JP Morgan Chase - Associate - Loss Forecasting - Fraud Risk Strategy - CCB

About Us

JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating business area specific risks, understanding regulatory changes and determining business sustainability through appropriate use of risk management tools and frameworks. Risk Management provides independent oversight and maintains an effective control environment.

About this Role

This role is part of the fraud loss forecasting team for our Consumer and Community Banking (CCB). The loss forecasting team owns the forecasting and budgeting process for all our fraud and overdraft loss lines. This is a highly critical and visible role with ownership and accountability towards forecasting our loss budgets.

Key Areas of Responsibility

- Own forecasting process for some of our operating loss lines across baseline and stress scenarios

- Drive the different budgeting cycles through execution and discussion with various loss line owners

- Develop / Enhance Long term and short term Loss forecasting framework across loss channels

- Provide independent assessment on root cause /drivers behind variance of actuals vs. forecast.

- Liaise with Operations, business functions and strategy owners to understand business changes and operations impact and to implement the same in forecast adjustments

- Develop various senior management presentation on Monthly / quarterly/annual on Fraud Loss

- Identify areas of opportunity through data analytics and statistical analysis

- Take complete ownership and accountability towards delivering on goals and priorities for the business / function

Qualifications

- Master's/Bachelor's degree in a quantitative or business discipline from an accredited college/university required; advanced degree is preferred.

- 6+ years of experience in analytics space, prior experience in risk roles preferred

- SAS programming experience (PC, UNIX or mainframe).

- Highly proficient in Microsoft Office suite of products.

- Demonstrated leadership in applying analytics to efficiently and pragmatically solve business problems through structured problem solving approaches.

- Effective in communicating to senior leaders of an organization.

- Strong analytical, technical and statistical skills. Ability to synthesize / analyze diverse information, develops recommendations and makes decisions.

- 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.

- Working knowledge of financial budgeting and planning analysis preferred

JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

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