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Executive Director - Acquisition Risk Pricing

at JPMorgan Chase in Wilmington, Delaware, United States

Job Description

Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million 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. Chase is the No. 1 credit card issuer in the U.S., with 69 million credit cards in circulation. Risk management in Card is a critical functional to control the risk and contribute to revenue generation. Card acquisition risk is a strategic group with innovative initiatives to shape the new acquisition and contribute to the bottom line.

As a Director of Pricing for Acquisition Risk within Chase Card Services, you will be responsible to set the strategic direction for pricing analytics within risk. You will work with product owners in Marketing and Finance to drive price optimization framework. You will ensure that the pricing strategies drive strong financial performance, while maintaining strong risk controls. The director will regularly meet with senior leaders and team members in Risk Management, Finance, Lending and Marketing to drive business forward.

Specifically, the Director will:

+ Develop and maintain pricing segmentation by conducting complex analysis to segment data and isolate risk.

+ Establish a robust price testing framework working with product owners to enable quick learnings and drive strategy optimization.

+ Work with Credit modeling on building better risk differentiation models using both internal and external credit data

+ Drive thought leadership withing Risk to better integrate Pricing, Underwriting and Credit Line decisions to allow more prudent lending.

+ Support launch of new products and channels by evaluating loss, profitability and anticipated behavior given the product constructs

+ Monitor the current loss and delinquency trends to inform strategy adjustments

+ Support ongoing internal and external audits by maintain strong documentation and controls

+ Demonstrate strong strategic thinking, operational excellence leadership and control oriented mentality

Qualifications:

+ Bachelor’s degree in a quantitative discipline ( Finance/Statistics/Economics/Mathematics/Operations Research ) is required; advanced degree is preferred

+ 12+ years of Credit Risk Management and/or Marketing Analytics in financial industry, preferably credit cards.

+ Proven ability to coach and develop team to deliver results and create long-term assets for the firm

+ Strong P&L knowledge and understanding of drivers of profitability is a must.

+ Strong understanding or working knowledge of Credit Risk Models including Machine Learning and Logistic regression models preferred

+ Strong analytical, interpretive and problem solving skills with the ability to develop common sense solutions to complex business challenges

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity Employer/Disability/Veterans

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Job Posting: JC223019941

Posted On: Sep 05, 2022

Updated On: Nov 27, 2022