What are the responsibilities and job description for the Risk Management - Specialty Finance Lead Credit Officer - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorganChase. 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 Lead Credit Officer - Vice President on the Specialty Finance Risk Team, you will be responsible for the risk management of a national portfolio of non-bank financial entities which are focused on residential mortgage originations, commercial/consumer finance, fintech and other financial service industries. You will partner with Securitized Products, Corporate and Investment Bankers, Treasury Services and Traders to analyze, structure, risk grade, and approve credit exposures. You will be an instrumental member of the team that will drive deal documentation negotiations and have responsibility for the on-going risk management.
Job Responsibilities
- Oversee the ongoing risk management of their portfolio which includes maintaining a broad and deep understanding of your clients’ businesses, as well as a current and forward-looking view of the portfolio
- Develop a keen understanding of the residential mortgage finance and other specialty finance markets including key risk and structures and work collaboratively with junior resources and product bankers to develop solutions to the benefit the client and JPMorgan
- Lead due diligence meetings, which may be virtual or at the client's office
- Perform financial analysis to assess the strength of the corporate counterparty and identification of key risks
- Monitor the portfolio to ensure internal risk grades remain accurate and appropriate action is taken to mitigate risk for deteriorating clients
- Engage with coverage bankers and product partners to develop structures appropriate for the risk profile of the client and/or assets to be financed
- Work with business colleagues to assess stress or downside credit scenarios including validating cash flow models (typically Excel-based)
- Review and assist in the negotiation of transaction and trading legal documentation
- Oversee written credit analysis and present recommendations to senior credit officers for approval
- Mentor/guide junior resources and manage workloads, delegate with appropriate guidance and ensure deadlines are understood and met, and where needed, confidently escalate to senior managers
- Lead other ad-hoc projects, as needed
Required Qualifications, Capabilities and Skills
- Bachelor’s degree in a quantitative discipline
- 5 years of Commercial / Corporate banking/lending, Asset Based Lending (ABL) or Structured Finance experience including credit, structuring and marketing
- Completion of a major corporate bank credit/analyst training program or equivalent experience
- Excellent verbal and written communication skills
- Outstanding organizational and project management skills to balance portfolio management and deal execution responsibilities
- Demonstrated interpersonal skills to collaborate with teammates, bankers, product partners, senior management, and clients
- Strong work ethic with an ability to meet deadlines while multi-tasking
Preferred Qualifications, Capabilities and Skills
- Strong credit, documentation and transaction experience
- Residential mortgage, specialty finance and/or securitization experience
- Knowledge of credit, JPMorganChase and similar bank policies
- Excellent Excel, PowerPoint and financial modeling skills
