2 days old

Commercial Banking - Wholesale Lending Services - Credit Operations - Business Banking (Columbus, OH)

JPMorgan Chase & Co.
Columbus, OH 43215
  • Job Code
    190102330

Commercial Banking - Wholesale Lending Services - Credit Operations - Business Banking (Columbus, OH)

Req #: 190102330
Location: Columbus, OH, US
Job Category: Operations
Potential Referral Amount: US Dollar (USD)

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    JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 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 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 provides comprehensive solutions, including lending and treasury services, to corporations, municipalities, financial institutions and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion, as well as real estate investors and owners.

     
    Role will be a member of the Business Banking Transaction Approval Group whose primary responsibilities include centralized risk mitigation, compliance with regulations, and evaluation of overnight and intraday overdraft items for Commercial Bank Wholesale Lending Services.

     
    • Team that manages risk by reviewing and taking action on Overdrafts and TSS (Treasury and Securities Services) exposures for Business Banking clients using various credit systems such as ICRD(Transaction approval system for overdrafts).
    • Effectively balance need to facilitate payment flows with prudent risk taking.
    • Be knowledgeable on payment flows, customer patterns, relevant current events and significant transactions.
    • Monitor, acknowledge and approve intra-day and overnight overdraft transaction exposure and uncollected exposures.
    • Decision Overdrafts within delegated authority
    • Proactively follow-up with Area Managers/Divisional RISK Management in order to have clients cover overdrafts.
    • Approve or seek approval for ACH risk rejects
    • Review all TSS related credit facilities as part of the annual credit review process based on utilization and provide facility recommendation.
    • Actively coordinate / liaise with relationship management, customer service, operations, credit team and customers.
    • Identify and remediate client and credit reference data errors.
    • Be familiar with KYC, OFAC and 23A / B related issues.
    • Will typically have A4-B5 Credit approval authority between $50K - $250K.
    • Complete any assigned ad hoc projects in an accurate, timely and well-presented fashion by taking full responsibility and ownership.

Qualifications:

  Requires 3+ years of experience in either Commercial/Business Banking    
  operations, RISK, cash management/treasury or related areas.
  • Prefer Knowledge of related systems (e.g., ICRD, Customer Assist, APSTAR and GFC).

  • Requires excellent customer contact and communication skills.

  • Self-starter capable of working in a time sensitive production environment.

  • PC literate with proficiency in MS Outlook, MS Word and MS Excel.

  • Undergraduate degree or equivalent related experience.

  • Ability to accommodate a fluctuating work schedule, with some evening hours.



Keyword: consumer%20banking

Categories

Posted: 2019-12-03 Expires: 2020-01-02

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Commercial Banking - Wholesale Lending Services - Credit Operations - Business Banking (Columbus, OH)

JPMorgan Chase & Co.
Columbus, OH 43215

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