Verified Job
Accounting - Finance
Commercial Banking Credit Risk Underwriter Associate
Accounting - Finance
#329590
Remote / WFH
Job Description
Job Title
Commercial Banking Credit Risk Underwriter - Associate
Posting Description
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 Credit Risk Underwriter (Associate) in the CCBSI Financial Institutions Group (FIG) - Operating Risk Team, you will be responsible for the credit risk management of a national portfolio of companies which operate in the following financial sectors: insurance, mortgage finance, asset management, private equity, payments, sustainable finance, exchanges, lender finance, and other financial services. These companies are active users of traditional treasury management and trading products (ACH Debit, ACH Credit, letters of credit, corporate cards, securities and OTC derivatives trading, and intraday overdraft limits).
As the primary credit risk manager for a portfolio of FIG clients, the Underwriter works in partnership with coverage banking, treasury services, and other product partners to analyze and approve credit requests, risk grade borrowers, and negotiate collateral agreements and trading documentation. The Underwriter is also responsible for on-going monitoring and risk management of their portfolio.
Job Responsibilities
• Risk Assessment - identify and evaluate key risk factors associated with clients, products, and industry asset classes across an assigned portfolio; lead client due diligence meetings; attend client, bank and other meetings to develop a better understanding of client companies, management teams and industry sectors; and develop and recommend appropriate credit structures relative to risk assessment.
• Credit Approval - ensure all credit risk and other policies are followed, with exposures approved at appropriate level; prepare credit approval materials, present and recommend approvals; analyze and negotiate collateral and other terms and conditions as part of a deal team; review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval.
• Portfolio Management - Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis, including ensuring risk ratings are accurate, provide early identification and proactive management of deteriorating credits and other problem situations, work closely with Credit Services to ensure accuracy of credit system data, and lead individual project related work as requested by Senior Management.
• To be successful - this individual needs to develop a broad and deep understanding of the business, financial, viable, and industry risks faced by clients in the assigned portfolio.
• Career progression opportunity - role can lead to opportunities underwriting traditional loan relationships as a Senior Underwriter (cash flow reliant, asset reliant, M&A, debt/capital market opportunities) if desired and performance shows the necessary skills to progress into that role.
Required Qualifications, Capabilities, And Skills
• BA/BS degree
• Outstanding verbal and written communication skills, along with strong interpersonal skills to interact effectively with and build relationships clients, bankers, product partners, and senior management
• Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction
• Successfully operate within in a deal team dynamic
• Strong work ethic with an ability to meet deadlines while multi-tasking
• Promote a strong control environment. Excel/PowerPoint/MS Office knowledge
Preferred Qualifications, Capabilities, And Skills
• Knowledge of credit and JPMC (or similar bank) policies and procedures are a plus
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs
Commercial Banking Credit Risk Underwriter - Associate
Posting Description
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 Credit Risk Underwriter (Associate) in the CCBSI Financial Institutions Group (FIG) - Operating Risk Team, you will be responsible for the credit risk management of a national portfolio of companies which operate in the following financial sectors: insurance, mortgage finance, asset management, private equity, payments, sustainable finance, exchanges, lender finance, and other financial services. These companies are active users of traditional treasury management and trading products (ACH Debit, ACH Credit, letters of credit, corporate cards, securities and OTC derivatives trading, and intraday overdraft limits).
As the primary credit risk manager for a portfolio of FIG clients, the Underwriter works in partnership with coverage banking, treasury services, and other product partners to analyze and approve credit requests, risk grade borrowers, and negotiate collateral agreements and trading documentation. The Underwriter is also responsible for on-going monitoring and risk management of their portfolio.
Job Responsibilities
• Risk Assessment - identify and evaluate key risk factors associated with clients, products, and industry asset classes across an assigned portfolio; lead client due diligence meetings; attend client, bank and other meetings to develop a better understanding of client companies, management teams and industry sectors; and develop and recommend appropriate credit structures relative to risk assessment.
• Credit Approval - ensure all credit risk and other policies are followed, with exposures approved at appropriate level; prepare credit approval materials, present and recommend approvals; analyze and negotiate collateral and other terms and conditions as part of a deal team; review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval.
• Portfolio Management - Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis, including ensuring risk ratings are accurate, provide early identification and proactive management of deteriorating credits and other problem situations, work closely with Credit Services to ensure accuracy of credit system data, and lead individual project related work as requested by Senior Management.
• To be successful - this individual needs to develop a broad and deep understanding of the business, financial, viable, and industry risks faced by clients in the assigned portfolio.
• Career progression opportunity - role can lead to opportunities underwriting traditional loan relationships as a Senior Underwriter (cash flow reliant, asset reliant, M&A, debt/capital market opportunities) if desired and performance shows the necessary skills to progress into that role.
Required Qualifications, Capabilities, And Skills
• BA/BS degree
• Outstanding verbal and written communication skills, along with strong interpersonal skills to interact effectively with and build relationships clients, bankers, product partners, and senior management
• Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction
• Successfully operate within in a deal team dynamic
• Strong work ethic with an ability to meet deadlines while multi-tasking
• Promote a strong control environment. Excel/PowerPoint/MS Office knowledge
Preferred Qualifications, Capabilities, And Skills
• Knowledge of credit and JPMC (or similar bank) policies and procedures are a plus
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, ****** orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs
