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Wealth Management - Credit Middle Office - Team Leader

Req #: 170100554
Location: Bangalore East, KA, IN
Job Category: Asset Management
Job Description:
J.P. Morgan Asset & 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.
  • Review loan Covenants as set up with the loan documentation
  • Review loan Covenants and notes on the Applications where they are set-up
  • Liaise with the front office to ensure the borrowers are compliant with the covenants in accordance with the loan documents.
  • Reach out to the front office requesting the appropriate documents, like personal financial statements, tax returns etc
  • Monitor and track exceptions and handle them appropriately.
  • Issue exceptions wherever necessary and clear them on receipt of appropriate documents
  • Calculate Borrowing Base, Liquidity and Debt Coverage as necessary and as prescribed by the loan documents
  • Work on weekly and quarterly exceptions
  • Ensure all documentation is uploaded appropriately onto the Dealworks folders
  • Work with the onshore staff and collaborate as a team to ensure compliance
  • Process Draw requests as appropriate, in a timely manner
  • Use available resources to find, review, and set-up loan covenants, and use the information to prepare quality Covenant Agreements and Loan Agreements.
  • Review current and pending exceptions to covenant agreement terms that occur. Confirm their accuracy and proactively identify an appropriate resolution prior to escalation to extended team members to highlight to Underwriters and Bankers for resolution.
  • Ensure that credit risk recommendations and mitigations are implemented.
  • Able to manage things in the absence of the supervisor
Qualifications and experience:
  • Minimum 6-7 years prior experience in a related position
  • Ability to perform in a fast paced environment and handle multiple tasks through effective prioritization
  • Understanding of credit concepts
  • Understanding of credit legal issues and be able to quickly determine sensitivity to business risk
  • Prior exposure to traditional credit products and traditional credit product loan documentation a plus
  • Experience using the Credit Risk Infrastructure tools and applications (ARC, EN, SRGT, CRRT, OWL, SELM, etc) a plus
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