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Wealth Management (CWM)- SBL Lender (Underwriter)

Req #: 180020620
Location: Westerville, OH, US
Job Category: Asset Management
Job Description:

About JP Morgan Wealth Management
J.P. Morgan Asset and Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.


Our Business

The Chase Wealth Management (CWM) Advisors have their own securities based lending product with over $5 billion in extended credit.  It is part of the Securities Based Lending Team (SBL) Credit Middle Office.  The primary focus is on supporting the client need for lines of credit based on the quality and diversification of their asset portfolio.  The group combines a focus on credit worthiness along with evaluation of collateral holdings as part of the underwriting process. 


Job Description

The SBL Lender’s primary objective is to underwrite all securities based lines of credit and ultimately recommend an approval or decline. Core responsibilities include:

  • Performing a comprehensive review of a client’s credit bureau and financial background.
  • Analyzing a client’s collateral accounts for concentrations, risk factors and overall quality in order to generate a lending valuation.
  • Reviewing lines of credit on an annual basis for renewal or modification as required. 
  • Preparing Loan Documentation packages and as necessary creating and editing manual documentation for bespoke deals.
  • Oversight of credit portfolio including partnering with the Front Office during periods of market sensitivity or collateral shortfalls.
  • Reviewing documentation for consistency with federal and local regulations.
  • Strong interpersonal skill, especially with business partners.
  • Excellent communication skills with various levels in the organization.
  • Ability to review processes and recommend process improvements.
  • Strong understanding of controls and their importance to an error free environment. 
  • Intermediate Microsoft Office skills; particularly Excel, Word and SharePoint.
  • Adobe Acrobat / PDF editor skill set required.
  • Candidate must have experience with Underwriting, Credit Risk and/or Collateral Valuation.
  • Ideal candidate will possess a working knowledge of the financial markets and their asset vehicles including but not limited to Mutual Funds, Equities, Fixed Income and Municipals.
  • Bachelor degree required.  A concentration in Finance, Economics or a related field preferred.
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