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Associate - Core Modeling

Req #: 180025770
Location: Mumbai, MH, IN
Job Category: Accounting/Finance/Audit/Risk
Job Description:
J.P. Morgan is a leading global financial services firm, established over 200 years ago:
  • We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
  • We have assets of $2.5 trillion and operations worldwide
  • We operate in more than 100 markets.
  • 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 Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
 
Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million small businesses with a broad range of financial services through our 137,000 employees.  Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Our Risk Management professionals work directly with Consumer Banking, Business Banking, Auto/Student Loan, Card and Commerce Services, Chase Wealth Management and Mortgage Banking to minimize, monitor and control the probability of risk events and mitigate the impact of risk events that do occur.
 
As a member of Consumer and Community Banking (CCB) Fraud Modeling team, the individual will be responsible for:
Managing and evaluating Vendor models used by CCB to manage fraud risk. The responsibilities include liaising with the external vendors and all relevant partners within Chase, compiling appropriate data, applying multidimensional data aggregation, performing profile analysis (based on time, location characteristics and other dimensions using transaction level details), perform root cause analysis for emerging trends, prepare and maintain regulatory reports and support other business functions around model management including IT implementation, governance, audit etc.
  • Designing, developing, implementing, and validating statistical models/ segmentations/strategies for CCB risk, providing analytic support and developing new criteria and/or strategies for CCB deposit risk management. 
  • Analyze and interpret financial data using SAS and other statistical software in UNIX environment.
  • Partner with internal teams to implement models/segments/tools into system and to support business execution and/or analytics on revenue growth and loss control will be responsible.
  • Provide and present model results, insights and recommendation to senior management and partners using MS Office (i.e. PowerPoint, Word, and Excel).
JPMorgan Chase is an equal opportunity and affirmative action employer M/F/D/V.
  • Master/ PhD in Statistics, Econometrics, Operations Research, Mathematics and Physics (or equivalent quantitative fields)

  • Minimum 6+ years of relevant analytics/modeling experience or solid advanced academic researches. Financial industry experience, especially in credit card / debit card.

  • Strong analytical and problem solving skills with the ability to interpret complicated and large amounts of data with business insights

  • Knowledge and experience developing Fraud Models using regression (Logistic, Decision tree, time series, etc.), pattern recognition and/or data mining techniques

  • Experience in SAS and SQL in UNIX environment, database such as ORACLE/TERADATA

  • Excellent written and oral communication skills to clearly present analytical findings and make business

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