Job DescriptionOAs a Risk Management - Strategic Analytics Associate within Consumer & Community Banking Risk Management, you are responsible for the development and maintenance of Pescreen strategies across Consumer Card products.. 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) serves 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
Job Responsibilities - Conduct complex analysis to support consumer new account offer generation.
- Develop and refine criteria that enhances the return on investment of consumer credit risk strategies.
- Analyze risk inputs and conduct research and analysis of the performance and profitability of existing strategies while working to ensure adherence to regulatory based initiatives, procedural alignment with Risk Policy and a strong control environment.
- Perform quantitative analysis of customer credit card behaviors, revenue drivers, and expense drivers to develop present value forecasts of various investment alternatives.
- Manage the prioritization of technology investments through analysis and evaluation to predict and compare profitability of various enhancements in the pipeline.
- Provide consistent framework to assess loss and profitability dynamics associated with credit decisions in normal as well as stressed economic scenarios.
- Provide analytical support to the strategy teams in developing robust methodology, algorithm, and financially sound evaluation framework for credit risk strategies.
- Utilize knowledge of risk modeling, profitability modeling, and relevant statistical knowledge to develop risk analysis framework that is consistent with the firm's risk appetite framework.
- Partner closely with other strategy areas of Risk, Marketing, and Finance to coordinate integration of risk appetite framework into credit strategies.
Required qualification, skills and capabilities - A Bachelor's degree in a quantitative discipline (Finance/Statistics/Economics/Mathematics/Operations Research) or equivalent work/training is required.
- 4+ years of risk management or financial services experience
- Strong P&L knowledge and understanding of profit drivers.
- Excellent oral and written communication skills.
- Ability to develop common-sense solutions to complex business challenges.
- Ability to logically structure analyses using strong analytical, interpretive, and problem-solving skills.
- Ability to translate complex analysis into concise presentations with sound business conclusions.
- Strong knowledge of SAS and SQL.
- Familiarity with current analytical techniques, e.g. regression, decision trees and segmentation techniques
- Ability to partner and collaborate to effectively drive change across functions and geographies
Preferred qualification, skills and capabilities - Master's degree preferred.
- 4+ years of risk management or financial services experience, preferably in strategy development.
- Preferred knowledge in Python.
About the TeamOur 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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.
