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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.
Wealth Management Risk – Credit Associate (Hedge Funds, Management Companies, Venture Capital). JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to wealthy individuals and families in 36 countries around the world. The Private Bank delivers highly customized and tailored solutions to help clients with the challenges of substantial wealth, utilizing the Private Bank’s discretionary investment management, brokerage, tax and estate planning, credit, capital raising and specialty wealth advisory services while leveraging the commercial and investment banking capabilities of the firm. This position will be a Credit Associate role managing client credit in the US Private bank portfolio focusing on the Financial Institutions specialty portfolio, including Hedge Funds, Management Companies and Venture Capital clients.
Job Responsibilities
Responsibility for Credit Risk management on the US Credit portfolio focused on US Financial Institutional Sponsors – Hedge Fund Principals/Management Companies/Venture Capital/Private Equity, with primary accountability of managing portfolio risks within acceptable quality and loss tolerances.
Structured Custom Credit facilities include: Hedge Fund Collateral, Management Companies, Fund Finance, Co-Invest, Unsecured, Artwork. Approve Credit Risk exposure relating to the client base within authorized limits.
Assignment of risk ratings, Loss Given Default (LGDs), and other risk metrics across the portfolio and understand Global Wealth Management Credit Risk appetite on wholesale loans, mortgages, OTC (Over the Counter) products and others.
Identify and monitor concentrations, trends and themes in the portfolio, and direct the preparation of Portfolio Reviews and ensure that Risk exceptions in the portfolio are appropriately managed and escalated as required. Engage with Credit Middle Office as needed.
Partner with the Business to build a culture of Risk discipline across the organization and work closely with the Underwriter team and build an integrated approach to making credit decisions that incorporates underwriter input.
Work with / provide credible challenge to Lending Solutions on new products, new initiatives. Work with the Credit Middle Office to continuously upgrade and improve Risk Reporting MIS (Management Information System) for portfolio management. Maintain satisfactory Audits across the credit portfolio. Ongoing approval of new transactions / portfolio reviews / risk discussions.
Challenge the status quo. Continuously strive to find better, more efficient ways to manage Credit Risk and business flow, including underwriting.
Use technology to strengthen Risk Management practices and products. Find gaps in Risk Policies / Underwriting guidelines and work with Risk Policy team.
Required qualifications, capabilities, and skills
Advanced knowledge in Hedge Fund sector including lending, portfolio analysis and loan documentation is preferred
Bachelor’s degree
3+ years of professional experience related to financial services, risk management, compliance or legal and strong Microsoft PowerPoint and Excel skills
Strong, clear, and concise written and verbal communication with ability to edit and prepare executive level communications.
Excellent organizational and project management skills; able to manage competing priorities under tight deadlines
Proven ability to collaborate and build strong partnerships and possess Intellectual curiosity with a proven ability to learn quickly
High degree of initiative, self-direction, and ability to work well under pressure
ABOUT USJPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
ABOUT THE TEAM
