CCB Risk - Credit Risk Quality Assurance - Associate
Posted on: 18 Jan 2021
Wilmington, DE
Job Description
Internal and External Descriptions
Internal Description
Description - Internal
This role resides within the Chase Card Services Acquisition Risk Group and is part of an established Quality Assurance team that will focus on continuous testing of both judgmental and automated credit decisions within the various Card Services portfolios. As an independent second line of defense function this role will work with senior business owners and other credit risk professionals within Card Risk, as well as Lending Operations, to assess, monitor, report and mitigate credit risk.
This senior analyst will work with his/her peer group and other associates across the card business units, operations groups, judgmental lending, compliance, legal, audit, and technology.
Responsibilities
Help drive the quality and effectiveness of risk controls established by business and process owners by
independently testing the credit risk of lending decisions made within the first line with a focus on level of risk assumed in relation to risk appetite.
Conduct both random and targeted reviews to provide an independent evaluation of Credit Card and Business Card approved and declined loans to ensure the risk reward balance is properly maintained.
Continually monitor the portfolios to ensure approved risk strategies are performing as anticipated
Evaluate the strengths and weaknesses of existing controls and provide business direction on opportunities for improvement
Provide an independent, objective view of credit risk assessments, mitigation strategies and emerging risks
Actively participate in weekly team application review meetings to ensure the group is providing accurate/consistent/timely feedback to first line business partners
Assist with projects supporting efforts to continually improve/enhance the Quality Assurance team.
Qualifications - Internal
Bachelors degree
5+ years of financial industry experience
5+ years of judgmental lending experience with both consumer and business lending products
Extensive knowledge of the credit card/business card business and their operational processes
Strong knowledge of risk management and internal control principles
Proven ability to work in a matrixes environment, provide oversight and directly influence change
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
-
IndustryBanking/Financial Services
-
No. of Employees255,998
-
Website
-
Jobs Posted9051
