Risk Management - Credit Risk - Vice President

Location: Wilmington, DE, United States

Job Family: Risk Analytics/Modeling

About the Role

At JPMorgan Chase, we are at the forefront of financial services innovation, and our Risk Management teams play a pivotal role in safeguarding the firm's stability and growth. As a Vice President in Credit Risk within the Risk Analytics/Modeling group, you will join a dynamic team dedicated to developing sophisticated models that underpin our credit decision-making processes. Based in Wilmington, DE, this role offers the opportunity to contribute to the resilience of one of the world's largest financial institutions by analyzing credit portfolios across consumer, commercial, and investment banking sectors. You will work closely with data scientists, quants, and business leaders to ensure our credit risk strategies align with both internal objectives and stringent regulatory standards, ultimately helping to mitigate potential losses and support sustainable profitability. Your core responsibilities will involve leading the design and enhancement of credit risk models, including those for probability of default, loss given default, and exposure at default, while incorporating advanced analytics to handle complex datasets from JPMorgan Chase's vast operations. You will perform rigorous validation and back-testing of these models, ensuring they withstand regulatory scrutiny from frameworks like Basel III and CCAR. Additionally, you will collaborate on stress testing exercises to simulate economic downturns, providing actionable insights that inform executive decisions and portfolio adjustments. This position demands a blend of technical expertise and strategic thinking, as you identify emerging risks from factors such as market volatility or sector-specific challenges, and recommend proactive measures to fortify our credit exposures. JPMorgan Chase values professionals who thrive in a collaborative, high-stakes environment and are committed to continuous learning. In this role, you will have access to cutting-edge tools and resources, mentoring opportunities, and the chance to influence firm-wide risk policies. If you are passionate about leveraging data to drive risk-informed decisions in the financial services industry, this Vice President position offers a rewarding path to advance your career while contributing to the enduring strength of JPMorgan Chase.

Key Responsibilities

• Develop, implement, and maintain advanced credit risk models to assess and quantify portfolio risks across various asset classes
• Conduct model validation and performance monitoring to ensure compliance with internal standards and regulatory requirements
• Collaborate with business lines, including Corporate & Investment Bank and Consumer & Community Banking, to provide credit risk insights and recommendations
• Perform stress testing and scenario analysis to evaluate the resilience of credit portfolios under adverse economic conditions
• Analyze emerging credit risks, such as those from macroeconomic trends or geopolitical events, and propose mitigation strategies
• Support regulatory reporting and interactions with bodies like the Federal Reserve, ensuring accurate representation of JPMorgan Chase's credit risk profile
• Mentor junior analysts and contribute to the continuous improvement of risk management methodologies within the team
• Leverage data analytics to identify patterns in credit data and enhance predictive modeling capabilities
• Participate in cross-functional initiatives to integrate credit risk considerations into broader enterprise risk frameworks

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field; advanced degree (Master's or PhD) preferred
• Minimum of 7-10 years of experience in credit risk management, modeling, or analytics within the financial services industry
• Proven expertise in developing and validating credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD)
• Strong understanding of regulatory frameworks such as Basel III, CCAR, and Dodd-Frank requirements for credit risk
• Experience with statistical software and programming languages used in risk modeling
• Demonstrated ability to manage complex projects and collaborate with cross-functional teams in a large financial institution
• Excellent analytical and problem-solving skills with a track record of applying data-driven insights to mitigate credit risks

Preferred Qualifications

• CFA, FRM, or similar professional certification in risk management or finance
• Prior experience at a major bank like JPMorgan Chase, with exposure to wholesale or retail credit portfolios
• Knowledge of machine learning techniques applied to credit risk assessment
• Experience leading teams in model development and regulatory stress testing
• Familiarity with JPMorgan Chase's internal risk management systems and tools

Required Skills

• Proficiency in statistical modeling and quantitative analysis
• Expertise in Python, R, SAS, or MATLAB for data manipulation and model building
• Knowledge of SQL for querying large financial datasets
• Strong understanding of credit risk metrics and financial instruments
• Experience with regulatory compliance and audit processes
• Excellent communication skills for presenting complex risk analyses to senior stakeholders
• Project management abilities to handle multiple priorities in a fast-paced environment
• Analytical thinking to interpret economic data and forecast credit trends
• Team collaboration and leadership in multidisciplinary settings
• Attention to detail in model documentation and validation
• Adaptability to evolving regulatory landscapes in banking
• Proficiency in Microsoft Excel and advanced visualization tools like Tableau
• Problem-solving skills for troubleshooting model discrepancies
• Time management to meet tight deadlines in risk reporting
• Ethical judgment in handling sensitive financial data

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off, including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and access to JPMorgan Chase's internal training programs
• Employee stock purchase plan and other financial wellness benefits
• Wellness programs, including gym memberships and mental health support
• Flexible work arrangements and relocation assistance for eligible roles

JP Morgan Chase is an equal opportunity employer.