Global Wealth Management (GWM) provides advice, strategies and solutions for all aspects of the financial, asset management and wealth transfer needs of high net worth and ultra-high net worth clients. GWM is dedicated to delivering an outstanding client experience by providing unbiased advice and individual solutions.
Credit Risk assesses, permissions and manages credit and counterparty risks on an industry, client, geographic and transaction basis. Credit risk is the risk of loss arising from the default of a client or counterparty. The Credit Risk function identifies, measures, limits, manages and monitors credit risk across our businesses. Credit exposure arises through underwriting, lending and trading activities with and for clients and counterparties, as well as from a range of operating services such as cash management and clearing activities.
Want more jobs like this?
Get jobs in Columbus, OH delivered to your inbox every week.
Job summary
As a Senior Associate in Credit Risk Commercial Real Estate Analytics, you are responsible for the underwriting of new commercial real estate credits and the management of a portfolio of existing loans/relationships in a fast-paced environment. The ideal candidate will have experience in the commercial real estate industry, demonstrated knowledge of real estate underwriting fundamentals, and strong knowledge of credit and lending. Strong analytical skills are required, as are solid communication skills as the role will require the candidate to interact with external clients and present to internal management on new and existing transactions.
Job Responsibilities:
- Evaluate GWM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
- Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Individual will utilize these ratios and evaluate other qualitative factors to determine a client's risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.
- Analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
- Identify and clearly articulate risks and mitigating factors that could impact the client's ability to repay the loan. Individual will recommend a course of action with clear and concise rationale.
- Articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
- Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. Individual will negotiate loan structure and terms when necessary, and will provide alternative solutions when appropriate.
- Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
- Responsible for portfolio management and appropriate escalation for their respective markets to ensure credit risk is maintained.
- Work with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
- Mentor less experienced Credit Analysts and Support Partners, as well as other GWM staff.
- Provide feedback on, and recommend enhancements to existing processes and procedures to enhance controls and efficiency.
Required qualifications, capabilities and skills
- Bachelor's degree required; Finance, Accounting, Economics, Business Management or STEM related degree
- 3 + year's consumer and commercial bank lending experience, as well as knowledge of real estate fundamentals and concepts.
- Strong analytic skills and problem solving capabilities, be an excellent communicator, detail-oriented, and organized. Individual should have a thorough knowledge of Capital Markets and Operating Companies.
- Possess strong computer skills including Microsoft Excel Microsoft Word and PowerPoint.
- Knowledge of JPMC software applications and a broad knowledge of bank products and services.
- Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team.
- Experience working in a high production environment while meeting or exceeding agreed upon targets for volume, timing and quality.
Preferred qualifications, capabilities and skills
Completion of a major bank credit-training program
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.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.