Credit Operations Senior Specialist III - Credit Risk Support
About JP Morgan Wealth Management
J.P. Morgan Asset and Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Our Business
The Wealth Management Credit Platform Service Support Team reports into Private Banking (PB) Credit Platform Services. The Team is responsible for ensuring that credit facility information is entered accurately from source documentation before circulating the proposal for approval.
Position Description:
The analyst performing this role are required to have a complete understanding and knowledge of complex custom credit requests regarding regulatory and credit policy guidelines. This includes detailed analysis of credit approval documentation to understand and interpret all product terms and conditions, supports, credit exception codes, facility flags, and regulatory reporting and purpose codes into the firmwide credit risk platform. As well as knowledge to perform portfolio maintenance activities including credit responsibility units, credit coverage, and credit hierarchy system updates. The individual performing this function must work autonomously and be well versed to understand all upstream requirements and downstream impacts, while performing at high quality standards to support our lending, credit risk, finance, and control organizations.
Job Responsibilities:
- Partner with Underwriters and Lending Specialists to capture terms and conditions stipulated in the credit approval and legal documentation into the corporate credit platform.
- Coordinates the global approval for cross Line Of Business requests to include exposure to customers that are managed by units outside of the family responsibility area.
- Coordinate all administrative aspects of portfolio management on a day to day basis including, but not limited to, identifying unlinked outstanding, over limits, temporary facility extension or increases.
- Creation of and maintaining client information records in internal systems
- Knowledge of the following:
- All WM credit products offered inclusive of letters of credit
- Credit Risk policies and guidelines
- All aspects of Credit Risk platform (iCRD)
- Regulatory Reporting and Purpose Codes
- Review to understand all aspects of the loan terms and conditions outlined in the underwriter's credit approval documentation
- Aligned to the underwriting procedures & policy guidelines, the team performs credit & client due diligence
- Reviews regulatory requirements and acts as a control to ensure that the platform and UW tools or documentation are accurately aligned
- Control to verify accuracy of Loan Pricing Tools provided entered in Credit Risk platform for downstream flow to finance
- Perform portfolio management activities regarding reporting, data management, and maintenance
- Credit Responsibility Unit maintenance
- Credit Coverage maintenance
- Hierarchy maintenance
- NAICs review
- SCRA & CCAR reporting
- Understand the entire Custom Credit process end to end and the upstream and downstream impactions of each function
- Operates as a control function that all items upstream are in good order prior to routine for system approval or proposal completion
- Manage market and credit coverage updates, and LOB transfers as clients and facilities are moved to new markets or to other LOBs outside of PB
- Must operate in a very fast paced environment with continually changing priorities, while maintain a pipeline of volume in different stages
- Maintain high quality standards as a result of the critical nature to the iCRD system capturing all of critical date accurately
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Required Qualifications, Skills, and Capabilities:
- Excellent communications skills, both written and verbal
- Ability to multi-task and reprioritize work and demands throughout the day
- Ability to interact with varying levels throughout the organization
- Self-starter with the ability to not only recognize tasks to complete but also how best to effectively and efficiently complete them
- The ability to recognize work in the pipeline and willing to work to completion
- Bachelor's Degree or relevant work experience
- Microsoft Office, Microsoft Excel, SharePoint
It's preferred Candidates have the following experience:
- General understanding of credit concepts
- General understanding of FX and participations/syndications
- Experience using the Credit Risk Infrastructure tools and applications (ICRD, Party Central, Work hub)
ABOUT US
JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion