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Chase Consumer & Community Banking - Head of Loss Forecasting – Managing Director

Job Description

Chase Consumer & Community Banking serves nearly 66 million consumers and 4 million small businesses with a broad range of financial services through our 137,000 employees.  Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Our Risk Management professionals work directly with Consumer Banking, Business Banking, Auto/Student Loan, Card and Commerce Services, Chase Wealth Management and Mortgage Banking to minimize, monitor and control the probability of risk events and mitigate the impact of risk events that do occur.

 

CCB Credit Forecasting team is a team of 150 that cuts across all of the Chase consumer products and is responsible for Credit Loss forecasting, ALL Reserve process, Risk Appetite, and Data and Basel integration work.  This includes baseline forecasting as well as CCAR and other stress forecasting and scenario work.

  • In this highly visible role, the Head of Loss Forecasting will drive technical thought leadership and best practice adoption across each of the sub-LOB teams within CCB Risk.   

  • Manage a high-performing team that leads advanced analyses to assess relationships and patterns driving loss performance and assess performance of existing models

  • Responsible for working with the sub-LOB and Corporate Risk and Corporate Finance teams (incl. Controller teams) to drive and deliver on strategies

  • Skillful at communicating key drivers of the loss forecasting model to both senior management as well as line of business executive management.
  • Manage cross functional commutations with Risk Management, Finance, Marketing and Collections to inform the forecast on current learnings and incorporate strategic initiatives
  • Manage interaction and communication with both internal and external regulators (i.e. FED, OCC, PWC, Internal Audit) on all aspects of the loss forecast

  • Communicate CCB Risk strategy across the spectrum of existing ALLL and forthcoming CECL standards as well as the matrix approach to Basel RWA strategy and data governance.  Manage and lead advanced analyses and reporting to deliver on stated strategies both within and across the various LOBs (Mortgage, Card, Auto and Business Banking)

  • Development of best in class documentation and operational risk and audit controls surrounding the loss forecasting

  • Development of improved reporting frameworks that evolve with business needs and data infrastructure enhancements. 

  • The candidate must have strong background in and leadership skills with

    • Analytical and project management-based frameworks (creative, risk taker, willing to think different, comfortable playing with data and challenging past methodological tenants)

    • Balanced and commercial perspective (risk management thinker who considers shareholder, regulator and customer stakeholder points of view)

    • Experience in a variety of economic environments and consumer lending product

    • Strong Leadership Skill with the ability to think, communicate and act like a Business General Manager (decisive, business oriented and quick)

    • Good balance of the ability to manage people and processes and be hands on and get into the details

     

    • MS or PhD degree in Statistics, Economics/Econometrics, Applied Economics, Decision Science, Operations Research, Mathematics (or equivalent quantitative field)

    • A minimum of 10 years of relevant analytics/modeling experience. Experience  in statistical modeling, risk management and Business Insights in financial firm/credit card industry is preferred

    • Experience managing high-performing teams

    • Proficient in the following applications:  Microsoft Word, Excel, and PowerPoint

    • Strong analytical, interpretive and problem solving skills, which will require the ability to synthesize / analyze diverse information and develop strategy recommendations from observed outcomes.

    • Experience in advanced analytic techniques applied to customer and risk valuation, marketing ROI, design of experiment, and segmentation

    • Written and oral communication skills to clearly present analytical findings and influence across all levels of the organization

    • Strong Leadership Skill with the ability to think, communicate and act like a Business General Manager (creative, risk taker, willing to think different, comfortable playing with data ,decisive, business oriented and quick)

    • Good balance of the ability to manage people and processes and be hands on and get into the details

    • Ability to influence across all levels of the organization

Req #: 160011466
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)

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