Risk Management Associate

Job Description

Wholesale Credit Risk assesses, permissions, and manages credit and counterparty risks on an industry, client, geographic, and transaction basis within the Commercial and Investment Bank. The team is organized by industry, and has risk responsibility globally for nearly every bank product and risk exposure available to corporate clients in the capital markets today. Teams work closely with coverage and product groups to support business needs, and operate independently 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.

Associates utilize superior analytical skills, combined with credit and industry knowledge, to make and support credit decisions for a portfolio of clients. They collaborate across credit risk and the business teams to meet client credit requests, while balancing the risk-return needs of the Firm. They constantly monitor their portfolio to accurately assign risk ratings to clients and facilities, while ensuring a robust culture of compliance is adhered to at all times. They are exceptional partners with all colleagues, and are skilled trainers and developers of the junior team members in Wholesale Credit Risk.

Job responsibilities

• Manages and monitors a portfolio of client credit exposures, across industry classes, on an ongoing basis
• Takes ownership of client credit needs and projects and independently develops a credit opinion
• Oversees and conducts credit analysis and approves or seeks approval for all lending and trading related transactions, including operating exposures, individually or as part of a deal team
• Provides credit expertise in structuring new loan and derivative transactions
• Leads or assists in negotiating, finalizing, and executing documentation for loans and derivatives
• Remains current on all aspects of the credit relationship, including exposure, compliance, potential problems and opportunities
• Provides a cohesive and comprehensive approach to review ratings, risk assessment, portfolios, clients and industries in their sector
• Prepares and presents quarterly and annual risk reviews and tiering analyses
• Reviews and assigns risk ratings and maintains updated credit research on their portfolio of clients
• Works with CIB Coverage, CB Coverage and Americas Corporate Banking on allocation of capital for clients; maintains threshold and industry limits

Required qualifications, capabilities and skills

• Excellent accounting and corporate finance expertise
• Completion of a major corporate bank credit training program or equivalent experience
• Strong analytical and financial modeling ability
• Solid knowledge of loan and derivative products, documentation, and structuring
• Experience negotiating legal documents associated with credit products
• An interest in client interaction
• Outstanding verbal and written communication, along with strong inter-personal skills
• An exceptional work ethic
• Ability to work well under pressure on teams in a demanding environment
• Proficiency in Excel, PowerPoint and Word software
• Minimum of 3 years related experience in credit risk, either in banking or a corporate finance role

Preferred qualifications, capabilities and skills

• BA/BAA degree required, MBA or CFA designation is a plus

About Us

JPMorganChase, 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 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. Additional details about total compensation and benefits will be provided during the hiring process.

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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