VP
JPMorgan Chase & Co
Bangalore East, KA, IN
5d ago

Default Servicing Forecasting Team VP

Internal & External Description

Requisition # : NA

J.P. 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 $2.5 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 J.P. Morgan’s 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.

J.P. 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 firm’s 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 company's 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, Mortgage, 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 Mortgage Loss Forecasting team.Our team is accountable 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-year forecast in partnership with P&A, collections staffing plans, etc by various macro-economic scenarios.

The team is also responsible for monitoring the health of the portfolio and updating the business on any concerning trends.

The candidate will be part of the core forecasting team and will be responsible for helping the broader team to come up with accurate forecasts of different risk metrics for each forecasting cycle.

This team will also be responsible in doing walk analysis, coming up with the story around how forecasts are compared and building 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 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 :

Community Awareness

Responsibilities include :

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

Explain the variations in 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.

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

Work closely with upstream and downstream partners to communicate outcomesand 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 - Thursday, 1 PM - 10 PM IST and Friday, 11 AM 8 PM IST

Qualifications

  • Bachelor's degree in aquantitative discipline; Math, Finance, Statistics, Economics or equivalentwork / training is required;
  • advanced degree is preferred

    10+ years of related analyticalexperience and 3+ years as people manager

    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

    8+ years of SAS (including SASMacros) & SQL programming experience (PC, UNIX or mainframe). Knowledge ofTableau preferred

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

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