What are the responsibilities and job description for the Business Lending Risk Analytics - Associate position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.
As a Strategic Analytics Associate on the Business Banking team, you will be responsible for working with the business banking risk team to generate thoughtful analytics and recommendations concerning strategy development, implementation, operational controls, and performance monitoring.
Job Responsibilities:
- Conduct thoughtful analysis of borrowers, their demographics, and risk/profit performance with the firm’s products.
- Generate strategic recommendations for strategy development based on quantitative analytics and business intuition. Strategies are optimized to maximize profitability while minimizing risk.
- Develop and maintain periodic reporting and analytics on key metrics to provide management with emerging trends including (but not limited to) volumes, modification/settlement rates and recovery rates of delinquent accounts.
- Acquire an understanding of the operational processes (i.e. manual underwriting, portfolio management, collections, etc.) which will aid in understanding past due account collection performance drivers.
- Conduct pre-implementation and post-implementation testing & analysis to ensure strategic changes produce expected impacts.
- Contribute to the team’s ‘audit-ready’ state by keeping organized documentation, following established control processes, and developing draft responses to internal audit and regulatory questions.
Required Qualifications, Capabilities and Skills:
- Bachelor's degree with 5 years of professional experience related to risk management or other quantitative field of work
- Master's degree with 3 years of professional experience related to risk management or other quantitative field of work
- Background in statistics, econometric, or other quantitative field
- Advanced understanding of SAS, SAS Enterprise Miner, or other decision tree software
- Ability to query large amounts of data and transform the raw data into actionable management information
- Familiarity with risk analytic techniques and strong problem solving skills
- Strong written and verbal communication skills
Preferred Qualifications, Capabilities and Skills:
- Master's degree
- Intellectually curious and driven to identify meaningful insights using a data guided approach
- Strong knowledge of debt collection regulations and practices
- Experience delivering recommendations to management
