| Job Description: |
The Risk Analyst is responsible for Basel II / Economic Capital quality control model testing. . This position is part of Consumer Risk Management and reports directly to a manager in the Capital Management Group. This work group is primarily responsible for building the credit risk capital models, regulatory compliance for capital models, as well as results monitoring and reporting of all consumer capital exposures within Retail Financial Services and Card Services. This individual may be located in either Columbus, Ohio or Iselin, New Jersey.
Responsibilities
- Execute the modeling quality control processes and tests for both Basel II and Economic Capital models.
- Support the development/validation of probability of default (PD), loss given default (LGD), exposure at default (EAD), through-the-cycle (TTC) and seasoning modeling approaches for both Basel II & EC across all consumer lines of business (LOBs)
- Contribute to the development of a Monte-Carlo simulation framework for all consumer portfolios working in partnership with the Corporate Quantitative Research group
- Respond to ad-hoc requests from senior management including custom model builds, capital variance reporting, etc. as needed
- Support the modeling function with required analysis around various modeling initiatives and applications of the capital models in the areas of capital allocation, pricing, etc.
- Assist modeling teams with development of the comprehensive model documentation that stands up to JPMC and regulatory standards
- Build process to facilitate data quality and documentation reviews
- Develop and maintain strong partnerships across LOBs, primarily with Finance, Risk, and Business functions including IT; these relationships are essential to ensure adherence, support, and evolution of the reporting
Qualifications
- Bachelors Degree in quantitative discipline; Professional qualifications (CFA, FRM, etc) a plus
- SAS Proficient with experience working with large datasets/databases
- Strong communication and influencing skills; must be able to interact comfortably with a diverse group of audiences (e.g. Senior Management (Corporate, Finance and Risk), Technology, Operations, Finance, Quantitative Modeling, LOB Risk Executives, etc.)
- Strong analytical background, data driven and results oriented
- 3 to 5 years of progressive experience in the Credit Risk space
- Understanding and knowledge of Basel II and Economic Capital principles and practice
- Experience developing documentation in preparation for Basel II and Economic Capital reviews and examinations with the OCC / Federal Reserve
- Experience with financial and banking products and/or risk analysis
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