Corporate Risk - Credit Risk Middle Office - Analyst
Req #: 180036297
Location:
Newark,
DE,
US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
| 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:
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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
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Creating, amending and cancelling credit facilities.
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Support FO with annual credit due diligence and ensure proposed facilities setup correctly
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Exceptions monitoring from an operational control/data quality perspective
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Investigation and resolution of overlimits, unlinked and ungraded credit exposure
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Reporting to identify issues/patterns and allow for efficient management of large portfolios
A team member in CRMO is expected to deliver on the following specific tasks and requirements:
Description of Responsibilities:
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Provide operational support for CRM by performing various functions including line facilitation/maintenance, client data management, over lines monitoring and NAV gathering/monitoring
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To ensure accuracy performing BAU related activities / tasks and non-disclosure of client information by preserving client confidentiality
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To manage workflow for tasks, queries, and issues using various Credit owned systems (i.e. OTM, ARC, RBRM, Workflow, etc.)
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To achieve daily, weekly and monthly volume targets
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Ensure adherence to SLA’s, internal metrics & firm wide policies
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Ensure work is completed to the highest standards and seek opportunities to identify areas for process improvements and added controls
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Partner with CRMO onshore and offshore teams in EMEA, NA, and Asia regions
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Participate in UAT (user acceptance testing) on enhancements and changes to CRMO systems; including analyzing the impact of enhancements on CRMO reporting
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Follow and assist with the maintenance of standard operational procedures
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Anticipate and understand issues, and escalate appropriately for timely resolution.
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Participation in process improvements and automation/enhancements to current activities / tasks
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Other duties as assigned
- BA or BS degree preferably in Finance / Business
- Minimum of 1-3 years of work experience, preferably in operations / banking industry
- Basic knowledge of investment banking products preferable, but not required
- Prior experience working in a middle office or back-office team a plus
- Strong skills / knowledge of MS Office Products (e.g. Excel, Outlook, etc.)
- Strong analytical, prioritization and organizational skills
- Excellent communication and interpersonal skills
- Team player with ability to work with colleagues in a collaborative manner, as well as ability to manage prioritization
- Flexible; ability to work as needed in order to meet business demands
- Able to work accurately and effectively under pressure
- Effective time management skills
- Excellent Client focus and Customer care working practices
- Controls Focused