Risk Management - Insurance - Credit Risk Vice President

Location: New York, NY, United States

Job Family: Credit Risk

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a proud history of innovation and client service. As a Vice President in Risk Management - Insurance - Credit Risk, you will play a pivotal role in safeguarding our insurance and credit portfolios against emerging threats. Based in our dynamic New York office, you will lead initiatives to assess, quantify, and mitigate credit risks inherent in insurance-linked investments and lending activities. This position demands a strategic mindset to navigate complex regulatory landscapes and market volatilities, ensuring our firm remains resilient in a competitive industry. Your core responsibilities will include overseeing the end-to-end credit risk framework, from developing sophisticated models for exposure analysis to implementing proactive mitigation strategies. You will collaborate with teams across Asset & Wealth Management, Corporate & Investment Bank, and Commercial Banking to integrate risk insights into business decisions. At JP Morgan Chase, we value data-driven approaches, and you will leverage advanced analytics to conduct stress tests and scenario planning, providing actionable recommendations to senior leadership. This role offers the opportunity to influence firm-wide policies while mentoring emerging talent in risk management. We seek a seasoned professional passionate about the intersection of finance and insurance, with a commitment to excellence and integrity. Joining JP Morgan Chase means contributing to a culture of inclusion and innovation, where your expertise will drive sustainable growth. This Vice President position is ideal for those ready to lead in a high-impact environment, supported by robust resources and a global network.

Key Responsibilities

• Lead the development and implementation of credit risk strategies for JP Morgan Chase's insurance and lending portfolios
• Oversee the assessment of credit exposures, including modeling and scenario analysis for potential risks
• Collaborate with senior stakeholders to design and execute risk mitigation tactics, such as hedging and portfolio diversification
• Monitor regulatory compliance and ensure alignment with evolving standards in the financial services sector
• Conduct stress testing and provide insights on risk appetite to executive leadership
• Mentor and manage a team of risk analysts, fostering a culture of proactive risk identification
• Analyze market trends and economic indicators to anticipate credit risks in insurance-linked investments
• Prepare reports and presentations for risk committees and regulatory bodies
• Drive integration of advanced analytics and AI tools into credit risk frameworks

Required Qualifications

• Bachelor's degree in Finance, Economics, Risk Management, or a related field; advanced degree (MBA, Master's in Finance) preferred
• 8+ years of experience in credit risk management within the financial services industry, with at least 3 years in insurance-related risk
• Proven track record in leading risk assessment and mitigation strategies for credit portfolios
• Strong knowledge of regulatory frameworks such as Basel III, Dodd-Frank, and insurance-specific regulations like NAIC standards
• Experience with quantitative risk modeling and stress testing in a banking or insurance context
• Ability to manage cross-functional teams in a high-stakes financial environment

Preferred Qualifications

• CFA, FRM, or similar professional certification
• Prior experience at a major financial institution like JP Morgan Chase
• Deep expertise in insurance products and credit risk in asset-backed securities
• Familiarity with JP Morgan's internal risk management systems and tools
• International exposure to global credit markets and regulatory environments

Required Skills

• Expertise in credit risk modeling and quantitative analysis
• Proficiency in financial software like SAS, MATLAB, or Python for risk simulations
• Strong understanding of insurance products and actuarial principles
• Excellent analytical and problem-solving abilities
• Leadership and team management skills
• Effective communication for presenting complex risk data to executives
• Knowledge of regulatory compliance in banking and insurance
• Strategic thinking for long-term risk mitigation
• Project management in fast-paced environments
• Attention to detail in data-driven decision-making
• Adaptability to evolving market conditions
• Interpersonal skills for cross-functional collaboration
• Familiarity with big data analytics and machine learning in finance
• Risk assessment and scenario planning expertise
• Ethical judgment in high-stakes financial decisions

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance coverage
• 401(k) retirement savings plan with generous company match
• Paid time off, including vacation, sick leave, and parental leave
• Professional development programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness initiatives at JP Morgan Chase offices
• Global mobility opportunities and career advancement support

JP Morgan Chase is an equal opportunity employer.