Risk Management - Strategic Analytics - Vice President

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 commitment to innovation and client-centric solutions. The Risk Management - Strategic Analytics - Vice President role within our Consumer Banking division offers an exciting opportunity to shape the future of credit risk strategies for flagship products like Chase Pay Over Time and My Chase Loan. Based in Wilmington, DE, you will play a pivotal role in managing credit risk policies that balance growth, profitability, and regulatory compliance in a dynamic lending environment. This position is ideal for a seasoned professional passionate about leveraging analytics to drive strategic decisions in one of the world's largest banks. In this role, you will lead the development and oversight of credit risk frameworks, conducting in-depth analyses to evaluate portfolio health and mitigate potential losses. Collaborating closely with product managers, data scientists, and compliance experts, you will refine approval processes, stress-test models under various economic scenarios, and ensure adherence to stringent regulations such as those from the Federal Reserve and CFPB. Your work will directly influence how millions of customers access flexible financing options, contributing to JP Morgan Chase's mission of empowering economic progress through responsible lending practices. We seek individuals who thrive in a collaborative, high-stakes setting and bring deep expertise in quantitative risk modeling. As a Vice President, you will also mentor team members and represent risk perspectives in executive forums, fostering a culture of excellence and innovation. Join JP Morgan Chase to advance your career while making a tangible impact on the financial services industry, supported by our robust resources and global network.

Key Responsibilities

• Develop and manage credit risk policies for Chase Pay Over Time, My Chase Loan, and related consumer lending products to ensure alignment with business objectives and regulatory standards
• Conduct strategic analytics to assess portfolio performance, identify emerging risks, and recommend policy adjustments
• Collaborate with product teams to integrate risk considerations into new feature launches and product enhancements
• Perform stress testing and scenario analysis on credit portfolios to evaluate potential impacts from economic downturns
• Monitor key risk metrics and provide executive reporting on credit exposure, loss rates, and policy effectiveness
• Lead initiatives to optimize approval criteria and pricing strategies while maintaining acceptable risk levels
• Engage with regulatory bodies and internal audit teams to ensure compliance and defend policy frameworks
• Mentor junior analysts and contribute to the development of risk management training programs
• Analyze competitor practices and industry trends to inform strategic risk policy evolution

Required Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field
• Minimum of 7-10 years of experience in credit risk management, policy development, or strategic analytics within the financial services industry
• Proven track record in managing credit risk for consumer lending products, such as installment loans or revolving credit lines
• Strong understanding of regulatory requirements including Basel III, Dodd-Frank, and consumer protection laws relevant to credit risk
• Experience with data analysis tools and statistical modeling in a banking environment
• Ability to collaborate with cross-functional teams including underwriting, product, and compliance groups

Preferred Qualifications

• Advanced degree (Master's or PhD) in a quantitative discipline such as Finance, Statistics, or Data Science
• Prior experience at a major financial institution like JP Morgan Chase, focusing on consumer credit products
• Certification in risk management, such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst)
• Hands-on experience with machine learning applications in credit risk assessment

Required Skills

• Proficiency in statistical modeling and data analysis using SAS, R, or Python
• Expertise in SQL for querying large financial datasets
• Strong knowledge of credit scoring models and predictive analytics
• Experience with risk management software like Moody's Analytics or similar tools
• Analytical thinking and problem-solving abilities
• Excellent communication skills for presenting complex risk insights to senior stakeholders
• Project management skills to lead cross-functional initiatives
• Attention to detail in policy documentation and regulatory reporting
• Adaptability to fast-paced environments and evolving regulatory landscapes
• Team collaboration and leadership in matrixed organizations
• Understanding of machine learning techniques for risk prediction
• Financial acumen in consumer lending and portfolio management
• Proficiency in Microsoft Excel and advanced visualization tools like Tableau
• Ethical judgment in handling sensitive customer data

Benefits

• Comprehensive health insurance coverage including medical, dental, and vision plans
• 401(k) retirement savings plan with generous company matching contributions
• Paid time off, including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and performance-based bonuses
• Wellness programs featuring gym memberships, mental health support, and financial wellness resources
• Flexible work arrangements, including hybrid options in Wilmington, DE
• On-site amenities at JP Morgan facilities, such as cafeterias and childcare services

JP Morgan Chase is an equal opportunity employer.