Credit Risk -Senior Associate- Card Consumer Acquisitions
JPMorganChase
Chase Card Services is the leading credit card issuer in the U.S. With over $1 trillion in sales volume, we have been #1 in the industry since 2017. We have also been #1 in outstandings (loans) for more than 10 years and lead in top-of-wallet market share. We serve more than 50 million active accounts across our Chase Branded Cards business, which includes the Sapphire, Freedom, Slate consumer credit cards and Ink small business portfolio, and our Co-Brand Card business.
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 mass, near prime, and new to 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
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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)
- 5+ years of relevant experience in direct to consumer lending, originations, and/or retail credit experience at a complex large-scale financial services business
- Ability to evaluate and manage credit risk effectively
- 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
- Strong proficiency with executive-level presentation materials and briefings, and the ability to simplify complex subject matter into digestible executive communications
- 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)
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
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.
Opportunity to join credit risk consumer card acquisitions as Senior Associate