DefaultServicing Forecasting Team Associate
Internal & External Description
Requisition # : NA
J.P. Morgan is a leading global financialservices firm, established over 200 years ago :
o We are the leader in investment banking,financial services for consumers and small businesses, commercial banking, financialtransaction processing, and asset management.
o We have assets of $2.5 trillion andoperations worldwide
o We operate in more than 100 markets.
o We have more than 243,000 employeesglobally.
Our wholesale businesses include J.P. Morgan’sAsset Management, Commercial Banking and the Corporate & Investment Bankwhich provide products and services to corporations, governments,municipalities, non-
profits, institutions, financial intermediaries andhigh-net worth individuals and families.
Our corporate functions support the entireorganization and include the following functions : Accounting, Audit, Finance,Human Resources, Operations, and Technology.
J.P. Morgan in India provides acomprehensive range of Corporate & Investment Banking, Commercial Banking,Asset & Wealth Management, and Corporate functions services and solutionsto our clients, executing some of the most important financial transactions andproviding essential strategic advice to our clients such as the government,large domestic and multi-
national corporations, non-government organizationsand financial institutions and investors. India is a key market for JPMorganChase globally and our employees in India are a critical part of how we dobusiness globally and are integrated within our businesses.
Our Global ServiceCentres (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabadto support the firm’s operations regionally and globally.
The centres providecomprehensive strategic support across technology and business operationsprocessing to all lines of business and the corporate functions.
This an excellent opportunity for an individual who thrives in afast-paced and team-oriented environment where strong analytical skills,business acumen, and superior communication skills are leveraged to support ourcompany's ability to accurately forecast our losses and identify early signs ofcredit risks.
The Consumer and Community Bank (CCB) currently consists of anumber of credit portfolios including Credit Card, Mortgage, Auto, StudentLoans, Business Banking and Dealer Commercial Services.
The consumer businessis supported by both Vertical Organizations (dedicated risk staff supporting aspecific business) and Horizontal Organizations (staff that is accountable forworking across businesses.
One of these Horizontal organizations is theConsumer Credit Forecasting team.
Within Consumer Credit Forecasting is the Mortgage LossForecasting team.Our team isaccountable for providing reasonable forecasts of delinquencies, foreclosures,bankruptcies, sales throughout the year for capacity planning, business planning exercise such as year-
end budget and mid-yearforecast in partnership with P&A, collections staffing plans, etc byvarious macro-economic scenarios.
The team is also responsible for monitoring the health of theportfolio and updating the business on any concerning trends.
The candidate willbe part of the core forecasting team and will be responsible for helping thebroader team to come up with accurate forecasts of different risk metrics foreach forecasting cycle.
This team will also be responsible in doing walkanalysis, coming up with the story around how forecasts are compared andbuilding up against previous quarters / cycles.
In case of any deficiency model / non model, this team will also propose appropriate overlays.
JPMC How We do Business’ Principles
JPMorgan Chase & Co. has earned areputation as an institution that maintains high standards of transparency andaccountability.
Building and protecting that reputation requires commitmentfrom everyone to make our firm the best it can be.
In addition to fulfilling the skills andqualifications required for this role, the ideal candidate should possess thefollowing personality traits :
Responsibilities include :
Ability to analyse data andforecast results in a business and financial context
Explain the variations inforecast model outputs based on portfolio trends, planned business actions andmodel components / assumptions
Understand how inputs andoutputs are generated and ability to modify inputs and output for what ifscenario or regression testing of the models.
Estimation of model overlay ormanagement adjustment to be added to raw model output
Work closely with upstream anddownstream partners to communicate outcomesand analysis
Support all results throughappropriate documentation
Manage various monthly andquarterly reporting and commentary including slide and deck preparation withattention to accuracy and deadlines
Develop enhanced reportingthrough use of automation, if required, such as excel macros or SAS programmingas needed
Manage ad hoc analysis;starting with identifying the opportunities and issues, collecting data,analysing and presenting the data
Presenting findings,recommendations and presentations to Senior Management.
Expected to work on multipleprojects with limited guidance.
Effectively mentoring otheranalysts 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
advanced degree is preferred
5.5+ years of relatedanalytical experience
Deep credit risk experience inone or more US consumer credit portfolios (i.e. U.S. Mortgage, Home Equity,Credit Card, Automotive, Lease, Business Banking)
Knowledge of the Forecastingprocess, macroeconomics and finance preferred
Strong technical andstatistical skills.Ability tosynthesize data and communicate to leadership in a concise and effectivemanner, both verbally and written
Focused attention to detail,analytical & inquisitive with high standards for quality and accuracy
History of effectivemulti-tasking, expectation setting, and escalation of issues, where appropriate
Project Management Skills well-organized, structured approach.Ability to achieve tight timelines on complex deliverables.
Ability to manage and prioritize projectsacross cross-functional groups
Strong communication andinterpersonal skills, ability to interact with individuals across departments / functions and with senior-level individuals
Able to work effectively underpressure and in a rapidly changing environment in order to meet deadlines
Collaborative, team-oriented,passionate about supporting our internal / external clients
Self-starter, able to take theinitiative and operate independently on a daily basis
Strong understanding ofcontrols and dedicated to continuously improving processes
Exhibited leadership and desireto oversee the development of credit analysts in the team
5.5+ years of SAS (includingSAS Macros) & SQL programming experience (PC, UNIX or mainframe). Knowledgeof Tableau preferred
Highly proficient in MicrosoftOffice suite of products (Excel and PowerPoint, experience with Essbase a plus)