JP Morgan Chase - Associate - Loss Forecasting

Description : JPMorgan Chase & Co. (NYSE : JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase& Co. serves millions of consumers 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 http : / / www.jpmorganchase.com / .

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.

Within CCB Risk Management, our Credit Loss Forecasting team is responsible for forecasts of Business Banking delinquencies, charge-offs, and recovery of charge off accounts for budget planning, monthly outlook, and Investor Day based on various macroeconomic scenarios, and in partnership with P&A, collections, and risk strategy teams. This team is also responsible for monitoring the health of the Business banking portfolio and updating stakeholders and senior management on emerging trends.

As a professional within the Business Banking Loss Forecasting team, you will be responsible for producing business banking delinquency and loss forecasts by portfolio segments and providing analytical insights to senior management. This role provides an exciting opportunity to develop your skills in a fast-paced environment.

Job responsibilities :

• Produce the business banking loss forecast for bank-wide budget, including forecasts for several discrete segments including policy losses and recoveries
• Build out, analyze and modify origination vintage and product level forecasts
• Portfolio Analytics to capture early trends at portfolio level as well as across industry
• Analyze and understand loss forecasting quantitative model output
• Create PowerPoint and other summarizations for Executive Leadership
• Create and run sensitivity scenarios based on economic conditions and management direction
• Complete ad hoc analysis
• Monitor and present delinquency forecasts to key line of business partners
• Create and validate regulatory reporting
• Provide insight for senior management via regular risk deep dives

Qualifications :

Essential skills :

Preferred skills :

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

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(ref : iimjobs.com)