Credit Risk -Senior Associate- Card Consumer Acquisitions

Location: Bengaluru, Karnataka, India

Job Family: Credit Risk

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in India, committed to innovation in consumer banking and credit solutions. The Credit Risk - Senior Associate - Card Consumer Acquisitions role in our Bengaluru office offers an exciting opportunity to join a dynamic team focused on expanding our credit card portfolio while mitigating risks in a competitive market. As a Senior Associate, you will play a pivotal role in shaping acquisition strategies that balance growth with prudent risk management, leveraging cutting-edge analytics to drive decisions in one of the world's largest consumer lending environments. In this position, you will be responsible for developing robust credit risk models tailored to consumer card applications, analyzing vast datasets to evaluate applicant profiles, and collaborating with cross-functional teams to optimize approval processes. You will monitor portfolio performance, conduct stress tests under various economic scenarios, and ensure adherence to global standards like Basel III and local RBI regulations. Your work will directly impact JP Morgan Chase's ability to serve millions of customers responsibly, contributing to sustainable portfolio expansion in the Indian market. We seek a proactive professional with a solid foundation in quantitative finance and credit risk, passionate about using data-driven insights to navigate the complexities of consumer lending. This role provides exposure to advanced technologies and high-impact projects, fostering professional growth within JP Morgan's renowned risk management framework. Join us to make a meaningful difference in financial inclusion and risk innovation.

Key Responsibilities

• Develop and implement credit risk strategies for consumer card acquisitions to optimize portfolio growth while managing default risks
• Analyze applicant data using statistical models to assess creditworthiness and recommend approval/decline decisions
• Collaborate with product, marketing, and underwriting teams to refine acquisition criteria and enhance customer onboarding processes
• Monitor key performance indicators (KPIs) such as approval rates, loss rates, and portfolio vintage analysis for card products
• Conduct stress testing and scenario analysis to evaluate the impact of economic changes on credit portfolios
• Ensure compliance with internal JP Morgan policies and external regulations in credit risk practices
• Leverage advanced analytics to identify emerging risks and opportunities in consumer lending trends
• Prepare reports and presentations for senior management on credit risk metrics and acquisition performance
• Support the integration of AI-driven tools for real-time credit decisioning in card applications
• Contribute to the continuous improvement of risk models through back-testing and validation processes

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field
• 3-5 years of experience in credit risk management, consumer lending, or credit card acquisitions within the financial services industry
• Strong understanding of credit risk assessment methodologies and regulatory requirements such as Basel III and RBI guidelines
• Proficiency in data analysis tools and programming languages like SQL, Python, or R
• Experience with credit scoring models and decisioning systems in consumer credit portfolios
• Ability to work in a fast-paced environment and collaborate with cross-functional teams
• Excellent communication skills with the ability to present complex risk data to stakeholders

Preferred Qualifications

• Master's degree in Finance, Risk Management, or a quantitative discipline
• Certification in credit risk such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Prior experience at a major financial institution like JP Morgan Chase or similar in card consumer acquisitions
• Knowledge of machine learning applications in credit risk modeling
• Experience with big data platforms like Hadoop or cloud-based analytics tools

Required Skills

• Credit risk modeling and analytics
• Statistical analysis and predictive modeling
• SQL and database querying
• Python or R programming for data manipulation
• Machine learning techniques for risk assessment
• Financial statement analysis
• Regulatory compliance knowledge (e.g., RBI, Basel)
• Data visualization tools like Tableau or Power BI
• Problem-solving and critical thinking
• Stakeholder communication and presentation skills
• Attention to detail in risk evaluation
• Team collaboration in cross-functional environments
• Time management in high-volume acquisition processes
• Adaptability to evolving financial technologies
• Quantitative aptitude for scenario modeling

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health insurance coverage including medical, dental, and vision plans
• Retirement savings plan with company matching contributions
• Paid time off, including vacation, sick leave, and parental leave
• Professional development opportunities through JP Morgan's learning programs and certifications
• Employee stock purchase plan and financial wellness resources
• Flexible work arrangements and hybrid office options in Bengaluru
• Access to global mobility programs and career advancement within JP Morgan Chase

JP Morgan Chase is an equal opportunity employer.