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Corporate Risk - Credit Risk Middle Office Analyst

Req #: 180023426
Location: Newark, DE, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

JP Morgan Chase is a leading global financial services firm and one of the largest banking institutions in the U.S., with operations worldwide and assets of $2.5 trillion. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management.

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
  • Projects & Controls

Description of Responsibilities

  • Provide operational support for CRM by performing the NAV gathering/monitoring process. This includes reviewing client emails for the required information, website checks & ability to scrutinize data to identify the required information from client emails & documents.
  • Creation of dashboards for various regions, ability to scrutinize the data to identify gaps.
  • Review the dashboards & KPIs to enhance the files to enhance the formulae and ability to integrate excel dashboards with other tools to optimize the results
  • Perform end of Day Variance checks on the daily NAV uploads
  • To ensure accuracy performing BAU related activities / tasks and non-disclosure of client information by preserving client confidentiality
  • Build an understanding of the various industries teams within Credit Risk Middle Office to analyze the overall process;  review process gaps and drive consistency
  • Partner with the BAU Teams & Liaise with Tech teams for defect tracking, enhancements & UAT Testing
  • Develop and maintain written procedures and User Acceptance Test Scripts. 
  • Help build business cases for the changes that would improve business processes and see them through to completion
  • Maintain & lead initiatives across CRMO locally & globally if applicable
  • Conduct internal quality assurance checks for the BAU Teams & submit the results in a well organized manner to the BAU managers
  • Improve and maintain a controlled environment (e.g. necessary controls activities along process flow implemented, appropriate control tools in place). Maintain effective and standard operational processes
  • Manage relationship with internal partners, obtain feedback, lead conference calls.
  • Take responsibility for the quality of work submitted and ensure that the highest standards are maintained.
  • Ensure adherence to SLA’s, Internal metrics & firm wide policies.

Essential Skills & Experience

  • Ability to contribute in meetings, review the existing process to develop, implement and maintain effective standard operational processes.
  • Ability to interpret and analyze system generated reports and other data,  analyze impact to overall processes and deliveries; feed results into the decision making process
  • Understanding & knowledge of trade life cycle
  • Ability to manage relationship with internal clients. Past experience in this area with emphasis on service level deliveries, expectations setting, global partners, new products, etc. will be an added advantage
  • Ability to monitor and actively prioritize workload
  • Graduate or Post Graduate with a minimum of 3 years of experience (Exposure to Credit Risk Management operations  would be desirable)
  • Knowledge of MS Office Products (Word, Excel, PowerPoint and outlook)
  • Expert Level Excel skills is a requirement (SUMIFS, SUMPRODUCT, INDEX, MATCH, LOOKUP formulas. Apart from knowing the formulas, user should know how to debug them, audit them and how to use which formula for which occasion, user should also know few alternatives for any given formula problem, Tables & Formatting, Conditional Formatting, Advanced Charting, Pivot tables)
  • VBA, Macros & Visio will be preferred
  • Exposure to controls & risk environment, Action Plans & project management preferred
  • Excellent Interpersonal skills. Should be able to communicate at all levels.
  • Strong control and quality management skills; accuracy and attention to detail is vital.
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