11 days old

JPMorgan Chase & Co.
Columbus, OH 43215
  • Job Code

Commercial Banking – Wholesale Lending Services – Credit Support Sr. Specialist - Credit Compliance Quality Control (Columbus, OH)

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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 worlds most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as fully paid parental leave time, health care insurance and retirement benefits.


Commercial Banking (CB) serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.


Wholesale Lending Services (WLS) exists within the Commercial Bank and provides a broad array of syndicated and bi-lateral loan servicing support to the Firm’s Wholesale Lending Businesses.  These functions include Loan Documentation Prep & Coordination, Credit Administration, Deal Closing/Funding, Credit Compliance Monitoring, Agent and Non-Agent Loan Servicing, Trade processing, and Collateral Perfection/ Management.


Credit Services sits within the WLS Middle Office and provides Credit Compliance Monitoring for the Commercial Banking Loan Portfolio.  This includes Covenant Document Tracking, Financial Covenant Monitoring, Borrowing Base Monitoring and Security Valuation Monitoring.  The Specialist will be responsible for reviewing the quality of customers’ compliance with credit agreements performed by Credit Services Specialists. 

Core Responsibilities:

  • Review the quality of customers’ compliance with credit agreements by re-performing tasks originally completed by Credit Services Specialists, including: 

    • Set-up and calculate a variety of Financial Covenants (ratios) using complex commercial financial statements from customers with different accounting policies

    • Determine Performance Pricing and review the initiation of any required pricing changes on various systems

    • Calculate borrowing base and marketable securities collateral availability on customers’ facilities per required agreements

  • Clearly communicate any issues or discrepancies found during the quality review for correction; identify patterns and/or trends in results in order to address root cause

  • Follow-up to ensure corrections are made in system or escalate as necessary to Credit Services management for resolution

  • Contribute to the continuous improvement agenda by suggesting process and procedure improvement ideas as well as training and communication opportunities discovered from the quality review process

  • Participate in projects related to quality improvement

  • Ownership of internal communication and status updates to all involved parties

  • Manage internal partner expectations

Required Qualifications: 

  • Significant Accounting experience – either a minimum of 6 hours Undergrad Accounting or Equivalent Work Experience

  • Ability to read and interpret complex legal agreements to identify a variety of covenants

  • Knowledge of financial documents including financial statements, accounts receivable and inventory reports, etc. with ability to identify inadequacies and irregularities

  • High level of accounting knowledge to interpret/analyze the impact of different accounting policies and statement formats on financial covenant calculations

  • Ability to work independently with strong attention to detail and high accuracy and efficiency level

  • Creative problem solving and solid judgment/decision making skills

  • Excellent verbal, written, and organizational skills

  • Ability to multi-task effectively and leverage internal resources

  • Strong client focus and ability to partner with various internal groups


    Preferred Qualifications:

  • Bachelor’s degree in accounting/other business specialty or equivalent work experience in financial industry (typically 5+ years)

  • Knowledge of the Firm’s or similar financial institution’s Credit Policy

  • Experience with related credit systems such as CLASS, LoanIQ, ARC/iCRD, Deal Works, etc.

Req #: 200015770
Location: Columbus, OH US
Job Category: Credit
Employment Type: Full Time
Potential Referral Amount: 500 US Dollar (USD)

Keyword: consumer%20banking


Posted: 2020-03-25 Expires: 2020-05-03

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JPMorgan Chase & Co.
Columbus, OH 43215

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