Risk Management - Auto Collections Risk - Associate

Job Description
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As an Associate within the Auto Risk Management team, you will be tasked with overseeing the Collections Risk Strategy function. Your role will involve the development, execution, and monitoring of comprehensive collections credit risk management strategies for the auto loan and lease portfolio. Collaborating with stakeholders across the bank, you will leverage data and insights to evaluate the adequacy of collections strategies, identify optimization opportunities, and develop innovative products and services to enhance performance. This role demands thought leadership, creative thinking, analytical skills, collaboration, and meticulous attention to detail to effectively mitigate losses and recover losses in collections.
Job Responsibilities

• Perform complex analysis on credit risk and collections strategy effectiveness in order to identify emerging risks, assess effectiveness of existing strategies and ensure adherence to regulatory guidance
• Monitors industry and economic trends on automotive industry as well as changes in consumer behavior to understand impacts on collateral values and consumer willingness to repay debt
• Monitor operations & credit risk strategy performance and identify issues and recommendation to strengthen loss mitigation and & collections
• Challenge partners across supporting businesses to ensure alignment with risk requirements and other Credit Risk limits and metrics
• Prepare material for regular updates to senior risk leadership, risk forums, management & credit risk committees and regulators
• Comfortably answer ambiguous questions by forming a point of view and generating creative solutions that address the requests
• Support analytics for senior management requests, including responding to ad-hoc questions and prepare talking points for investor meetings/presentations

Required qualifications, capabilities, and skills

• Bachelor's degree with a minimum of 2 years of relevant experience in Risk Management (underwriting/credit strategy/credit risk/collections)
• Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision making talents
• Strong communication skills, including active listening and the ability to capture and deliver key takeaways from engagements in writing
• Ability to query large amounts of data and transform the raw data into actionable management information
• Ability to problem solve synthesize / analyze diverse information, develop recommendations, and makes decisions
• Critical eye for detail and strong project management skills
• Ability to manage multiple priorities and deadlines, work independently, perform under pressure and balance competing priorities under tight deadlines

Preferred qualifications, capabilities, and skills

• Master's degree is preferred
• Auto industry experience is a plus
• Experience with SAS, SQL, Teradata and Tableau

About Us
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
Equal Opportunity Employer/Disability/Veterans
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.