What are the responsibilities and job description for the Risk Management - Trade Credit Risk 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 JPMorganChase 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 Trade Credit Risk Vice President within the Americas Regional Trade Risk team, you will be assisting the Head of Trade Risk in evaluating new transactions and product development. Your responsibilities will also include monitoring the portfolio and implementing or developing risk policies. You will be approving team member trade finance transactions, managing credit exposure, and collaborating with the business for the development of new Trade products.
Job Responsibilities
- Approve trade transactions within delegated authority across the assigned portfolio and monitor exposure
- Provide risk management decisions on variations from standard documentation and/or product policy and guidelines
- Assist trade sales, GCB and coverage on requests to the Credit team for credit lines to support new business and advise Credit on suitability of product for a given counterparty or suitability of the structure at transaction level
- Collaborate closely with Trade Management, Trade Sales, Credit Risk and Legal
- Partner with key stakeholders to approve new structures, policy exceptions and control solutions
- Interact with Trade sales team to voice risk views and solutions to transactions in the pipeline
- Partner with Trade Risk counterparts in other regions to share best practices
- Partner with the expanding Global Trade & Working Capital team to drive a strong risk culture and independently identify, assess and address risk issues as they arise
- Provide training on trade products and associated risks to internal partners
- Participate in Regional Risk & Country Committees and attend Industry Events
- Attend and contribute to various Business forums and committees where Trade Risk is a voting member
Required Qualifications, Capabilities and Skills
- Bachelor's degree
- Minimum 5 years of experience in Credit Risk, Trade Risk, Securitization, Structured Finance and/or Asset-backed Finance
- Strong credit risk skills and robust experience interpreting and negotiating legal documentation
- Demonstrated ability to operate in a time-sensitive environment while multi-tasking
- Curious intellectual and business acumen with willingness to take a leading role in a wide range of initiatives and drive solutions
- Excellent ability to communicate effectively at all levels of the organization
- Good interpersonal skills with aptitude to influence decision process and align risk strategy with business objectives
- Self-starter with demonstrated track record in successfully leading collaborative efforts with other constituents who may have different backgrounds, risk understanding, skill sets and priorities
Preferred Qualifications, Capabilities and Skills
- Experience in counterparty credit risk
- Experience in structured finance transactions
- Basic understanding of key traditional trade instruments and their various risks
