Risk Management - Auto Collections Risk - Senior Associate

Location: Plano, TX, 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 management in our Consumer & Community Banking division. As a Senior Associate in Risk Management - Auto Collections Risk, you will play a pivotal role in driving the success of our auto loan portfolio. Based in our state-of-the-art facility in Plano, TX, you will leverage advanced analytics and strategic insights to optimize collections processes, mitigate potential losses, and enhance overall portfolio performance. This position offers the opportunity to contribute to high-impact projects that support millions of customers while advancing your career in a dynamic, supportive environment renowned for its emphasis on professional growth and work-life balance. In this role, you will develop cutting-edge risk strategies tailored to the auto lending sector, analyzing vast datasets to predict delinquency patterns and prioritize collections efforts. Collaborating with teams across underwriting, compliance, and technology, you will implement data-driven solutions that align with JP Morgan's rigorous standards for risk governance and regulatory adherence. Your work will directly influence key metrics such as recovery rates and net charge-offs, ensuring our auto finance operations remain resilient amid economic fluctuations. This is an ideal position for a seasoned professional passionate about applying quantitative expertise to real-world financial challenges. Joining JP Morgan Chase means becoming part of a world-class institution that values diversity, inclusion, and sustainable practices. We offer competitive compensation, comprehensive benefits, and unparalleled resources for career development, including access to global networks and leadership opportunities. If you thrive in a collaborative setting and are eager to innovate in risk management, this Senior Associate role will allow you to make a meaningful impact on our auto collections strategy while growing alongside industry leaders.

Key Responsibilities

• Develop and execute innovative risk strategies for auto loan collections to optimize recovery rates and minimize losses
• Analyze portfolio performance data to identify trends in delinquency and default risks, providing actionable insights to senior leadership
• Collaborate with cross-functional teams including underwriting, legal, and operations to enhance collections processes
• Build and maintain predictive models for collections prioritization using statistical and machine learning techniques
• Monitor and report on key risk metrics, ensuring compliance with internal JP Morgan policies and external regulations
• Lead initiatives to mitigate operational risks in auto finance collections, such as fraud detection and process automation
• Conduct scenario analysis and stress testing for auto loan portfolios to support strategic decision-making
• Mentor junior analysts and contribute to the continuous improvement of risk management frameworks
• Partner with technology teams to implement data-driven tools for real-time collections risk assessment
• Drive performance improvements by recommending adjustments to collections strategies based on market and economic conditions

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field
• Minimum of 5 years of experience in risk management, collections, or credit risk analysis within the financial services industry
• Proven track record in developing and implementing risk strategies for auto loans or consumer lending portfolios
• Strong understanding of regulatory requirements such as FCRA, FDCPA, and Basel III in the context of collections and risk mitigation
• Experience with data analysis tools and programming languages used in financial risk modeling
• Ability to work collaboratively in a fast-paced environment with cross-functional teams
• Professional certification such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline
• Prior experience at a major financial institution like JP Morgan Chase in auto finance or collections risk
• Familiarity with JP Morgan's proprietary risk management systems and tools
• Demonstrated leadership in optimizing collections processes to reduce losses in high-volume portfolios
• Knowledge of machine learning applications in predictive risk modeling for consumer credit

Required Skills

• Proficiency in SQL for querying large financial datasets
• Expertise in Python or R for statistical modeling and data analysis
• Strong knowledge of credit risk modeling techniques, including logistic regression and decision trees
• Experience with SAS or similar tools for risk analytics in banking
• Analytical thinking and problem-solving skills for complex risk scenarios
• Excellent communication skills for presenting findings to stakeholders
• Project management abilities to lead risk initiatives from inception to execution
• Attention to detail in regulatory compliance and data accuracy
• Team collaboration and leadership in multicultural environments
• Understanding of auto finance products and collections workflows
• Machine learning fundamentals for predictive analytics
• Financial acumen in assessing portfolio risks and returns
• Adaptability to evolving market conditions in consumer lending
• Proficiency in Microsoft Excel and advanced visualization tools like Tableau
• Ethical judgment in handling sensitive customer financial data

Benefits

• Comprehensive health, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous company matching up to 6% of eligible compensation
• Annual performance-based bonuses and stock awards as part of total compensation
• Paid time off including vacation, sick days, and parental leave
• Professional development programs, including tuition reimbursement and access to JP Morgan's internal training academy
• Wellness programs with gym memberships, mental health support, and employee assistance services
• Flexible work arrangements, including hybrid options in Plano, TX
• Employee stock purchase plan and financial planning resources tailored to financial services professionals

JP Morgan Chase is an equal opportunity employer.