Credit Monitoring Quality Control Associate

JPMorgan Chase & Co. • Plano, TX

16h

About The Position

As a Credit Monitoring Quality Control Associate I within the Wholesale Lending Services Team, you will be responsible for providing oversite of the Credit Monitoring team’s work to ensure the Monitoring Analyst has accurately reviewed and recorded the compliance results in accordance with credit agreement terms of the borrower. In this role, you will review the work of Monitoring Analysts and provide a secondary interpretation of financial and other covenants in order to confirm whether borrowers are meeting the terms of the credit agreements or in default. The credit agreements cover syndicated loans and bilateral agreements.

Requirements

• 3 or more years of experience in banking and/or doing financial analysis
• Experience in credit monitoring activities including but not limited to legal documentation review, financial covenants, credit analysis, cash flow and leverage ratio calculations
• Ability to identify and summarize key points in written reviews of credit-related transactions
• Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.
• Desire to develop matter expertise in assessing credit risk of real estate developers, investors, real estate operating companies
• Strong verbal & written communication to effectively communicate with various stakeholders and across levels
• Ability to work independently with minimum supervision including demonstration of good time management
• High proficiency in using MS Office tools including MS Excel

Nice To Haves

• Bachelor’s degree in Business/Accounting

Responsibilities

• Enforce quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners
• Review the work of Credit Monitoring Analyst to determine if they correctly identified corporate borrowers that have breached covenants, and as a result, have defaulted on the terms of their credit agreements
• Provide explanations regarding issues identified to ensure proper correction and resolution
• Interpret credit agreements and other legal documents to determine which co-borrowers, guarantors and other parties to the agreements require set up in bank’s system of record for future covenant compliance evaluation, to ensure the Credit Monitoring team has accurately setup the terms of the agreement in the tracking system.
• Perform credit analysis, review documentation and monitor ongoing compliance with financial covenants to validate the work of others
• Independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements as a second check on Credit Monitoring
• Develop strong knowledge of secured lending products including borrowing base credit facilities
• Monitor the control environment and operational environment for changes which may impact quality control testing
• Partner closely with leadership to enforce effective quality program practices
• Provide feedback to operations managers on quality performance and recommend corrective actions as needed; supports line of business / operations with quality initiatives, as appropriate
• Recommend changes to improve services and systems

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level