Strategic Analytics - Loss forecasting

Posted 5 Hours Ago
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Mumbai, Maharashtra
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
The role involves analyzing fraud loss trends, supporting forecasting and budgeting processes, developing loss forecasting frameworks, and creating presentations for senior management. Responsibilities include data analytics, providing insights, managing complex projects, and ensuring timely delivery on business goals.
Summary Generated by Built In

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 Us
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.
About the Team
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Top Skills

SAS
SQL
The Company
HQ: New York, NY
289,097 Employees
Hybrid Workplace
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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