Asset Wealth Management Custom Underwriting, Analyst

JobID: 210540769

Category: Analysts

JobSchedule: Full time

Posted Date: 2024-07-30T14:00:15+00:00

JobShift: Day

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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.

Job summary

As an Asset Wealth Management - Custom Credit Underwriting, Analyst in the Wealth Management Custom Underwriting team, you'll be part of 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.

Job responsibilities

• Evaluate Wealth Management consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.

• Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. You will utilize these ratios and evaluate other qualitative factors to determine a client's risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.

• Analyze the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.

• Identify and clearly articulate risks and mitigating factors that could impact the client's ability to repay the loan. You will recommend a course of action with clear and concise rationale.

• Articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.

• Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. You will negotiate loan structure and terms when necessary and will provide alternative solutions when appropriate.

• Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.

• Take responsibility for portfolio management and appropriate escalation for your respective markets to ensure credit risk is maintained.

• Work with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.

• Mentor less experienced Credit Associates and Support Partners, as well as other WM staff.

• Provide feedback on and recommend enhancements to existing processes and procedures to enhance controls and efficiency.

Required qualifications, skills and capabilities

• Bachelor's degree in Finance, Accounting, Economics, or Business Management

• 2+ year's consumer and commercial bank lending experience.

• Completion of a major bank credit-training program

• Possess strong computer skills including Microsoft Office.

• Knowledge of JPMC software applications and a broad knowledge of bank products and services.

• Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team.

• Strong analytical and organizational skills.

Preferred qualifications, skills, and capabilities

• STEM related degree

• Completion of a major bank credit-training program

• Fluent in Spanish, Portuguese, Mandarin or other languages frequently used by our Global clients