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Job Description

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.The Wealth Management (WM) US Credit Risk team is seeking a Lead Credit Officer - Vice President to manage credit exposure for WM clients, with a primary focus on credit risk management within the US Financial Sponsors/FIG/HF Principals specialty portfolio. Position is within the JPMorgan Private Bank, 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.Risk & Control:
• Responsibility for credit risk management on the US Credit portfolio focused on Financial Sponsors/FIG/HF Principals, with primary ownership of managing portfolio risks within acceptable risk appetite and loss tolerances.
• Approve credit risk exposure relating to the client base within authorized limits.
• Assignment of risk ratings, LGDs, and other risk metrics across the portfolio.
• Understand WM Credit Risk appetite on wholesale loans, mortgages, OTC products and others.
• Identify and monitor concentrations, trends and themes in the portfolio, and direct the preparation of Portfolio Reviews.
• 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.
• Work closely with the Underwriting team and build an integrated approach to make credit decisions that incorporates underwriter input.
• Maintain satisfactory Audits across the credit portfolio.
• Engage with Wholesale Credit as appropriate.
• Actively participate in diversity efforts within WM Risk.
Business Partnership:
• Ongoing approval of new transactions / portfolio reviews / risk discussions.
• Work with / provide credible challenge to Lending Solutions & Mortgage Advisory on new products, new initiatives.
• Work with the Credit Middle Office to continuously upgrade and improve Risk Reporting MIS for portfolio management and business control metrics.
Innovation:
• 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.
Minimum Skills, Experience and QualificationsWe are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
• Bachelor s degree
• 7+ years of professional experience related to financial services, risk management, compliance or legal
• Strong decision making capabilities and the ability to identify problems and propose solutions
• Ability to operate independently with confidence to interact credibly with senior business stakeholders and build strong partnerships
• A team player who collaborates effectively on tasks and issues, and is able to influence others
• A thought leader who is able to innovate around challenges and bring idea generation to the team
• Outstanding attention to detail and ability to learn complex processes that affect various functions and business units within Credit Risk Management
• Highly organized, motivated and hard working with exceptional communication skills, both written and verbal with ability to give and prepare senior level communications and meet tight deadlines
• Strong Microsoft PowerPoint and Excel skills
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Keyskills :
credit risk managementcredit riskrisk metricsrisk managementidea generationcapital raisingestate planningbusiness controlwealth management