Card Portfolio Risk Management, Executive Director

Location: Wilmington, DE, United States

Job Family: Risk Analytics/Modeling

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to innovation and risk excellence. As an Executive Director in Card Portfolio Risk Management within our Consumer & Community Banking division, you will play a pivotal role in enhancing the risk framework for our consumer card services portfolio. Based in Wilmington, DE, this position involves leading efforts to boost financial performance through sophisticated risk analytics and modeling, while strengthening controls to navigate the dynamic credit landscape. You will report to senior risk leadership and collaborate with teams across the firm to ensure our card products deliver value to customers while maintaining the highest standards of safety and soundness. Your core responsibilities will include developing advanced risk models for portfolio optimization, conducting comprehensive stress tests, and providing actionable insights to mitigate potential losses. Leveraging your deep expertise in quantitative finance, you will analyze key metrics such as default probabilities and loss severities, integrating macroeconomic forecasts and behavioral data specific to JP Morgan Chase's vast cardholder base. This role demands a proactive approach to regulatory compliance, including adherence to CCAR, Basel accords, and internal governance, ensuring our portfolio remains resilient against economic volatility and emerging threats like digital fraud. In this executive leadership position, you will mentor a team of analysts and drive strategic initiatives that align risk management with business growth objectives. JP Morgan Chase values diverse perspectives and offers a collaborative environment where your contributions can shape the future of consumer lending. If you are passionate about leveraging data to drive decisions in a world-class institution, this opportunity allows you to make a meaningful impact on one of the largest card portfolios in the industry.

Key Responsibilities

• Lead the development and enhancement of risk management strategies for the Consumer Card Services portfolio to optimize financial performance and mitigate risks
• Oversee portfolio-level stress testing, scenario analysis, and early warning indicators to ensure robust risk controls
• Collaborate with cross-functional teams including product, finance, and compliance to integrate risk insights into business decisions
• Drive the implementation of advanced analytics and modeling techniques to improve portfolio profitability and regulatory adherence
• Monitor key risk metrics such as delinquency rates, utilization, and loss rates, providing executive-level reporting and recommendations
• Ensure compliance with internal JP Morgan Chase policies and external regulations like Dodd-Frank and IFRS 9
• Mentor and develop a team of risk analysts, fostering a culture of innovation in risk management
• Identify emerging risks in the credit card market, including macroeconomic factors and competitive dynamics
• Support strategic initiatives for portfolio growth while maintaining acceptable risk-return profiles

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field; advanced degree (Master's or PhD) strongly preferred
• 10+ years of experience in risk management, portfolio analytics, or credit risk modeling within the financial services industry
• Proven track record in managing consumer credit card portfolios, including stress testing and regulatory compliance
• Deep expertise in quantitative risk modeling, including probability of default (PD), loss given default (LGD), and exposure at default (EAD) models
• Strong understanding of Basel III/IV regulations, CCAR, and other banking risk frameworks applicable to JP Morgan Chase
• Experience leading cross-functional teams in a large financial institution, with a focus on data-driven decision making

Preferred Qualifications

• CFA, FRM, or similar professional certification in risk management or finance
• Prior experience at a major bank like JP Morgan Chase, with involvement in consumer card services or similar lending products
• Familiarity with machine learning applications in credit risk assessment
• Knowledge of JP Morgan Chase's internal risk management systems and tools

Required Skills

• Advanced proficiency in statistical modeling and data analysis using SAS, R, or Python
• Expertise in SQL for querying large financial datasets
• Strong knowledge of credit risk metrics and portfolio management techniques
• Experience with regulatory reporting tools and frameworks
• Proficiency in Excel and advanced visualization tools like Tableau or Power BI
• Excellent communication skills for presenting complex risk data to senior executives
• Analytical problem-solving with a focus on quantitative finance
• Leadership and team management abilities in high-stakes environments
• Understanding of machine learning algorithms for predictive modeling
• Project management skills for overseeing risk initiatives
• Attention to detail in compliance and audit processes
• Adaptability to fast-paced financial industry changes
• Strategic thinking for balancing risk and business growth

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company match
• Paid time off, including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and leadership training
• Employee stock purchase plan and other financial wellness programs
• On-site fitness centers and wellness initiatives at JP Morgan Chase locations
• Flexible work arrangements and hybrid work options in Wilmington, DE

JP Morgan Chase is an equal opportunity employer.