Risk Director - Portfolio Analytics - Mortgage Banking (Iselin NJ)
JPMorgan Chase - Iselin, NJ

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Risk Director - Portfolio Analytics - Mortgage Banking (Iselin NJ) - 130098847
Job Description
Chase is a leader in the financial services industry, providing banking, mortgages, credit cards, loans, payment processing and investment services to 50 million customers - 1 out of every 6 Americans. As a division of JPMorgan Chase & Co. (NYSE: JPM), we:
• serve 21 million households with consumer banking relationships
• lent $17 billion to small businesses in 2011
• are one of the nation's largest credit card issuers, with more than 64 million credit cards in circulation
• service 8 million mortgage and home equity loans
While we operate across a broad range of businesses, our mission at Chase is quite simple: to be the industry leader in customer service. Our employees put the firm's resources to work every day for our customers.
Chase offers a dynamic environment and the training and support to meet your full potential. Our company is widely recognized as a great place to work, to grow and to invest for the future. Join our team.
The Risk Director will supervise a staff to conduct in-depth credit risk analysis for the Mortgage Banking portfolio; identify potential adverse credit quality trends; conduct statistical risk segmentation using internal and external loan characteristics; and provide senior management with actionable policy recommendations based on actual empirical findings.

In this position, you will be responsible for:
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Managing a staff of risk analysts to conduct analytical and quantitative projects on credit risk issues impacting the mortgage banking portfolio
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Developing frameworks for assessing key risk drivers of portfolio performance and profitability throughout the entire loan cycle (early delinquency through loss) using programs such as SAS, CART, or CHAID
·
Assessing and quantifying impact of external economic variables (HPA, unemployment, interest rates) on credit performance and credit quality mix of portfolio
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Producing ad-hoc reports summarizing portfolio credit performance; identifying adverse credit quality trends across origination vintages; and profiling different segments of the portfolio
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Preparing comprehensive overviews of portfolio performance and reviewing them with senior management
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Effectively communicating results from empirical analysis to senior management and recommending actions or credit policy changes
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Developing innovative decision-science tools for senior management aimed at facilitating understanding of impact on portfolio exposure and losses from different risk scenarios
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Ensuring that analysts have the ability to access appropriate data from multiple internal and external sources (Credit Data Mart, Info. One, etc.) using different programs/languages (SAS, SQL, Business Objects, etc.)
Qualifications
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    7+ years analytical experience, preferably in credit risk management and/or mortgage banking
    ·
    Knowledge of SAS, SPSS, CART, or other standard statistical packages
    ·
    Knowledge of SQL, Unix, and other data programming languages also desirable
    ·
    Good understanding of key risk metrics, as well as business profitability and financial indicators
    ·
    2+ years experience in supervising staff to work on complex analytical projects
    ·
    Good communication skills; able to translate technical data into simple business presentations; able to communicate clearly to senior management
    ·
    Proactive and innovative with strong problem solving skills
    ·
    B.A. / B.S. in Economics, Finance, Statistics, Mathematics, Operations Research or other quantitative fields
    Preferred:
    ·
    M.A. / M.S. in a quantitative science or CFA designation (or progress towards)
JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
Job Risk
Primary Location US-NJ-Iselin-194 Wood Avenue / 04053

Organization Retail Financial Services
Schedule Full-time
Job Type Standard
Shift Day Job
Employee Status Regular

JPMorgan Chase - 16 months ago - save job
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At JPMorgan Chase, the work we do matters. All of us are committed to putting our resources and our voices to work every day for our...