Credit Operations Senior Specialist III - Credit Risk Support

JPMorgan Chase

107d

About The Position

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. 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. The analyst performing this role is 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. 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.

Requirements

• 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 recognize tasks to complete and how best to effectively and efficiently complete them.
• The ability to recognize work in the pipeline and willingness to work to completion.
• Bachelor's Degree or relevant work experience.
• Proficiency in Microsoft Office, Microsoft Excel, SharePoint.

Nice To Haves

• 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).

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.
• Coordinate 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.
• Review to understand all aspects of the loan terms and conditions outlined in the underwriter's credit approval documentation.
• Perform credit & client due diligence aligned to the underwriting procedures & policy guidelines.
• Review regulatory requirements and act as a control to ensure that the platform and UW tools or documentation are accurately aligned.
• 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.
• Maintain Credit Responsibility Unit, Credit Coverage, and Hierarchy.
• Conduct NAICs review and SCRA & CCAR reporting.
• Understand the entire Custom Credit process end to end and the upstream and downstream implications of each function.
• 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.
• Operate in a very fast-paced environment with continually changing priorities, while maintaining a pipeline of volume in different stages.
• Maintain high quality standards as a result of the critical nature to the iCRD system capturing all critical data accurately.

What This Job Offers

• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree