4 days old

Commercial Bank - Risk - Middle Market - Credit Risk, Associate

JPMorgan Chase & Co.
San Francisco, CA 94102
  • Job Code
    190085262_1

Commercial Bank - Risk - Middle Market - Credit Risk, Associate

Req #: 190085262_1
Location: San Francisco, CA, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 0 US Dollar (USD)
 

JP Morgan Chase


JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with 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 http://www.jpmorganchase.com/.


 


Our Firmwide Risk Function


Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.



The position is in Middle Market Banking and Specialized Industries’ organization with a particular focus on Technology & Disruptive Commerce industry clients with revenues between $20mm and $500mm. The Technology & Disruptive Commerce underwriting team is responsible for the credit risk management of clients in the innovation economy with a specific focus on the software, hardware/systems, internet, IT services, emerging growth and digital media sectors. Clients in each of these sectors are active users of traditional commercial banking services and investment banking products and covered by dedicated bankers dispersed throughout the US. These innovation economy industry verticals are high profile expansion markets that offer underwriters an opportunity to work on a high volume of transactions, in a fast paced and rapidly growing segment of the Commercial Bank.


 


The Senior Associate is the primary credit risk manager for a portfolio of Middle Market Banking Technology industry clients and transactions. In this capacity, the Senior Associate works in partnership with a team of Technology bankers and product partners to risk grade borrowers, analyze and approve credit requests, structure credit facilities, and negotiate credit agreements and other loan documentation. The Senior Associate is also responsible for on-going monitoring and risk management of an assigned portfolio of credit clients. To be successful, this individual needs to develop a broad and deep understanding of the business, financial, competitive, and industry risks faced by clients in the assigned portfolio. The Senior Associate will report to the Technology Group Credit Risk Director and be supported in his/her day to day work by a dedicated team of Analysts and fellow Underwriters that report to the same Credit Risk Director. The Senior Associate will be expected to play an important role in mentoring and developing junior talent to enhance the performance of the broader team. The position is “client facing” and domestic travel will be required from time to time.


 


Responsibilities


 


1. Risk Assessment


 


  • Identify the key risk factors associated with clients, transactions, and industry sub-sectors across an assigned portfolio


 


  • Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, competitive threats,


 


  • and industry and other factors


 


  • Lead and/or participate in client due diligence meetings as necessary


 


  • Attend client, bank, and other meetings to develop a better understanding of client companies, management teams, and


 


  • industry sectors


 


  • Use financial models to incorporate the impact of forward-looking risk assessment on key value drivers


 


  • Develop and recommend appropriate credit structures relative to risk assessment


 


2. Credit Approval Process


 


  • Apply corporate finance and accounting expertise to develop appropriate financing structures


 


  • Prepare credit approval materials, ensure all credit risk policies are followed, and present and recommend credits for


 


  • approval at the appropriate level


 


  • Analyze and negotiate covenants and other terms and conditions as part of a deal team


 


  • Review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval


 


3. Portfolio Management


 


  • Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis


 


  • Ensure risk ratings are accurate and reflect a current forward-looking view of the client


 


  • Provide early identification and proactive management of deteriorating credits and other problem situations


 


  • Analyze, prepare, and present for approval all required waivers, amendments, and extensions


 


  • Prepare and present semi-annual portfolio review material to senior management


 


  • Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process


 


  • Work closely with PMAs/Credit Assistants to ensure accuracy of credit system data


 


  • Assist Credit Risk Director in training and developing junior underwriters



 


 

- Superior credit, lending, negotiation, loan documentation, and financial modeling skills

 

- Strong interpersonal and communication skills

 

- Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction

 

- Completion of a major commercial/investment bank credit training program or equivalent experience, and a thorough

 

understanding of bank credit policies and procedures

 

- Minimum of Senior Associate: 3-4 years of commercial/investment banking lending experience including extensive credit, structuring,

 

and marketing. Experience working with innovation economy industry clients is preferred

 

- BA/BS degree is required, MBA is a plus



 




Keyword: consumer%20banking

Categories

Posted: 2019-09-12 Expires: 2019-10-12

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Commercial Bank - Risk - Middle Market - Credit Risk, Associate

JPMorgan Chase & Co.
San Francisco, CA 94102

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