7 days old

JPMorgan Chase & Co.
Plano, TX 75074
  • Job Code
    190106572

CCB - Auto Finance - Dealer Commercial Services – Chief Commercial Officer – 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.

 

CCB Risk

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


Dealer Commercial Services (DCS) is a commercial lending unit of Consumer & Community Banking, Chase Auto Finance.  We specialize in lending to new car dealers in the US with sales ranging from small business to public auto dealerships.  We provide floor plan, real estate, acquisition and commercial loans, along with cash management, derivatives and wealth management.  We are one of the largest bank-owned floor plan lenders in the US. 

 

The Chief Commercial Officer is a senior management position that should possess superior commercial lending knowledge and analytical abilities.  A successful candidate must possess a strong understanding of the auto industry, dealership operations, and broader economic cycles.  The candidate should have a strong risk management background and have knowledge of credit policies, pricing/scoring, risk reporting (e.g. KRIs), concentration limits (e.g. Risk Appetite) and risk oversight functions. The CCO will be expected to oversee the day to day Dealer Commercial Services operations as well as approve and structure deals appropriately within your credit authority.  In addition, this manager will lead the DCS analytical team in providing detailed reporting and analytics, to drive decisions, manage and influence business priorities.  Top candidates will work closely with the DCS Chief Risk Officer in implementing a critical risk management framework to manage our risks and identify opportunities for growing Dealer Commercial Services.  The individual should also have prior experience delivering broad and complex projects, effectively communicating and interacting with senior business partners, thinking creatively to solve problems, and thriving in a fast paced environment.  He/she will drive and proactively manage multiple deliverables simultaneously, spanning various Risk Management and Chase Auto topics.  The candidate will need to effectively engage with senior leadership and cross-functional partners, be detail oriented, diligent, and confident in relationship management.

 

Job responsibilities will include but are not limited to:

  • Partner with the DCS Chief Risk Officer to execute on strategic, cross-organization initiatives
  • Serve as key point of contact for all central requests from Risk, CCB, and Auto Leadership
  • Oversight of DCS Governance forums, and executive reporting across Chase Auto Risk
  • Portfolio Management: provide on-going oversight of credit management activities with a focus on early warning concerns, guidance on policy issues, procedures and risk ratings
  • Credit Approval: ensure credit integrity of transaction, effectively maintain credible challenges with the business and ability to present and support recommendations to Senior management
  • Refine and enhance strategic reports to effectively leverage analytical capacity and drive transparency throughout Auto and the Risk organization
  • Leading an effective team: be a change leader for your direct reports and assist with the mentoring, coaching, and providing on-going training and development of staff
  • Assessing and implementing improved processes and new technologies, and collaborating with management regarding the implementation of these improvements.
  • Establish workgroups with critical partners across the DCS business, conduct detailed requirement sessions to identify core metrics which are critical when monitoring for dealer risks (KPIs/KRIs), create a detailed design of the portfolio management framework.
  • Identify and manage the implementation of the proper business intelligence tools which will provide and enhance management reports (aka Dashboards), ensuring robust portfolio risk management and comprehensive views into the dealer body. 


  • Bachelor’s degree required; Master’s Degree preferred 

  • A minimum of 10+ years’ experience in Commercial lending, including making credit decisions, management new originations, portfolio management and risk mitigation.

  • Strong knowledge of Commercial lending with experience and past credit authority

  • Understanding an experience in providing control oversight and relevant operating risk oversight in the Commercial lending space.

  • Strong communication skills (verbal and written) with the ability to effectively communicate at all levels of the business

  • Demonstrated experience in managing large teams.

  • Must possess advanced problem solving skills with the ability to interpret needs of senior management and business partners and develop effective solutions

 

Req #: 190106572
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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