Strategic Analytics - Loss forecasting
JP Morgan
5 - 7 years
Mumbai
Posted: 12/6/2024
Job Description
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.
As a Strategic Analytic Loss forecasting Associate in fraud loss forecasting team for our Consumer and Community Banking (CCB). The loss forecasting team owns the forecasting and budgeting process for all our fraud and overdraft loss lines. This is a highly critical and visible role with ownership and accountability towards performing data analytics, providing insights and help setting up loss budgets.
Job responsibilities
- Own deep dives on our emerging fraud trends to identify and isolate new attack patterns
- Provide independent assessment on root cause /drivers behind variance of actuals vs. forecast
- Support forecasting process for some of our operating loss lines across baseline and stress scenarios
- Develop / Enhance Long term and short term Loss forecasting framework across loss channels
- Liaise with Operations, business functions and strategy owners to understand business changes and operations impact and to implement the same in forecast adjustments
- Develop various senior management presentation on Monthly / quarterly/annual on Fraud Loss
- Take complete ownership and accountability towards delivering on goals and priorities for the business / function
Required qualifications, capabilities, and skills
- Master’s/Bachelor’s degree in a quantitative or business discipline from an accredited college/university required; advanced degree
- Minimum 5 years of experience in analytics space, prior experience in risk roles.
- SAS/SQL programming experience (familiarity with PC, UNIX or mainframe)
- Highly proficient in Microsoft Office suite of products
- Demonstrated leadership in applying analytics to efficiently and pragmatically solve business problems through structured problem solving approaches
- Effective in communicating to senior leaders of an organization
- Strong analytical, technical and statistical skills. Ability to synthesize / analyze diverse information, develops recommendations, and makes decisions
- Project Management Skills -- well-organized, structured approach. Ability to achieve tight timelines on complex deliverables. Ability to manage and prioritize projects across cross-functional groups
Preferred qualifications, capabilities, and skills
- Working knowledge of financial budgeting and planning analysis preferred
About Company
JP Morgan Chase & Co. is one of the world's largest and most prestigious financial institutions, headquartered in New York City. It operates in over 100 countries, providing a wide range of financial services including investment banking, asset management, commercial banking, and wealth management.The company serves corporations, governments, institutions, and individual clients, offering expertise in areas such as mergers and acquisitions (M&A), securities trading, and credit management. Known for its global reach and financial strength, JP Morgan is a leader in innovation and sustainability within the banking industry.
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