As part of Risk
Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its
business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk
Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Leveraged Finance Credit Risk Vice President, you are a part of Risk
Management and Compliance, at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its
business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk
Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
The Corporate Client Banking & Specialized Industries group is part of Commercial Banking at JPMorgan Chase and focuses on companies typically with revenues of over $500mm which require traditional banking services in addition to investment banking products. The CCBSI Credit Risk group covers non-investment grade clients within the broader CCBSI portfolio, partnering closely with Corporate Banking and Investment Banking counterparts to determine risk appetite and ongoing portfolio
management.
The Senior Underwriter is the primary credit risk manager for a portfolio of corporate banking clients and prospects. In this capacity, the Senior Underwriter works in partnership with senior credit executives, coverage bankers and
product partners to analyze and approve credit requests, structure credit facilities, and negotiate credit agreements and other loan documentation. The Senior Underwriter is also responsible for on-going monitoring and risk
management of an assigned portfolio. To be successful, this individual needs a broad and deep understanding of the
business, financial, and industry risks faced by clients in the assigned portfolio; expertise in structuring commercial loan transactions and managing all types of corporate credit risk; and a comprehensive knowledge of corporate finance philosophies. The work environment is fast-paced, a reflection of the industry and clients the team supports and candidates must be able to manage several dynamic credit situations while providing accurate and timely results.
Domestic travel may be required from time to time.
Job responsibilities
Risk Assessment
- Identify the key risk factors associated with clients, transactions, and industry sub-sectors across an assigned portfolio
- Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, industry threats, and industry and other factors
- Lead and/or participate in client due diligence and transaction negotiations
- Attend client, bank, and other meetings to develop a thorough understanding of client companies, management teams, and industry sectors
- Use financial models to develop a forward-looking credit risk assessment based on key value drivers and sensitized assumptions
- Recommend and approve appropriate credit structures relative to risk assessment and policy considerations
Manage Credit Approval Process
- Apply corporate finance and accounting expertise to develop appropriate financing structures
- Prepare credit approval materials, ensure all credit risk policies are followed, and present and recommend credits for approval at the appropriate level
- Analyze and negotiate financing terms and conditions as part of a deal team
- Review and negotiate legal documentation and coordinate with counsel to ensure terms are appropriate and consistent with credit approval
- Work with middle office to ensure transactions are closed/booked in accordance with J.P. Morgan's wholesale banking policies
On-going Portfolio
Management
- Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis
- Ensure risk ratings are accurate and reflect a current forward-looking view of the client
- Provide early identification and proactive management of deteriorating credits and other problem situations
- Analyze, prepare, and present for approval all required waivers, amendments, and extensions
- Review, structure and book requests for ancillary primary and operating credit facilities in support of existing and new clients
- Prepare and present semi-annual portfolio review material to senior management
- Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process, and comply with regulatory and policy requirements
- Work closely with Credit Support Specialists to ensure accuracy of credit system data
Required Qualifications, Capabilities and Skills
We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
- Superior credit, corporate finance, negotiation, loan documentation, and financial modeling skills
- Strong, clear, and concise written and verbal communication skills with ability to edit and prepare executive level communications
- Effective deal team management
- Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction
- Strong Microsoft PowerPoint and Excel skills
- Completion of a major corporate or investment bank credit training program, or equivalent experience, and a thorough understanding of bank credit policies and procedures
- Minimum of 7 years of corporate or investment banking lending experience including extensive credit, structuring, and marketing.
- BA/BS degree is required, MBA and/or CFA a plus
JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.
Equal Opportunity Employer/Disability/Veterans
Base Pay/Salary
Los Angeles,CA $104,500.00 - $200,000.00 / year