Wealth Management & Investment Solutions - Client Credit Manager - Vice President
Posted on: 3 Apr 2021
New York City, New York
Job Description
Position Description
* Manage the a designated regional Credit Risk Portfolio within acceptable quality and loss criteria
* Approve credit risk exposure relating to the client base within authorized limits.
* Responsible for the accurate, timely and consistent assignment of Risk Ratings for all Clients and Collateral
* Ensure all credit exposure structured, documented and approved in accordance with JPMorgan Credit Policy
* Monitor all Exception Reports produced by Credit Middle Office, work with integrated team to understand issues, approve resolution plans and escalate potential problems immediately
* Identify names promptly to be added to the Watch List or Criticized and Classified loans
* Advise ITM on credit risk management of Watch List and C&C accounts, manage CSR process
* Work closely with all other Control Functions and understand the potential impact on the credit portfolio of other types of risk .eg. Market, Liquidity, Operating, Reputation, etc. Establish contacts with other LOB credit teams.
* Identify and escalate gaps or inconsistencies in policies and procedures which may impact the credit risk portfolio
* Prepare executive presentations for Risk Leadership at various forums, committees, and management meetings to help drive Risks agenda and deliverables
* Play lead role in supervising the quality of the credit risk portfolio:
* Provide feedback on analysis, due diligence, credit presentation
* Approve credit transactions and risk ratings within authority
* Identify and monitor concentrations, trends and themes in the portfolio
* Direct the preparation of Portfolio Reviews
* Partner with the Business in developing products, markets, revenue by:
* Representing Credit Risk in NBIA process
* Advising ITMs of credit risk appetite
* Ensuring we have appropriate tax and legal opinions, and collateral confidence, in new initiatives
* Provide support and cover for the Regional Credit Executive
Qualifications:
* Strong leadership, management and business partnership skills
* Strong project management skills
* Good communication skills, spoken and written
* High level of analytical skills, including financial analysis
* Attention to detail and ability to consistently follow Credit Policy
* Ability to analyze credit structures and the attendant credit risk
* Familiarity and expertise with legal documentation
* Ability to understand the business and market context
* Preferred knowledge of integrated wealth management (for example, generational planning structures and solutions, portfolio theory/asset allocation, markets)
* Formal credit training required with experience and familiarity of all risk types: market, liquidity, reputation, operations, complex derivatives, ACH, etc; some workout/problem loan experience preferred
* Ability to interact well with clients, senior colleagues and juniors
* Ability and willingness to coach and train junior Capital Advisors
* Proficient in Microsoft PowerPoint
* Degree in finance or related field; MBA preferred
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
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IndustryBanking/Financial Services
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No. of Employees255,998
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Website
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Jobs Posted9051
