Risk Management - Wealth Management Credit Forecasting Vice President

Bring your expertise to JPMorgan Chase.  As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

Job Summary

As a Vice President in Wealth Management Credit Forecasting within Consumer & Community Banking (CCB) Risk, you will be responsible for leading the production of the credit loss forecast and loan loss reserve for our portfolio. This is an exciting opportunity to contribute to our team's success and develop your skills in a fast-paced environment. You will be responsible for managing a team through the execution of the processes through analytical insights, predictive analysis and newer technology applications.

The CCB Risk Credit Forecasting Team is at the heart of the firm’s financial strategy, driving pivotal processes around credit, capital, and climate risk.  We estimate future credit losses for the consumers and small businesses across our Auto, Business Banking, Credit Card, Home Lending, Wealth Management and International Consumer Bank (ICB) portfolios. We provide critical insights and analysis on our credit losses across a range of macroeconomic scenarios and monitor key emerging risks while partnering closely internal teams such as Finance and Strategy. 

Job Responsibilities 

• Own credit forecasts for business planning and regulatory submissions for exercises like CCAR, CECL, Firmwide risk appetite and budget
• Provide attribution analysis for the changes in forecast and variances
• Provides accurate and concise results and presents findings, recommendations and presentations to management
• Collaborate with Risk Management, Finance, Product and Collections to inform the forecast on current learnings and incorporate strategic initiatives
• Partner with Finance and Risk stakeholders to ensure strategy alignment and seamless execution
• Manage, mentor and coach a team of two associates
• Ensure compliance with existing risk and control structure while driving future enhancements to risk and control structure

Required qualifications, capabilities, and skills 

• Bachelor's degree in a quantitative discipline (Finance/Stats/Econ/Math/Engineering) or equivalent work/training 
• 5+ years of Credit Risk Management, Statistical Modeling, Financial Analysis and/or Consulting experience
• Demonstrated leadership in applying analytics to efficiently and pragmatically solve business problems through structured problem-solving approaches 
• History of communicating to senior leaders of an organization. 
• Strong analytical skills. Ability to synthesize / analyze diverse information, develops recommendations, and makes decisions. 
• Project Management Skills -- well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups. 
• Strong communication and interpersonal skills, ability to interact with individuals across departments/functions
• Proficiency in Microsoft Office suite of products (Advanced Excel, VBA and PowerPoint)

Preferred qualifications, capabilities, and 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)
• Programming languages like Python/SAS/SQL

 

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs. 

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare