What are the responsibilities and job description for the Risk Management -Public Finance - Associate 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 Public Finance Associate within the Wholesale Credit Risk organization, you will be directly involved in direct lending transactions and portfolio management. Your responsibilities will include analyzing financial statements, keeping abreast of industry changes, preparing credit approval memos, participating in discussions with senior credit officers and bankers, and establishing credit facilities in line with the Bank's policies.
Job responsibilities
- Oversees and monitors a portfolio of client credit exposures, across specialized industry classes, on an ongoing basis
- Takes ownership of client credit requests and is able to develop and recommend a credit opinion
- Conducts credit analysis and seeks approval for all transactions, including loans, derivatives, and operating exposures as part of a deal team
- Evaluates structures of new loan and derivative transactions and determines risk appetite
- 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, and potential problems
- 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
- Assigns risk ratings and maintains updated credit research on portfolio of clients
- Manages credit due diligence process for clients
- Prepares and reviews written credit approval documents, which include financials analysis and modeling
Required qualifications, capabilities and skills
- Solid accounting and corporate finance expertise
- Strong analytical and financial assessment ability
- Good knowledge of loan and derivative products, documentation, and structuring
- An interest in client interaction
- Strong 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 3 years related experience in credit risk, either in banking or a corporate finance role
Preferred qualifications, capabilities and skills
- Some experience negotiating legal documents associated with tax exempt and taxable credit products a plus
