JP Morgan Chase & Co.

Associate, Card Risk Strategy

JP Morgan Chase & Co.$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field (Finance, Statistics, Economics, Math, Operations Research)
  • 3+ years of experience in consumer lending or retail credit
  • Strong quantitative and qualitative finance skills
  • Proven strategic thinking and execution capabilities
  • Experience collaborating across multiple teams in large organizations
  • Excellent analytical skills for complex decision making
  • Proficiency with analytic tools like SAS, SQL, Python, or Tableau

Responsibilities

  • Define the Credit Box with Product GMs, Finance, and Credit Risk teams
  • Lead strategy collaboration with Product and Finance to achieve credit goals
  • Assess new credit opportunities with product and risk teams
  • Establish reviews and processes for executing credit box assumptions
  • Define variables for new credit models and work with modeling teams
  • Develop metrics to monitor acquisitions performance and report to leadership
  • Shape credit policies, underwriting standards, and risk management frameworks
  • Ensure compliance with banking regulations related to credit risk
  • Facilitate coordination across risk, underwriting, legal, and finance teams for balanced growth

Benefits

  • Join a leading team in the U.S. for credit card sales and deposit growth
  • Be part of the most-used digital solutions ranked first in customer satisfaction
  • Contribute to responsible portfolio growth with affluent segments
  • Collaborate with diverse teams across business lines
  • Drive innovative strategies within a dynamic financial services environment
Full Job Description
Job Description

As a Card Risk Strategy Associate in the Card Credit Decisioning Unit, you will lead efforts to expand our credit card portfolio by developing innovative strategies for affluent, high-line, high net-worth credit segments. You will collaborate with internal teams to ensure sound lending decisions that align with our financial goals and risk appetite. Your work will be pivotal in managing risk-taking activities for card originations, ensuring we continue to grow responsibly. You will play a key role in defining the risk appetite for Card acquisitions, managing credit risk, ensuring sound lending decisions that balance value creation and prudent risk management.

Job Responsibilities:
  • Define the Credit Box in partnership with Product GM's, Finance, and the second line of defense Credit Risk team
  • Lead alignment with Product, Finance, and Risk to define and execute on strategies to achieve credit goals
  • Partner closely with product and risk teams in assessing new credit opportunities. Define an execution plan for new credit opportunities
  • Set up reviews and processes to ensure we are executing well on our credit box assumptions
  • Partner with risk strategies in defining variables that would be included in new credit models and interface with the modeling team on the acquisitions modeling suite and roadmap
  • Develop and implement metrics to track acquisitions performance. Lead the report outs for performance monitoring to senior leadership
  • Help shape credit policies, underwriting standards, and risk management frameworks
  • Ensure adherence to banking regulations and internal controls related to credit risk
  • Work with teams across business lines (e.g., risk, underwriting, legal, finance) to balance growth and risk
  • Provide approvals or recommendations for complex acquisitions related credit transactions


Required qualifications, skills and capabilities:
  • A Bachelor's degree or higher in a quantitative discipline (ex: Finance, Statistics, Economics, Mathematics, Operations Research, among others)
  • 3+ years of relevant experience in direct to consumer lending, originations, and/or retail credit experience at a complex large-scale financial services business
  • Exceptional quantitative and qualitative finance and analytical skills
  • Demonstrated strategic thinking and execution skills; insight and ability to proactively identify opportunities to innovate and improve the business
  • Proven experience in collaborating across teams and lines of business within large organizations
  • Excellent analytical skills with the ability to leverage data and anecdotal feedback to structure complex problems and make decisions
  • Previous experience with either SAS, SQL, Python, or Tableau analytic tools (other coding languages would be considered)


Applicants must be authorized to work for any employer in the US. We are not able to provide immigration sponsorship or take over sponsorship of an employment visa at this time. Final job grade level and corporate title will be determined at time of offer and may differ from this posting.

About the Team

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

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For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

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Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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