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Posting Description

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.

Credit Risk assesses, permissions, and manages credit and counterparty risks on an industry, client, geographic, and transaction basis. Credit risk is defined as the risk of loss arising from the default of a client or counterparty. Credit exposure arises through underwriting, lending, and trading activities with and for clients and counterparties, as well as from a range of operating services such as cash management and clearing activities.

The Credit Risk function identifies, measures, limits, manages, and monitors credit risk across our businesses. The teams are typically aligned by industry. Credit Risk is independent within Corporate Risk Management, reporting to the firm’s Chief Risk Officer (CRO). Our practices are designed to preserve the independence and integrity of decision making.

Job Responsibilities

• Evaluate GWM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
• Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Individual will utilize these ratios and evaluate other qualitative factors to determine a client’s risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.
• Complete an analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
• Identify and clearly articulate risks and mitigating factors that could impact the client’s ability to repay the loan. Individual will recommend a course of action with clear and concise rationale.
• Individual must understand and clearly articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
• Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. Individual will negotiate loan structure and terms when necessary, and will provide alternative solutions when appropriate.
• Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
• Responsible for portfolio management and appropriate escalation for their respective markets to ensure credit risk is maintained.
• Partner with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
• Mentor less experienced Credit Analysts and Support Partners, as well as other GWM staff.

Required qualifications, capabilities and skills

• Bachelor’s degree in Finance, Accounting or related area
• Some credit/underwriting credentials, analytical skills, and experience is a plus, while in-depth knowledge of accounting and corporate finance is required
• Possess strong analytical and modeling skills
• Proficiency in Microsoft Office Suite, especially Excel, PowerPoint, and Word
• Highly motivated with a natural passion to learn and an inquisitive personality
• Strong interpersonal skills and an ability to work well in a team environment
• Strong sense of accountability and ownership of tasks
• Interest in client interaction with strong verbal and written communication skills
• Capable of understanding, describing, and debating complex concepts
• Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time
• Strong attention to detail and an excellent work ethic