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Associate - CPOV Reporting and Analytics - Admin

Req #: 180006665
Location: Bangalore East, KA, IN
Job Category: Credit
Job Description:
J.P. Morgan is a leading global financial services firm, established over 200 years ago:
o We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
o We have assets of $2.5 trillion and operations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employees globally.
 
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
 
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
 
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centres (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centres provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
 
This an excellent opportunity for an individual who thrives in a fast-paced and team-oriented environment where strong analytical skills, business acumen, and superior communication skills are leveraged to support our company's ability to accurately forecast our losses and identify early signs of credit risks.

 

The Consumer and Community Bank (CCB) currently consists of a number of credit portfolios including Credit Card, Mortgage, Auto, Student Loans, Business Banking and Dealer Commercial Services. The consumer business is supported by both Vertical Organizations (dedicated risk staff supporting a specific business) and Horizontal Organizations (staff that is accountable for working across businesses.) One of these Horizontal organizations is the Consumer Credit Forecasting team.

 

Within Consumer Credit Forecasting is the Central Strategy group.  Our team is accountable for detecting emerging risks within and across consumer products and Chase portfolios, innovating with new credit risk management tools such as machine learning techniques to identify emerging risk patterns, researching and implementing big data sources, and building industry viewpoints and areas of potential industry contagion. 
 
We develop views across CCB portfolios 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 team is looking to staff a risk analyst to fulfil a number of consumer credit responsibilities. The candidate is expected to bring a very strong credit risk experience to be able to analyse trends and come up with relevant conclusions and action items and summarize the findings into presentations ready for senior management. This role will also be responsible for production and execution of new tools being developed by the risk innovation team.
 
Responsibilities include:
  • Understanding the broader picture of how the credit standards, competitive environment, consumer behaviour and macro-economic health are connected to the underlying portfolio performance
  • Summarize the findings from analytical projects into presentations for senior executives
  • Understand new risk management tools being developed by the innovation  team and creating processes for their regular execution
  • Analyse the trends being generated by all of our monitoring tools and prepare summary decks with warnings, conclusions and possible action items
  • Conduct deep-dives on emerging trends and pro-actively share new insights with the team
  • Develop enhanced reporting through use of automation, if required, such as excel macros or SAS programming as needed
  • Keeping track of all metrics (delinquencies, roll rates, losses, etc.) for the portfolio
  • Manage ad hoc analysis; starting with identifying the opportunities and issues, collecting data, analysing and presenting the data
  • Actively participates in Requirements, Testing, and Quality Peer Review sessions
  • Presenting findings, recommendations and presentations to Senior Management. 
  • Support all results through appropriate documentation
  • Effectively mentoring other analysts to help them develop their risk management skills and knowledge 
The work schedule is Monday - Wednesday, 1 PM - 10 PM IST and Thursday - Friday, 11 AM – 8 PM IST  
  • Bachelor's degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required; advanced degree is preferred
  • 3+ years of related MIS and analytical experience
  • Deep credit risk experience in one or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking)
  • Knowledge of the Forecasting process, macroeconomics and finance preferred
  • Strong technical skills.  Ability to synthesize data and communicate to leadership in a concise and effective manner, both verbally and written
  • Focused attention to detail, analytical & inquisitive with high standards for quality and accuracy 
  • History of effective multi-tasking, expectation setting, and escalation of issues, where appropriate
  • 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 and with senior-level individuals 
  • Able to work effectively under pressure and in a rapidly changing environment in order to meet deadlines
  • Collaborative, team-oriented, passionate about supporting our internal / external clients
  • Self-starter, able to take the initiative and operate independently on a daily basis
  • Strong understanding of controls and dedicated to continuously improving processes
  • Exhibited leadership and desire to oversee the development of credit analysts in the team
  • 3+ years of SAS Programming including SAS macros, SQL and Tableau experience
  • Highly proficient in Microsoft Office suite of products (Excel and PowerPoint, experience with Essbase a plus)
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