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Associate - Consumer Credit Risk

Req #: 170105283
Location: Bangalore East, KA, IN
Job Category: Accounting/Finance/Audit/Risk
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 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.

Consumer Credit Risk Associate
As a Consumer Credit Risk Associate within the Consumer & Community Banking Risk Execution Team, you will assist with the monitoring of system decisions/processes across the lifecycle of a customer or application ensuring execution meets requirement expectations and JPM Chase standards.  This includes high level MIS for integrity of Scores, approval rates, line assignment, adverse action, system SLA times, and decision rates plus validation of new data elements used to drive decisions.  The team is looking for a highly motivated analyst and the role will require both technical and analytical skills and the ability to engage external stakeholders.     
  • Include the use of querying tools, reports and analyses to mitigate risk resulting from changes made to our decision engines. 
  • Perform both Pre and Post Implementation validations that aren’t part of UAT scope/ownership and IT QA validations. 
  • Identify and resolve concerns by assisting developers, project managers, technology leads, production support, business/underwriting, and Risk Strategy Stakeholders with inquiries.
  • As part of the lifecycle may include production monitoring of all CCB Bureau Consumption Risk batch processes, development and management of the Account Review/Prescreen production schedule, change control, documentation and functionality certification, and first occurrence and post implementation validations ensuring the data we receive back is valid.
  • Research production tickets/defects – including monitoring, reporting, and resolution with appropriate stakeholders, including identification of process improvement opportunities and partnership with Risk Leaders to implement initiatives according to control standards and adherence to target SLA's. 
  • Bachelor's degree or higher with 5+ years of work experience.
  • Strong Leadership, organizational skills, and the ability to work independently.
  • Strong communication skills  including ability to lead cross-functional discussions with Technology, Operations, Risk, and Marketing
  • Experience with Banking Domain and its various products such as Card, Mortgage, Auto or Business Banking a plus
  • Experience working with SAS, SQL and/or other Oracle and/or Teradata database tools
  • Proven analytical and writing skills, including ability to evaluate impacts and translate findings and root cause analysis into actionable summaries
  • Functional/System knowledge of Card, Mortgage, or Auto a plus 
  • Strong credit bureau knowledge / background a plus
  • Proficient with Microsoft Office suite, particularly Excel and PowerPoint
  • Ability to work as part of a team
  • Capacity to work under time-sensitive business deadlines 
  • Strong attention to detail
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