JPMorgan Chase CCB Risk - Auto Finance - Auto Industry Analytics - Vice President in Brooklyn, New York
JP Morgan Chase
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/ .
Our Firmwide Risk Function
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
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
The Auto Industry Analytics Vice President is a newly created function that will be responsible for performing analytics to evaluate the impact of industry dynamics on the Chase Auto Portfolio. This role will support the Chief Risk Officer (and other senior leaders across CCB products including the firm and CCB CROs, LOB CEO, and Investor Relations) with a proactive viewpoint on consumer credit trends specific to Auto Finance. The person in this role will partner within Chase Auto Risk (including Retail and Dealer Commercial Services), CCB Risk, and other JP Morgan Chase lines of businesses such as Investment Banking s to extract insights and share Chase Auto learnings.
Specific Responsibilities Include:
Partner with quantitative teams within Auto and across the various lines of business to develop leading indicators of the credit cycle and to pick up on trends that could have a broader impact across the credit portfolio
Creating Outside-In views of Auto credit including partnerships with Credit Bureaus for off us credit information, Investment Bank for Industry trends and Econometric firms such as Moody’s
Evaluating how changes in the macroeconomic environment (including competitor trends) impact the performance of the auto portfolios.
Leveraging the output of industry experts to complement existing credit views.
Perform just in time analytics on emerging industry topics to assess impacts to the Chase Auto portfolio and inform risks or opportunities to the loss forecast and risk appetite
Participate in forums to promote the dialogue around credit trends within the risk community at both the analyst and executive levels.
Document findings into compelling reports for senior management risk dialogue and escalation.
8+ years of deep credit and econometric experience, in one or more consumer credit businesses, prior Auto experience preferred.
Demonstrated ability to innovate, open-mindedness and willingness to explore new views and ways of evaluating the existing credit portfolios relative to emerging industry trends.
The ability to coordinate across teams and conduct complex risk analyses and provide senior management with business insights of the impact of industry factors to the consumer credit quality of the portfolio.
Demonstrated experience in communicating with regulatory and investor relations teams to convey risk management results, outlooks and auto finance credit points of view
Executive level communication skills, both verbal and written/presentation.
Ability to develop an auditable control framework for the research completed by the team
Degree in Economics, or Statistics a plus
Econometric experience (e.g., competence in understanding key macro drivers of credit risk, customer behavior and lending strategy)
Quantitative experience (e.g., partnering with modelling or deep analytic teams to drive practical results and points of view)
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.