JPMorgan Chase CCB - Pricing Strategy and Decision Analytics - Executive Director in Jersey City, New Jersey
The Executive Director will lead a team responsible for Pricing, Data Analytics, Competitive Intelligence and Controls and Governance. The Director will be responsible for developing pricing frameworks, set pricing strategy leveraging competitive intelligence, pricing analytics, and pricing tests to optimize long-term shareholder value added (SVA) for the Chase Auto line of business. This will also involve developing a best-in-class pricing Analytics framework as well as coordination and preparation of pricing recommendations across Retail, Manufacturing, and Direct Auto. In addition, lead a control and governance team to document pricing policies and procedures, implement pricing changes and RCSA testing. Candidate must also develop strong relationships with clients and partners to develop clear and concise reports of all analysis for discussion with various levels of management within Chase Auto and Consumer & Community Banking, as needed.
Roles and Responsibilities:
Responsible for understanding the Auto finance industry competitive landscape and developing pricing winning strategies to grow Chase Auto market share and profitability
Manage Manufacturing pricing teams responsible for pricing decisions and client facing relationship
Develop pricing strategy based on capital allocation to optimize Return on Equity and shareholder value factoring standardized and advanced capital
Improve the communication of market share and pricing competitive intelligence and develop further analysis to understand lenders economics and operating model
Responsible for leading a team of Modelers and competitive intelligence to build on the current price decision analytic processes and recommendation
Supervise the design and development of a broad range of pricing models
Monitor the performance of developed models in accordance with established company model risk policies. This includes performance back-testing, benchmarking model performance against the performance of similar models, and documenting results in accordance with regulatory guidelines.
Manage control and governance framework to document procedures, policies and implement pricing changes including targets, loss adjustors, capital, etc.
Develop collaborative and influential relationships with Finance, Product/Pricing, Sales, Operations, Credit, and Data Management teams to improve communication, analytics and refine reporting and actionable recommendations
Take initiative and demonstrate innovation in the identification and development of new metrics, report design, creation, implementation, reporting processes, and areas of analytic focus
Exceptional communication skills in planned and ad hoc situations and persuasive/clear in verbal and written presentations to various levels of the organization.
Proven track record managing and developing a high performing team
Understanding and experience managing BASEL III RWA and Capital
10 years of experience in Banking, Finance, or related
Experience in the Auto finance industry preferred (or comparable pricing function), reporting and information analysis, insights development, and executive reporting
Strong leadership, communication, and interpersonal skills with track record of innovation, initiative, resourcefulness, flexibility, embracing change, catalyst for change, and creative problem solving to achieve business objectives
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 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.
Equal Opportunity Employer/Disability/Veterans