at JPMorgan Chase in Chicago, Illinois, United States
Job Description
Bring your expertise to JP Morgan. 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 a Financial Institutions Credit Risk Associate in the CCBSI FIG team, you will partner with senior underwriters on the team to provide forward-looking credit and financial analysis of new and existing clients. In support of these clients’ relationships with JPMC, partnership and coordination is required with areas across the firm including: coverage banking, treasury services, loan syndications, debt capital markets, F/X and rates desks, and asset management. You will work with the credit team to analyze financial statements and build financial models in support of credit’s initial and ongoing assessment of risk. You will also be responsible for on-going monitoring and risk management work across the portfolio. You will be an instrumental member of the Risk Management team that will manage deal documentation negotiations / execution and is also responsible for the on-going monitoring and risk management of an assigned portfolio of credit relationships.
Job responsibilities
+ Identify and evaluate the key risk factors associated with clients, transactions, and industry sub-sectors across portfolio
+ Build and use financial models to incorporate the impact of forward-looking risk assessment on key value drivers
+ Formulate agendas for, and participate in, client due diligence meetings
+ Prepare credit approval materials for new transactions as well as required periodic reviews
+ Provide well-researched and thoughtful risk assessment of each assigned client on an ongoing basis. Ensuring that risk ratings are accurate and reflect a current forward-looking view of the client risk profile
+ Prepare and present annual portfolio review material to senior management
+ Work closely with Credit Services to ensure accuracy of credit system data
Required qualifications, capabilities, and skills
+ BA/BS degree required
+ Completion of a major corporate bank credit training program or equivalent experience
+ Typically a minimum of 3 years of commercial / corporate banking / lending experience including extensive credit, structuring, and marketing experience
+ Outstanding verbal and written communication skills, including strong computing and financial modeling skills
+ Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction
+ Successfully operate within in a deal team dynamic
+ Strong work ethic with an ability to meet deadlines while multi-tasking
Preferred qualifications, capabilities, and skills
+ Knowledge of credit and JPMC (or similar bank) policies and procedures
+ Strong interpersonal skills to interact effectively with senior underwriters, clients, bankers, product partners, and senior management facilitating successful achievement of goals
+ Excel/PowerPoint/MS Office knowledge
+ Knowledge of insurance statutory accounting or experience in the insurance industry is a plus
+ MBA degree is a plus
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
