Chase Card SMB Acquisitions – Credit Strategy – Associate

JPMorgan Chase & Co.; Wilmington (DE); On-site; USD 70,000 - 90,000; Full time

Job summary

JPMorgan Chase & Co. is seeking an Associate in Card Acquisitions Risk SMB Strategy in Wilmington, Delaware. This role will engage in defining risk appetite and managing credit risk for small business acquisitions.

The ideal candidate should have a Bachelor’s Degree and over 2 years of experience in consumer lending or retail credit. Strong analytical skills and the ability to evaluate credit risk are essential for successfully shaping underwriting policies and metrics.

Qualifications

• 2+ years of experience in direct to consumer lending, originations, or retail credit.
• Ability to evaluate and manage credit risk effectively.
• Exceptional quantitative and qualitative finance and analytical skills.

Responsibilities

• Evaluate the Credit Box in partnership with business stakeholders.
• Assess new expansion opportunities and execute against approved opportunities.
• Develop and implement metrics to track performance.
• Collaborate to balance growth and risk.

Skills

Analytical skills

Credit risk evaluation

Quantitative and qualitative analysis

Education

Bachelor’s Degree in finance, business administration, or a related field

Job description

Job Description:

As an Associate in Card Acquisitions Risk SMB Strategy, you will directly engage and influence Acquisitions risk strategies in the newly created 1st line credit function within the Card Credit Decisioning Unit (CDU). You will play a key role in defining the risk appetite for Small Business within Card acquisitions, managing credit risk, ensuring sound lending decisions that balance value creation and prudent risk management. Additionally, you will develop risk management strategies in partnership with the Credit Risk organization, and shape underwriting policies to align with the bank’s financial goals. This includes management of risk-taking activities for card originations from approve/decline to credit line assignment for the business card portfolios within Card’s ~10mm new accounts annually. This role requires analytical curiosity, experience with complex data, and a detail oriented mind.

Job Responsibilities:

• Evaluate the Credit Box in partnership with SMB Acquisitions Lead, Product GM’s, Finance and the second line of defense Credit Risk team
• Directly engage in assessing new expansion opportunities. Execute against approved opportunities
• Set up reviews and processes to ensure we are executing well on our credit assumptions
• Partner with risk strategies in defining variables that would be included in new credit models and interface with the modeling team on the modeling suite and roadmap
• Develop and implement metrics to track performance
• Maintain a strong regulatory and controls environment
• Collaborate across stakeholders in business lines (e.g., risk, underwriting, legal, finance) to balance growth and risk

Required qualifications, skills and capabilities:

• A Bachelor’s Degree in finance, business administration, or a related field is required
• 2+ years of relevant experience in direct to consumer lending, originations, and/or retail credit experience at a complex large-scale financial services business
• Ability to evaluate and manage credit risk effectively; Exceptional quantitative and qualitative finance and analytical skills

Applicants must be authorized to work for any employer in the US. We are not able to provide immigration sponsorship or take over sponsorship of an employment visa at this time. Final job grade level and corporate title will be determined at time of offer and may differ from this posting.