CCB-Risk- Credit Forecasting- New Business Initiatives Forec
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Wilmington, DE 19806
CCB-Risk- Credit Forecasting- New Business Initiatives Forecasting Vice President
JPM Chase & Co . (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Chase Consumer & Community Banking (CCB) s erves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
The CCB credit forecasting function is responsible for reporting and forecasting of loan losses, allowances, margin and capital. The function uses multiple approved models for predicting the future performance of the credit portfolio for BAU planning & reporting. In addition the team is also responsible for production, reporting and analytics for stress losses under CCAR, ICAAP and Risk Appetite scenarios.
We are seeking a Vice President to join the CCB Credit Forecasting team focused on forecast ownership for new business initiatives. The incumbent will lead several initiatives and work streams necessary to support new product launches and their incorporation into the forecast including stress testing and Risk Appetite. This is a very high visibility role and will include substantial interaction and communication with C-level officers in the business. The candidate will collaborate closely with various key stakeholders across the Firm, including Credit Risk Management, Risk Modeling, Model Validation, Finance, Controllership, Corporate Accounting Policy, Technology, Program Management as well as colleagues within the Forecasting teams.
+ Define forecasting and modeling requirements to ensure the allowance forecasts are compliant with accounting policy.
+ Establish, define, and implement the business operating model for new business, which entails a thorough understanding of the end-to-end forecast and allowance process and associated infrastructure;
+ Engage stakeholders and senior management in new business initiatives operating model prior to go-live
+ Perform various ad-hoc analytics to inform decision making
+ Partner with technology to develop reporting and analytics tools by providing business requirements
+ Prepare presentations for senior management and other key stakeholders
+ Create and maintain comprehensive documentation and standard operating procedures related to the forecast and allowance process
+ Act as subject matter expert on forecast and allowance and serve as primary point of contact for internal and external stakeholders
+ Minimum 7-10 years of relevant experience,preferably within credit risk and analytics. Preferably with creditforecasting experience, including allowances and CCAR, within consumerbusinesses.
+ Knowledge of and experience with forecasting ormodeling for CECL and/or IFRS9 allowance
+ Proven track record of delivering high qualityresults within tight deadlines; ability to manage multiple priorities
+ Strong analytical, problem solving, and processre-engineering skills
+ Investigative mindset, able to see issues at both ahigh level and in detail
+ Very strong verbal and written communication skillsas there will be substantial exposure and update to C-level officers,regulators and external auditor
+ Energetic self-starter who takes ownership tocreatively solve problems and drive initiatives
+ Strong team player, comfortable working with alllevels of the organization
+ Interest and ability to work in a fast-paced anddynamic environment
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.