1+ months

JPMorgan Chase & Co.
Wilmington, DE 19801
  • Job Code

CCB - Risk - Card Portfolio Strategy- Associate

Job Description



JPMorgan Chase& Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.


Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment. 


Chase Consumer & Community Banking (CCB) serves consumers and 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. Consumer& Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others


The Portfolio Credit Strategy team is responsible for the development and maintenance of credit card strategies for existing accounts.  We are actively seeking a Risk Associate to have direct ownership and accountability for a defined group of portfolio risk strategies with a focus on managing credit losses on portfolio lending strategies.  This role will focus on portfolio strategies such as balance transfer and new lending initiatives and will seek to optimize segmentation, targeting, performance, and decision profitability.
Responsibilities include:
  • Direct ownership of components of the Balance Transfer strategies
  • Responsible for recognizing opportunities and enhancements to existing strategies to improve overall financial performance, customer experience and execution quality
  • 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 maintaining a strong control environment
  • Perform quantitative analysis of customer credit card behaviors, revenue drivers, and expense drivers to develop present value forecasts of various investment alternatives
  • Analyze segment performance for targeted treatments in addition to valuation both in loss benefit and revenue impacts
  • Create thoughtful analytics to address business issues and be able to independently generate forward-looking solutions
  • Communicate results, findings and recommendations to senior leaders
  • Partner with technical groups to develop requirements for changes to rules engines and automated strategies
  • Forecast impacts of strategy and segment mix changes. Lead business partners through adjustments
  • Utilize SAS, SQL, Teradata and MS Office analysis tools to complete analysis requirements
  • Work with business partners and leaders to ensure any new developments will be deliverable and executable
  • Develop and maintain comprehensive controls to ensure processes are executing as designed and perform root cause analysis on trends against these strategies and processes.  Where issues arise, must be able to recommend and implement appropriate resolutions.
  • 2-4 years of risk management or financial services experience
  • Strong written and verbal communication skills, including ability to present findings to Senior Management
  • Experience partnering across different functions
  • Data mining skills, specifically: SAS, Excel, Microsoft Office, and database software applications
  • High degree of creativity and possess disciplined analytic and strong problem solving skills
  • Flexible and able to handle multiple tasks in a fast paced changing environment
  • Knowledge of financial procedures & principles
  • Strong understanding of consumer lending
  • Independent decision making skills
  • Bachelor’s or Advanced degree in a relevant discipline like Statistics, Economics,  Finance or a related quantitative discipline preferred
  • Strong problem solving and disciplined analysis skill

Req #: 200011450
Location: Wilmington, DE US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 3000 US Dollar (USD)

Keyword: card%20services


Posted: 2020-03-17 Expires: 2020-06-06

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JPMorgan Chase & Co.
Wilmington, DE 19801

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