19 days old

CCB-Risk-Consumer Credit Emerging Risk-Vice President

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

CCB-Risk-Consumer Credit Emerging Risk-Vice President

Req #: 190096994
Location: Wilmington, DE, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase& Co. serves millions of consumers 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 http://www.jpmorganchase.com/.


Our Firm-wide 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 CCB Consumer Credit Emerging Credit Risk - Vice President will be accountable for consumer credit analysis across industry product types and CCB portfolios – informed by changes in the competitive landscape, consumer behavior, and macro-economic influences.  The credit views are used to support the Chief Risk Officer (and other senior leaders including the firm CRO, CCB CFO, firm CFO, Investor Relations and Regulators) with a proactive viewpoint on consumer credit trends. The role will be more than an aggregator of views produced within line of business product teams and a strategic architect of compelling views of consumer and wholesale credit across CCB. Specific Responsibilities Include:

  • Data Analysis:
    • Directing analysis and interpretation of big data and its impact in consumer credit performance, strategy, and other operational / financial areas.
    • Performing ad-hoc analytics to research credit trends, understand their drivers, and conduct impact assessments on consumer credit portfolios.
    • Data visualization experience, distilling key informative messages clearly from large amounts of data.
  • Evaluating how changes in the consumer credit environment (including macroeconomic & competitor trends) impact the performance of credit portfolios.
    • Partnering with internal teams such as Chase 360, Marketing Analytics and Research groups to complement existing credit views with innovative uses of data.
    • Creative use of big data sourced from various external agencies (Federal Reserve, Bureau of Labor Statistics, etc.) to inform analytics across the industry and Chase products, where applicable.
  • Researching Trends:
    • Contributing creatively to research topics sourced from the media, investor questions, and general industry trends. 
    • Creating and monitoring different mechanisms of detecting emerging risks including but not limited to delinquency, loss and roll rate trends, forecast misses and breakages in correlations. 
    • Partner with quantitative teams and various lines of business to understand potential leading indicators of the credit cycle which could have a broader impact across credit portfolios.
    • Creating Outside-In views of consumer credit including partnerships with Credit Bureaus for off us Credit information and Econometric firms such as Moody’s. 
  • Communication:
    • Participate in forums to promote the dialogue around credit trends within the risk community at both the analyst and executive levels.
    • Document findings into compelling reports for senior management risk dialogue and escalation.
    • Contribute to next generation executive level communication with a variety of C-level audiences with respect to the credit risk outlook for all CCB lines of business


Required Skills

  • Deep credit experience, in one or more consumer credit portfolios
  • Ability to influence technical subject-matter-expert teams to collaborate on trends that originate from macroeconomic or competitive intelligence:  The role will require partnership with product-specific analytic teams to dig deeper into trends in their portfolios when these trends are detected at a more global level.
  • Demonstrated ability to innovate: Since a large part of the role will be working with teams such as Chase 360 (big data), as well as with quantitative teams, the person in the role must demonstrate open-mindedness and the willingness to explore new views and ways of evaluating the health of existing credit portfolios.  They should possess data and analytical skills including the ability to pull data using SAS or SQL, manipulate big data into manageable data sets, and utilize analytic skills to identify and explain data trends.
  • The ability to conduct complex risk analyses and provide senior management with business insights of consumer credit quality and behavior trends, and portfolio performance.
  • Must have an orientation towards creating views and uncovering risks that drive action for CCB and JPMC, i.e., the ability to focus on material measures of success for CCB Risk.
  • Demonstrated experience in communicating with regulatory and investor relations teams to convey risk management results, outlooks and cross-consumer points of view 
  • Executive level communication skills, both verbal and written/presentation.
  • Ability to develop an auditable control framework for the research completed by the team
Desired Skills
  • Econometric experience (e.g., competence in understanding key macro drivers of credit risk, customer behavior and lending strategy)
  • Quantitative experience (e.g., partnering with modeling or deep analytic teams to drive practical results and points of view)
  • Experience with Hadoop, Hive for big data analysis
  • Development & use experience with Tableau and data visualization

Keyword: consumer%20banking


Posted: 2019-10-30 Expires: 2019-12-08

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CCB-Risk-Consumer Credit Emerging Risk-Vice President

JPMorgan Chase & Co.
Wilmington, DE 19801

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