JPMorgan Chase Corporate Risk - Credit Risk Middle Office - Associate in Newark, Delaware
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Credit Risk Middle Office (CRMO) supports the credit approval and decision making processes for Credit Risk Management (CRM). CRMO is actively involved in the analysis of credit data and risk metrics in addition to identifying trends and issues which may impact the bank’s ability to manage credit risk.
The purpose of Credit Risk Middle Office is to establish and maintain a common approach to controls and operational workflows across the risk management infrastructure in support of Corporate Investment Bank. Credit Risk Middle Office provides operational support for Credit Risk Management which includes the following functions:
Rules based Funds processing incorporates reviewing client/fund documentation to analyze and make subjective decisions that determine JPM’s internal risk grade, Net Asset Value Gathering
Creating, amending and cancelling credit facilities.
Support FO with annual credit due diligence and ensure proposed facilities setup correctly
Exceptions monitoring from an operational control/data quality perspective
Investigation and resolution of overlimits, unlinked and ungraded credit exposure
Reporting to identify issues/patterns and allow for efficient management of large portfolios
An Associate position in CRMO is expected to deliver on the following specific tasks and requirements:
Description of Responsibilities:
Functional lead across DE CRMO for specific components. Can include, but not limited to overlimit exceptions, line sizing analysis and recommendations, facility maintenance, project management.
Maintain effective and standard operational procedures
To manage workflow for tasks, queries, and issues using various Credit owned systems (i.e. ICRD, RBRM, Workflow, etc.)
Improve and maintain a controlled environment (e.g. necessary control activities along process lifecycle, team members fully understand risks and related controls)
Manage relationship with internal clients, anticipate needs, take feedback, run conference calls.
Help build business cases for the changes that would improve business processes and see them through to completion
Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.
Identify/ manage risk and control breakdowns
Anticipate and understand issues, and escalate appropriately for timely resolution.
Manage the performance management cycle- Objective setting, development and career planning, performance appraisal and reward & recognition.
Ensure adherence to SLA’s, Internal metrics & firm wide policies.
Manage projects and conduct User Acceptance Testing for enhancements to current systems or migration to new system
BA or BS degree preferably in Finance / Business
Minimum of 3 years experience in financial industry or operations
Experience in CIB Markets Middle Office and operations a plus.
Excellent interpersonal skills. Should be able to communicate at all levels.
Behavioral skills, Leadership, Problem solving and time management
Strong planning, negotiation, analytical and process improvement skills
Good understanding of Client entity types specifically Hedge funds, Fund Administrators, Corporates & Financial Institutions
Excellent business writing and verbal English communication skills
Proficient in MS office package (Word, Excel, PowerPoint and outlook).
Strong control and quality management skills; accuracy and attention to detail is vital.
Assertive and self-confident, comfortable when interacting with senior management.
Excellent coaching skills.
Detail and Deadline orientation.
Well developed negotiation, persuasion and influencing skills
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.