Risk Management - Card Acquisition - Senior Associate

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 management in our Consumer Banking division. The Risk Management - Card Acquisition - Senior Associate role in Wilmington, DE, plays a critical part in supporting the qualification and credit decision criteria for consumer card prescreen acquisitions. As a Senior Associate in the Risk Analytics/Modeling category, you will contribute to building a robust portfolio of credit card products while mitigating risks associated with customer acquisition. This position involves leveraging data-driven insights to ensure decisions align with our risk appetite, regulatory requirements, and business objectives, helping millions of customers access responsible credit solutions. In this role, you will work closely with analytics, product, and compliance teams to develop and refine models that evaluate applicant creditworthiness during prescreen processes. Responsibilities include analyzing vast datasets to identify patterns in consumer behavior, testing decision thresholds to optimize approval rates without increasing defaults, and providing actionable recommendations to enhance acquisition strategies. You will also monitor portfolio performance post-acquisition, ensuring adherence to frameworks like Basel III and internal JP Morgan policies, while responding to evolving market conditions and regulatory changes in the financial services industry. We value professionals who thrive in a collaborative, high-stakes environment and bring a passion for quantitative analysis to drive sustainable growth. This opportunity offers exposure to cutting-edge risk technologies and the chance to impact one of the world's largest card portfolios. Join JP Morgan Chase to advance your career in risk management while contributing to our mission of enabling economic opportunity for all.

Key Responsibilities

• Develop and support qualification and credit decision criteria for consumer card prescreen acquisitions to optimize portfolio growth while managing risk
• Analyze historical data and performance metrics to refine risk models and decision thresholds for card applications
• Collaborate with analytics teams to build and validate predictive models for creditworthiness assessment
• Monitor and report on key risk indicators, including approval rates, default rates, and portfolio performance
• Conduct ad-hoc analyses to support strategic initiatives in card acquisition and respond to regulatory inquiries
• Partner with business stakeholders to balance risk appetite with acquisition goals in compliance with internal policies
• Utilize advanced analytics to identify trends in consumer behavior and recommend adjustments to prescreen strategies
• Ensure all decisioning processes adhere to JP Morgan Chase's risk management standards and federal regulations
• Contribute to the ongoing enhancement of automated decisioning systems for efficient card approvals

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field
• Minimum of 3-5 years of experience in credit risk management, analytics, or modeling within the financial services industry
• Strong understanding of consumer credit products, including credit cards and prescreen acquisition strategies
• Proficiency in data analysis and statistical modeling using tools like SQL, Python, or R
• Experience with regulatory compliance in credit decisioning, such as FCRA and ECOA
• Ability to work with large datasets and perform risk assessments in a fast-paced environment
• Excellent communication skills to collaborate with cross-functional teams in risk and business operations

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline
• Prior experience at a major financial institution like JP Morgan Chase in card services or consumer banking
• Certification in credit risk (e.g., FRM or CFA Level I)
• Hands-on experience with machine learning applications in credit scoring
• Knowledge of JP Morgan's internal risk management frameworks and tools

Required Skills

• Credit risk modeling and statistical analysis
• Proficiency in SQL for data querying and manipulation
• Experience with Python or R for data science and modeling
• Knowledge of machine learning techniques for predictive analytics
• Strong analytical and problem-solving abilities
• Attention to detail in regulatory compliance and reporting
• Effective communication and presentation skills
• Project management in cross-functional environments
• Understanding of financial metrics like PD, LGD, and EAD
• Data visualization tools such as Tableau or Power BI
• Risk assessment and decisioning framework development
• Adaptability to evolving regulatory landscapes
• Team collaboration and stakeholder management
• Quantitative research and hypothesis testing

Benefits

• Comprehensive health, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous company matching
• Paid time off including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for advanced education
• Employee stock purchase plan and performance-based bonuses
• Wellness programs including gym memberships and mental health support
• Flexible work arrangements and hybrid options in Wilmington, DE
• Access to JP Morgan Chase's global mobility and career advancement opportunities

JP Morgan Chase is an equal opportunity employer.