Credit Risk Support Letter of Credit Team Lead, J.P. Morgan Asset and Wealth Management Operations at JPMorgan Chase Bank, N.A. in Westerville, Ohio

Job Description:

Your primary responsibilities and functions are as follows:

Facility / Transaction Processing

• Primary resource for letter of credit issuance processes and ongoing maintenance for Custom Credit offerings.
• Participate in client meetings to discuss letter of credit text as needed.
• Provide oversight to a team of 4 analysts supporting custom letters of credit.
• Develop workflow, pipeline and priority management for the Letter of credit processes with Global Trade services, Securities Based Lending and Lending Advisory. Provide ongoing reporting for stakeholders.
• Partner with Lending Solutions and Analysts to capture terms and conditions stipulated in the credit approval and legal documentation into the corporate credit platform.
• Review client request and assist with structuring letter of credit and provide language compliant with regulatory requirements
• Establish and monitor proper linkages between the Corporate Credit Systems, Party Central, TPS, and Customer Assist.
• Coordinate with internal staff (Lending Solutions, Wholesale Lending Services, and Global Trade Services) and external constituencies (customer, legal counsel) to ensure approved facilities are correctly booked for loan closings and Letter of credit issuances.
• Coordinate the global approval for cross LOB requests to include exposure to customers that are managed by units outside of the family responsibility area
• Ensure Country of Risk allocations are accurate and/or that Senior Country Officer concurrence is obtained, if required.
• Coordinate collateral review/input in GCM with PB Credit Risk Management for every approved secured facility

Portfolio Management

• Partner with Lending Solutions and Analysts to capture terms and conditions stipulated in the credit approval and legal documentation into the corporate credit platform
• Manage and monitor credit exposure information on the corporate credit platforms - FDR/EN, Party Central, SELM (fx/derivatives)
• Coordinate all administrative aspects of portfolio management on a day to day basis including, but not limited to, identifying unlinked outstandings, overlimits, temporary facility extension or increases, and new facility approvals.
• Track customers due for annual review, expiring facilities and coordinate preparation with analyst/lender of other reports as outlined in the "Due Diligence for Credit Administrators" guidelines
• Manage credit exceptions related to client and transaction data - including overlimits, unlinked outstandings, past due annual reviews, past due facility maturities, ungraded obligors, country of asset exceptions
• Support the information needs of the Lender during internal and external examinations, portfolio reviews and credit audits.
• Manage market and LOB transfers as clients and facilities are moved to new markets or to other LOBs outside of PB

Electronic Credit Documentation / File Maintenance

Credit Risk Support Associate will create Legal Deal Folder for all facilities within Dealworks and are responsible to file ARC proposals that they complete. Wholesale Lending Services will be responsible for filing those proposals that their team completes in the appropriate Legal Deal Folders.

Portfolio Reporting / MIS

• Master CRRT and CWS reporting to support data and analytical needs of the Capital Advisory team
• Liaise with Finance to help investigate and resolve revenue data issues - in context of scorecard and monthly reporting
• Support Credit and Lending Advisory requests for targeted data summaries and portfolio risk analysis

Partnership Teams

• Participate on special initiatives in response to emerging credit, market and technology events
• Develop and enhance partnership relationships and to achieve process improvements (a) between the Lending Advisors, Analyst, CSG and Collateral functions and (b) between Wholesale Lending Services, Global Trade Services and other JPMC product and service groups who support Global Private Bank clients

Qualifications

• Excellent communications skills, both written and verbal
• Ability to multi-task and reprioritize work and demands throughout the day
• Excellent relationship building skills
• Ability to interact with varying levels throughout the organization
• Self-starter with the ability to not only recognize tasks to complete but also how best to effectively and efficiently complete them
• The ability to recognize work in the pipeline and willing to work to completion
• B.A., B.S., in relevant field
• Excellent MS Office, MS excel skills
• Spanish speaking skills a plus

It's preferred Candidates have the following experience:

• General understanding of credit concepts
• General understanding of FX and participations/syndications
• Experience using the Credit Risk Infrastructure tools and applications (ICRD, EN, SRGT, CRRT, OWL, SELM, etc)
• Data mining
• Letter of Credit product knowledge

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.

Equal Opportunity Employer/Disability/Veterans

Apply Now