Risk Management - Risk Modeling - 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. As a Senior Associate in Risk Management - Risk Modeling, you will play a pivotal role in overseeing and driving the production of credit loss forecasts and loan loss reserves for all Chase credit cards. Based in our state-of-the-art facility in Plano, TX, you will contribute to maintaining the integrity of our consumer lending portfolio, ensuring robust risk analytics that support strategic business decisions in a dynamic financial landscape. Your primary focus will be on developing, validating, and monitoring advanced statistical models to predict credit losses and assess portfolio health. You will collaborate closely with teams across model risk, finance, and credit operations to integrate economic forecasts, stress testing scenarios, and regulatory requirements such as CCAR and DFAST. By leveraging cutting-edge tools and methodologies, you will help mitigate risks associated with Chase's extensive credit card offerings, safeguarding against potential financial downturns while optimizing capital allocation. This role demands a blend of technical expertise and business acumen, where you will prepare detailed reports for senior leadership and regulatory bodies, ensuring compliance with JP Morgan Chase's stringent standards. Opportunities for growth abound in our collaborative environment, where your insights directly influence the firm's risk strategy and contribute to delivering exceptional value to millions of customers worldwide.

Key Responsibilities

• Provide oversight and drive the production of credit loss forecasts and loan loss reserves for Chase credit cards
• Develop and validate statistical models for predicting credit risk and default probabilities
• Collaborate with cross-functional teams including model validation, finance, and business units to ensure accurate forecasting
• Analyze economic scenarios and stress testing impacts on credit portfolios under CCAR and DFAST requirements
• Monitor model performance and recommend enhancements to improve forecast accuracy
• Prepare regulatory reports and documentation for internal audits and external examinations
• Leverage advanced analytics tools to assess portfolio risks and identify emerging trends
• Support senior management in strategic decision-making related to credit risk exposure
• Ensure compliance with JP Morgan Chase's risk management policies and industry standards

Required Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field
• Minimum of 5 years of experience in credit risk modeling, forecasting, or analytics within the financial services industry
• Strong proficiency in statistical modeling and data analysis techniques
• Experience with credit loss forecasting and loan loss reserve calculations for consumer credit products
• Demonstrated ability to work with large datasets and regulatory reporting requirements
• Knowledge of Basel accords and CCAR/DFAST stress testing frameworks

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline such as Statistics or Financial Engineering
• Prior experience at a major financial institution like JP Morgan Chase in risk management roles
• Familiarity with Chase's credit card portfolio and consumer lending practices
• Certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)

Required Skills

• Statistical modeling and machine learning techniques
• Proficiency in programming languages like Python, R, or SAS
• Data manipulation and analysis using SQL and Excel
• Credit risk assessment and econometric modeling
• Strong analytical and problem-solving abilities
• Excellent communication skills for presenting complex data to stakeholders
• Attention to detail in regulatory compliance and reporting
• Time management and ability to handle multiple priorities
• Knowledge of financial instruments and consumer credit products
• Team collaboration and leadership in cross-functional environments
• Experience with big data tools like Hadoop or Tableau
• Quantitative risk analysis under stress testing scenarios
• Adaptability to evolving regulatory landscapes
• Project management for model development cycles

Benefits

• Comprehensive medical, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan's internal training programs
• Employee stock purchase plan and performance-based bonuses
• Wellness programs including gym memberships and mental health support
• Flexible work arrangements and hybrid options in Plano, TX
• Tuition reimbursement for advanced education and certifications

JP Morgan Chase is an equal opportunity employer.