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Corporate Risk - Credit Risk Middle Office - Associate

Req #: 170087107
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:

·         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:

 

·         People and resource management (e.g. people development, pipeline/skills monitoring, training programs).

·         Maintain effective and standard operational procedures

·         Provide operational support for CRM by performing various functions including line facilitation/maintenance, client data management, over lines monitoring and NAV gathering/monitoring

·         To manage workflow for tasks, queries, and issues using various Credit owned systems (i.e. OTM, ARC, 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.
  • Experience with MIS (Management Information System)
  • 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
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