What are the responsibilities and job description for the Risk Management - Business Banking Wholesale Credit Risk Manager - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. 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.
As a Wholesale Credit Risk Manager in Business Banking, you will manage a team of Divisional Credit Officers who: decision new credit, renew existing credit lines, complete annual reviews of larger credit exposures and maintain relationships with key functional collaborators (Sales, Operations, Legal, Compliance and Risk). You will appropriately assess the risk in the portfolio, ensuring that the team decisions new credit transactions according to requirements and diligently manages the existing credit portfolio (i.e. renewals, modifications, managing the credit metrics), meeting customer expectations and established goals (turn time, quality and growth). You will also have direct accountability for Credit Officer quality and regulatory compliance (Reg. B, Reg. O, Reg. W, etc.). As part of the management team, you will be expected to identify opportunities to improve controls and efficiencies as well as lead change through identified projects.
Job Responsibilities
- Lead a team of credit officers that analyze and decision credit requests of varying complexity while maintaining high quality standards and adhering to credit policies, guidelines and procedures.
- Implement the firm’s risk appetite across the various industries and geographies. Ensure appropriate Risk Grading and Loss Given Default assignments to all credits.
- Develop and oversee the resources and workflow process to manage Time to Money for new and renewed deal flow and other portfolio management related activities.
- Assume ownership of the portfolio quality, acting with a sense of urgency, doing whatever it takes to effectively get the job done.
- Voice your opinion in a clear, concise manner and defend that position with management.
- Partnering with other functions to put in place and consistently improve processes to drive efficiency and consistency, while maintaining credit quality of portfolio.
- Perform reviews of employee activities to ensure compliance with control measures and identify areas for improvement.
- Using analytics and reporting to manage resourcing and workload.
- Partner with the Model Review Group to prepare model documentation, provide credible challenge, and obtain usage approvals.
- Provides input into deep dives and prepares and delivers presentations for various senior Risk forums to provide updates on the Credit portfolio and support risk discussions.
Required qualifications, capabilities and skills
- Minimum of bachelor's degree or equivalent experience
- Completion of advanced courses in finance, accounting, and credit either through a bank sponsored training program or college course work.
- Typically, 10 plus years’ experience as a relationship manager, Credit Officer or similar position requiring business banking/commercial knowledge and credit judgment.
- Excellent risk assessment skills, including risk identification and measurement, mitigation strategy development, regulatory management, policy and procedure development
- Thorough knowledge of credit philosophy and policies, loan documentation, bankruptcy and related legal issues.
- Demonstrated ability to lead people and manage time sensitive, complex initiatives
- Excellent interpersonal and communication skills, including ability to negotiate, compromise and demonstrate diplomacy in sensitive situations and to interact effectively with senior management
- Proven ability to work in a matrixed environment, provide oversight, negotiate and directly influence change
- Ability to collaborate with business and functional experts to provide risk assessment guidance, recognize risks and design enhancements
- Strong project management and process skills
- Ability to prioritize and execute on multiple, simultaneous, complex priorities
Preferred qualifications, capabilities, and skills
- Graduate degree in business preferred.
- Business Banking/Commercial portfolio management experience
