Job Description:

Associate - Default Servicing (Model Execution) Req # 190042942

Location Bangalore East, KA, IN

Job Category Accounting/Finance/Audit/Risk

Default Servicing Credit Forecasting Team ASSOC

Internal & External Description

# of Positions 1

Job Level 601

Requisition # NA

JP 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 $25 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 JP Morgans 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

JP 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 firms 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 companys 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, Home Lending, 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 Home Lending Credit Forecasting team Our team is accountable for providing reasonable forecasts of delinquencies, losses and loan loss reserves throughout the year for various purposes like regulatory stress tests (CCAR, and quarterly Risk appetite), business planning exercise such as year-end budget and mid-year forecast in partnership with P&A, collections staffing plans, etc The team is also responsible for monitoring the health of the portfolio and updating the business on any concerning trends

The Risk Credit Forecasting Analyst is responsible for providing risk analytical support for Chase Home Lending Risk and Analytics organization The team is responsible for model execution, deep dive and walk analysis to explain how the forecasts are shaping up compared to previous cycles and eventually producing monthly finance and risk forecasts and quarterly stress test forecasts The team develops model improvements, performs model backtesting, and produces or enhances model documentation and governance processes The team summarizes the forecasts and presents results to senior leadership Continuous focus on Process improvements and enhancing controls are critical components of this role

JPMC How We do Business Principles

JPMorgan Chase & Co has earned a reputation as an institution that maintains high standards of transparency and accountability Building and protecting that reputation requires commitment from everyone to make our firm the best it can be

In addition to fulfilling the skills and qualifications required for this role, the ideal candidate should possess the following personality traits

Integrity

Accountability

Collaborative

Respect

Community Awareness

Responsibilities include

Ability to analyze data and forecast results in a business and financial context

Explain the variations in loss forecast model outputs based on portfolio trends, planned business actions and model components/assumptions

Understand how inputs and outputs are generated and ability to modify inputs and output for what if scenario or regression testing of the models

Analyzing the impact of evolving standards such as Basel capital and CECL on forecast needs and business decisions

Perform allowance impact analysis on various scenarios to support key business decisions

Estimation of model overlay or management adjustment to be added to raw model output

Work closely with upstream and downstream partners to communicate outcomes and analysis

Support all results through appropriate documentation

Manage various monthly and quarterly reporting and commentary including slide and deck preparation with attention to accuracy and deadlines

Develop enhanced reporting through use of automation, if required, such as excel macros or SAS programming as needed

Manage ad hoc analysis; starting with identifying the opportunities and issues, collecting data, analyzing and presenting the data

Presenting findings, recommendations and presentations to Senior Management

Expected to work on multiple projects with limited guidance

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

Qualifications Bachelors degree in a quantitative discipline; Math, Finance, Statistics, Economics or equivalent work/training is required; advanced degree is preferred

Deep credit risk experience in one or more US consumer credit portfolios (ie US Mortgage, Home Equity, Credit Card, Automotive, Lease, Business Banking)

3 years of related analytical experience

Knowledge of the Forecasting process, macroeconomics and finance preferred

2 years of SAS (including SAS Macros) & SQL programming experience (PC, UNIX or mainframe) Knowledge of Tableau preferred

Highly proficient in Microsoft Office suite of products (Excel and PowerPoint, experience with Essbase a plus)

Attention to detail and data accuracy

Strong project management skills - well-organized, structured approach

Strong communication and interpersonal skills

Strong analytical, interpretive and problem-solving skills

Ability to work independently & manage projects and deadlines

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Financial Services/Stockbroking
Functional Area : IT Software : Software Products & Services
Role : Business/Systems Analysis
Salary : 300000-600000 P/A
Deadline : 14th Nov 2019

Key Skills:

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