DescriptionBring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As an Associate within the Auto Risk Management team, you will be entrusted with the Collections Risk Strategy function. Your role will involve the development, execution, and monitoring of comprehensive collections credit risk management strategies for the auto loan and lease portfolio. Collaborating with stakeholders across the bank, you will leverage data and insights to evaluate the adequacy of collections strategies, identify opportunities for optimization, and develop innovative products and services to enhance performance. This role demands thought leadership, creative thinking, analytical skills, collaboration, and meticulous attention to detail to effectively mitigate losses and enhance recoveries in collections.
Job Responsibilities
- Perform complex analysis on credit risk and collections strategy effectiveness in order to identify emerging risks, assess effectiveness of existing strategies and ensure adherence to regulatory guidance
- Monitors industry and economic trends on automotive industry as well as changes in consumer behavior to understand impacts on collateral values and consumer willingness to repay debt
- Monitor operations & credit risk strategy performance and identify issues and recommendation to strengthen loss mitigation and & collections
- Challenge partners across supporting businesses to ensure alignment with risk requirements and other Credit Risk limits and metrics
- Prepare material for regular updates to senior risk leadership, risk forums, management & credit risk committees and regulators
- Comfortably answer ambiguous questions by forming a point of view and generating creative solutions that address the requests
- Support analytics for senior management requests, including responding to ad-hoc questions and prepare talking points for investor meetings/presentations
Required qualifications, capabilities, and skills
- Bachelor’s degree with a minimum of 2 years of relevant experience in Risk Management (underwriting/credit strategy/credit risk/collections)
- Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision making talents
- Strong communication skills, including active listening and the ability to capture and deliver key takeaways from engagements in writing
- Ability to query large amounts of data and transform the raw data into actionable management information
- Ability to problem solve synthesize / analyze diverse information, develop recommendations, and makes decisions
- Critical eye for detail and strong project management skills
- Ability to manage multiple priorities and deadlines, work independently, perform under pressure and balance competing priorities under tight deadlines
Preferred qualifications, capabilities, and skills
- Master’s degree is preferred
- Auto industry experience is a plus
- Experience with SAS, SQL, Teradata and Tableau
