Risk Management - Auto Risk - Executive Director

JPMorganChase; Plano (TX); On-site; USD 150,000 - 200,000; Full time

Job summary

JPMorgan Chase in Plano, Texas is seeking an Executive Director in Auto Risk Management to lead the Collections Risk Strategy function. The ideal candidate has over 15 years of experience in risk management and will oversee a team of analysts developing end-to-end credit risk management strategies for auto loans and leases.

The role requires strong analytical skills, leadership capability, and proficiency in communication. A bachelor's degree in a relevant field is mandatory, and a master’s is preferred. This position presents an exciting opportunity to impact the firm’s risk aversion strategies significantly.

Qualifications

• Minimum 15 years of relevant auto experience in Risk Management (underwriting/credit strategy/credit risk/collections) and 5 years management experience.
• Knowledge of credit risk management processes and credit strategy change review.
• Strong analytical and communication skills required.

Responsibilities

• Lead a team responsible for development and ownership of collections credit risk strategies.
• Monitor credit risk strategy performance and establish program guardrails.
• Provide updates to senior risk leadership and participate in senior management requests.

Skills

Credit Risk Management

Strategic Analytics

Effective Communication

Analytical Programming

Project Management

Education

Bachelor's degree in a relevant field

Tools

Excel

PowerPoint

Job description

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 Executive Director in Auto Risk Management, you will be responsible for the Collections Risk Strategy function. You will lead a team of strategic analysts to develop, execute, and monitor the end to end collections credit risk management strategies for the auto loan and lease portfolio. We require a background in credit risk management, be able to lead and work closely with stakeholders, such as Operations, Modelling and Finance team by voicing risk views, influencing and tackling business challenges. You will work with stakeholders across the bank, leveraging data and insights to assess collections strategy adequacy, identify opportunities for further optimization and develop innovative products and services that help drive better performance. You must be able to provide strategic guidance and effectively manage demand requests by senior leaders and the business while excelling at creative thinking, problem solving, effective communication, project and relationship management, and should be detail-oriented and self-motivated.

Job Responsibilities

• Lead a team that is responsible for the development and ownership of the end to end lifecycle of collections credit risk strategies as well as oversight of operations practices to ensure adherence to risk requirements for both auto loans & leases.
• Provides and directs complex analysis on credit risk and collections strategy effectiveness in order to identify emerging risks, assess effectiveness of existing strategies, ensure adherence to regulatory guidance and establish a culture of intentional testing in strategic change. recommendations and establish risk threshold that help business stay within risk appetite limits.
• 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, establish program performance guardrails and evaluate effectiveness by identifying issues, opportunities and recommend credit & collections actions.
• Challenge partners across supporting businesses to ensure alignment with risk requirements and other Credit Risk limits and metrics.
• Maintaining relationship & dialogue with external regulators and supporting exams.
• Providing regular updates to senior risk leadership, risk forums, management & credit risk committees and regulators.
• Answer ambiguous questions by forming a point of view and generating creative solutions that address the requests.
• Participate in senior management requests, including responding to ad-hoc questions and preparing talking points for investor meetings/presentations.

Required Qualifications, Capabilities, and Skills

• Bachelor's degree with a minimum 15 years of relevant auto experience in Risk Management (underwriting/credit strategy/credit risk/collections) and 5 years of management-level experience.
• Strategic analytics experience.
• Knowledge of Credit Risk Management Processes, Risk Appetite Setting, Credit Strategy Change review and approval, Loss Forecasting, Credit Portfolio Management, Credit Modeling and Model Risk Management.
• Superior communication skills, including active listening and the ability to capture and deliver key takeaways from engagements in writing.
• Strong presence, comfortable interacting with and presenting to all levels of management.
• Strong analytical programming and proficient technical skills in Excel and PowerPoint.
• Strong interpersonal, collaboration, communication and presentation skills.
• Critical eye for detail and strong project management skills.
• Highly motivated, confident, and proactive leader with strong problem-solving skills.
• Ability to manage multiple priorities and deadlines, able to perform under pressure and to manage competing priorities under tight deadlines.

Preferred Qualifications, Capabilities, and Skills

• Master's degree is preferred.
• Auto industry experience is a plus.

Equal Opportunity Employer

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.