Join JPMorgan Chase and be at the forefront of risk management and compliance. As a key player in our team, you will help shape the future of our business by anticipating risks and solving real-world challenges. Our culture thrives on innovation, challenging norms, and striving for excellence. This role offers a unique opportunity to make a significant impact on our company, customers, and communities.
Job summary:
As a Managing Director, Chief Credit Officer in the Asset and Wealth Management Credit Risk team, you will play a pivotal role in managing risk and supporting the JPM Wealth Management business. You will lead the risk management process, analyze credit risk, and monitor portfolio performance. This position offers a challenging and rewarding opportunity to leverage your expertise and make a significant impact on a dynamic team.
Want more jobs like this?
Get jobs in New York, NY delivered to your inbox every week.
Job responsibilities:
- Take ownership of the approval process for new loans, modifications, risk grades, and annual reviews while managing and developing junior Credit Officers and Analysts.
- Provide recommendations to business partners and senior management during the prescreen, structuring, and approval-to-pitch process.
- Guide complex structuring and loan negotiation with expert judgment throughout the loan closing and monitoring process.
- Ensure compliance with the firm's risk management and control policies and lead 3rd line of defense and external regulatory reviews of the portfolio.
- Utilize credit authority throughout the loan origination and monitoring phases.
- Monitor industry and economic trends to identify potential risks and elevate issues to Senior Management.
- Collaborate in periodic portfolio reviews with Senior Management.
- Oversee ad hoc risk-related projects and workflows.
- Drive efficiency through automation and embrace new technologies.
- Communicate with external and internal stakeholders..
- Contribute to various AWM and CCB Committees and Forums as a voting member or IRM partner.
Required qualifications, capabilities, and skills:
- Master's or Bachelor's degree required.
- 15+ years in a banking or credit role with a track record of exceeding performance expectations.
- Proven skills in loan structuring, complex finance structures, negotiating, credit analysis, and portfolio management.
- Advanced knowledge of the high net worth industry and financial markets.
- Superior understanding of market dynamics and economic drivers.
- Outstanding professional reputation and integrity.
- Strong leadership skills and ability to manage and train a team.
- Strong presentation, business writing, and communication skills.
Preferred qualifications, capabilities, and skills:
- Experience with high net worth lending and capital markets.
- Familiarity with innovative technologies in risk management.
- Ability to drive strategic initiatives and projects.
- Experience in regulatory review processes.
- Active participation in industry forums and committees.
- Strong analytical and problem-solving skills.
- Ability to collaborate effectively across teams and functions.
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.