9 days old

JPMorgan Chase & Co.
Plano, TX 75074
  • Job Code
    190113085

CCB - Auto Finance - Dealer Commercial Services – Head of Special Credits - Executive Director

Job Description

 

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 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.

 

 

Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others 

  

This position reports up through Consumer and Community Banking, Chase Auto Risk.  Dealer Commercial Services (DCS) is a specialized commercial lending group that works with automotive dealers. 

 

As the Special Credits Head you will be a contributing member of the DCS leadership team.  You will be focused on managing a portfolio of marginal to adversely graded credit relationships with the purpose of improving the overall quality of the portfolio through negotiating satisfactory repayment/exposure management, obtaining additional collateral and/or restructuring credit facilities, as appropriate.  In addition, you will have some direct client engagement to enforce performance improvement plans and work on rehabilitation strategies. 

The Special Credits Executive is expected to supervise and lead a team of Underwriters. 

 

A successful individual must possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles.   With minimal guidance, you will be expected to approve and structure deals appropriately that are within your credit authority and provide guidance and recommendations on deals outside of your credit authority.   You will be expected to work independently and be a key resource concerning credit issues, bankruptcy and policy expertise.

 

Job responsibilities will include but are not limited to:

  • Leading an effective team: assist with the mentoring, coaching, and providing ongoing training and development of staff
  • Workout Management: Expert understanding of the workout process, negotiation strategies and understanding of proper reporting to management according to bank policies and OCC requirements
  • Portfolio Management: Supervise ongoing credit management for watch list, marginal clients, through monthly watch process and escalation of potential loss scenarios with a focus on actionable items and time bound expectations
  • Quality of Underwriting: ensure consistent quality underwriting packages that comply with regulations and the Bank’s policies and procedures
  • Credit Approval: ability to prioritize multiple tasks to meet customer deadlines while ensuring the credit integrity of transactions
  • Build/Maintain Strong Partnerships: participate in deal teams and customer meetings to discuss alternative credit structures

  • BA/BBA/MBA
  • 8+ years’ commercial banking / lending experience including extensive credit, structuring and marketing experience. 
  • Commercial banking / automotive captive experience, with thorough knowledge of accounting and financial statement analysis. 
  • Superior analytical skills supported by excellent written and verbal communication skills. 
  • Demonstrated judgment and ability to act decisively. 
  • Ability to manage a transaction team on behalf of Banker or Market Manager. 
  • Expert knowledge of credit philosophy and policies, loan documentation, bankruptcy and related legal issues. 
  • Thorough knowledge of the Bank's policies and procedures, as well as its products and their inherent risks. 
  • Recognized leadership capacities. 
  • Experienced in supervision of professional level employees

Req #: 190113085
Location: Plano, TX US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: US Dollar (USD)


Keyword: card%20services

Categories

Posted: 2020-01-14 Expires: 2020-02-13

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JPMorgan Chase & Co.
Plano, TX 75074

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