Join our dynamic team and make a significant impact in the world of finance! Apply today to lead our Letter of Credit Operations and drive global change.
Job Summary:
As a Letter of Credit Operations Manager in the Wealth Management and Private Bank Americas team, you will lead and support the letter of credit business. You will establish a centralized team for global transactions and collaborate with various departments to ensure efficient credit processes.
Job Responsibilities:
- Establish and manage a centralized team for letter of credit activities.
- Oversee creation and negotiation of letter of credit text in compliance with ISP 98 and UCP.
- Review and recommend risk mitigation strategies for issued letters of credit.
- Participate in client meetings to discuss letter of credit regulations and structures.
- Provide oversight to analysts during text negotiation with clients and advisors.
- Coordinate with Global Trade Services and Lending Solutions to meet deadlines.
- Partner with Lending Solutions to integrate terms into the corporate credit platform.
- Ensure accurate linkages between Corporate Credit Systems and other platforms.
- Coordinate loan closings and letter of credit issuances with internal and external parties.
- Manage global approval for cross-LOB requests and ensure accurate risk allocations.
- Provide training and develop materials for letter of credit education.
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Required Qualifications, Capabilities, and Skills:
- Excellent communication skills, both written and verbal.
- Ability to multitask and reprioritize work effectively.
- Strong relationship-building skills.
- Ability to interact with various organizational levels.
- Self-starter with task recognition and completion skills.
- Proficiency in MS Office, especially Excel.
Preferred Qualifications, Capabilities, and Skills:
- Letter of Credit product knowledge.
- Understanding of credit concepts and FX participations/syndications.
- Experience with Credit Risk Infrastructure tools and applications.
- Data mining skills.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.