6 days old

JPMorgan Chase & Co.
Plano, TX 75074
  • Job Code

CCB-Risk-Portfolio Modeler-Business Banking-Associate

Job Description

CCB-Risk-Portfolio Modeler-Business Banking-Associate

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


Portfolio Risk Modeling is a center of excellence within CCB Risk Modeling, responsible for designing and developing portfolio risk models which will be used to support the corporate’s various stress testing, credit loss allowance and capital planning exercises (such as CCAR/Budget/CECL/Risk Appetite/Basel) for consumer product portfolios within CCB (e.g. Home Lending, Auto Finance and Business Banking).   


The Portfolio Risk Modeler will be a key member of the Portfolio Risk Modeling team. The successful candidate will be responsible for end-to-end model design and development. The candidate will build a solid understanding of various consumer products and key risk drivers and use that to further enhance the models.

Responsibilities will include:
  • Design, develop, test and validate statistical/economic models for portfolio risk, including probability of default, loss given default, and exposure at default as well as other risk components
  • Utilize state-of-the-art modeling techniques including both classical statistical modeling approaches and modern machine learning approaches to enhance existing models and tackle challenging modeling problems
  • Manage end-to-end model development process, including data manipulation, exploratory data analysis and pattern discovery, model development and refinement, documentation, assisting with implementation, and performance monitoring
  • Collaborate with cross functional partners in Risk, Finance, Technology, Model Governance throughout the entire modeling lifecycle

  • PhD Degree in a quantitative discipline (e.g. Mathematics, Statistics, Economics, Computer Science, Operations Research); Master degree with at least two years of relevant working experience 

  • Strong data analysis and statistical/economic modeling experience, such as generalized linear models, multivariate analysis and time series analysis

  • Proficiency in advanced analytical languages (e.g. SAS, Python, R); Familiarity with framework of machine learning pipeline (e.g. tensor flow, scikit-learn) is not required but a plus

  • Ability to work with large data and perform extensive analysis to draw useful insights

  • Strong communication skills to present to and collaborate with business partners and model end-users 

  • Strong organization and multi-tasking skills with demonstrated ability to manage expectations and deliver quality results on time

  • Prior experience in risk analytics/financial/credit area is not required but a plus


Req #: 190113865
Location: Plano, TX US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 3000 US Dollar (USD)

Keyword: card%20services


Posted: 2020-01-14 Expires: 2020-02-13

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JPMorgan Chase & Co.
Plano, TX 75074

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