team to deliver results and create long-term assets for the firm
  • Strong P&L knowledge and understanding of drivers of profitability is a must.
  • Strong understanding or working knowledge of Credit Risk Models including Machine Learning and Logistic regression models preferred
  • Strong analytical, interpretive and problem solving skills with the ability to develop common sense solutions to complex business challenges

Keyword: card%20services

Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Chase is the No. 1 credit card issuer in the U.S., with 69 million credit cards in circulation. Risk management in Card is a critical functional to control the risk and contribute to revenue generation. Card acquisition risk is a strategic group with innovative initiatives to shape the new acquisition and contribute to the bottom line.

As a Director of Pricing for Acquisition Risk within Chase Card Services, you will be responsible to set the strategic direction for pricing analytics within risk. You will work with product owners in Marketing and Finance to drive price optimization framework. You will ensure that the pricing strategies drive strong financial performance, while maintaining strong risk controls. The director will regularly meet with senior leaders and team members in Risk Management, Finance, Lending and Marketing to drive business forward.

Specifically, the Director will:

  • Develop and maintain pricing segmentation by conducting complex analysis to segment data and isolate risk.
  • Establish a robust price testing framework working with product owners to enable quick learnings and drive strategy optimization.
  • Work with Credit modeling on building better risk differentiation models using both internal and external credit data
  • Drive thought leadership withing Risk to better integrate Pricing, Underwriting and Credit Line decisions to allow more prudent lending.
  • Support launch of new products and channels by evaluating loss, profitability and anticipated behavior given the product constructs
  • Monitor the current loss and delinquency trends to inform strategy adjustments
  • Support ongoing internal and external audits by maintain strong documentation and controls
  • Demonstrate strong strategic thinking, operational excellence leadership and control oriented mentality

Qualifications:

  • Bachelor's degree in a quantitative discipline (Finance/Statistics/Economics/Mathematics/Operations Research) is required; advanced degree is preferred
  • 12+ years of Credit Risk Management and/or Marketing Analytics in financial industry, preferably credit cards.
  • Proven ability to coach and develop team to deliver results and create long-term assets for the firm
  • Strong P&L knowledge and understanding of drivers of profitability is a must.
  • Strong understanding or working knowledge of Credit Risk Models including Machine Learning and Logistic regression models preferred
  • Strong analytical, interpretive and problem solving skills with the ability to develop common sense solutions to complex business challenges

Keyword: card%20services

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Executive Director - Acquisition Risk Pricing

JPMorgan Chase & Co.
Wilmington, DE 19801

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