JPMorgan Chase CCB Risk - Auto Finance - Auto Portfolio Strategic Analytics - Executive Director in Plano, Texas
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 Portfolio Diagnostic Director is a newly created function that will be accountable for developing a credit view in Auto to support the Chief Risk Officer (and other senior leaders across CCB products including the firm and CCB CROs, and LOB CEO) with a proactive viewpoint on consumer credit trends specific to Chase Auto Finance. The role will need to be a strategic architect of compelling views highlighting trends in the portfolio that produce insights to the originations and collection strategy informing policy changes. The Director will lead and coordinate the recession planning for Auto including early warning credit monitoring, playbook of actions tied to specific triggered outcomes, and diagnostic reporting. The Director will coordinate with other CCB product credit leads in reviewing observations made within Chase Auto as well as support strategic analytics to evaluate the impact of industry specific trends. The Director will help to hire and develop a new team of quantitative analysts.
Specific Responsibilities Include:
Directing the analysis and interpretation of big data and its impact in both operational and financial areas of the business and wider industry
Leveraging the output of internal teams that can complement existing credit views such as Chase Customer 360 for customer level data and Dealer Commercial Services (DCS)
Creating and monitoring different mechanisms of detecting emerging risks including but not limited to delinquency, loss and roll rate trends, severity, forecast misses and breakages in correlations
Partner with quantitative teams within Auto and across the various lines of business to develop leading indicators of potential turns (cyclical and counter cyclical) in the credit cycle and to pick up on trends that could have a broader impact across credit portfolios
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
Contribute to next generation executive level communication with a variety of C-level audiences with respect to the credit risk outlook for all CCB lines of business
Hire and develop a team of quantitative minded credit analysts to support analyses, diagnostic reporting, and research(including trends, innovation etc.)
10+ years of deep credit experience, in one or more consumer credit portfolios, prior Auto experience preferred
Demonstrated ability to innovate. The person in the role must demonstrate open-mindedness and the willingness to explore new views and ways of evaluating the health of existing credit portfolios. They should possess data and analytic skills and will utilize analytic skills to identity and explain data trends
The ability to conduct complex risk analyses and provide senior management with business insights of consumer credit quality and behavior trends, and portfolio performance.
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
Quantitative experience (e.g., partnering with modelling or deep analytic teams to drive practical results and points of view)
Econometric experience (e.g., competence in understanding key macro drivers of credit risk, customer behavior and lending strategy)
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.