Consumer Banking Machine Learning Vendor Modeling - Associate

JPMorgan Chase
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Job Description

The Associate- Vendor Model Management will be a key member of the Quantitative Modeling team. The successful candidate will be responsible for end-to-end management of set of vendor models that are used for Risk Management in CCB Risk. The candidate will build a solid understanding of various consumer products and key risk drivers for statistical credit models of those products and ensure that we are able to synergize use of vendor models. 

Job Responsibilities:

  • Evaluate, test, and validate vendor models for their effectiveness to address the business proposition being evaluated (typically credit risk) as well as other risk components.
  • Understand/evaluate efficiency of state-of-the-art modeling techniques including both classical statistical modeling approaches and modern machine learning approaches to enhance existing models and tackle challenging modeling problems.
  • Manage end-to-end model development process, including data sourcing, manipulation, exploratory data analysis and pattern discovery, documentation, assisting with implementation, and performance monitoring.
  • Collaborate with cross functional partners in Risk, Finance, Technology, Model Governance throughout the entire modeling life cycle.
  • Interact with third party vendors and making sure Chase can gain maximum synergies on use of these vendor models.

Required qualifications, capabilities, and skills

  • Advanced degree in a quantitative discipline (e.g., Mathematics, Statistics, Economics, Computer Science, Operations Research) with 9+ years of relevant working experience; Doctoral degree is preferred.
  • Strong data analysis and statistical/economic modeling experience, such as generalized linear models, multivariate analysis, and time series analysis.
  • Proficiency in advanced analytical languages (e.g., SAS, Python, R); Familiarity with framework of machine learning pipeline (e.g., tensor flow, scikit-learn) is not required but a plus.
  • Ability to work with large data and perform extensive analysis to draw useful insights.
  • Strong communication skills to present to and collaborate with business partners and model end-users.
  • Strong organizational and multi-tasking skills with demonstrated ability to manage expectations and deliver quality results on time.
  • Knowledge of vendor management/ similar experience in past is very useful

Preferred qualifications, capabilities, and skills

  • Knowledge of advance modeling concepts

ABOUT US

JPMorgan Chase & Co., 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

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.

Company Info.

JPMorgan Chase

For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase

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