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Form of workAs 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.
Job summary
We are seeking a Specialty Finance Credit Officer to join our JPMorgan Credit Risk team for the Corporate & Investment Bank Wholesale Credit Risk organization supporting the Specialty Finance and ABF Principal Finance businesses. You will work in a deal team format with CIB Coverage, Corporate Banking, Securitized Products Bankers, Debt Capital Markets, Treasury Services and other Risk Officers to analyze, structure, internally grade, negotiate transaction documents and approve credit exposures held on J.P. Morgan's balance sheet related to clients in the residential mortgage, auto finance and consumer finance industries.
You will be responsible for a portfolio of clients which includes exposures in the form of residential mortgage whole loan repo facilities, unsecured corporate credit facilities, trading exposures and private securitizations financings (non-recourse to the asset originator) where the repayment of the loan is based on cash flows provided by various asset classes (e.g. servicer advance, single family rental, iBuyer, etc).
Job responsibilities
- Responsible for the ongoing Risk Management of their portfolio which includes maintaining a broad and deep understanding of your clients' businesses, as well as a current and forward-looking view of the portfolio
- Develop a keen understanding of the residential mortgage finance and other specialty finance markets including key risk and structures and work collaboratively with junior resources and product bankers to develop solutions to the benefit the client and J.P. Morgan
- Lead due diligence meetings, which may be virtual or at the client's office
- Financial analysis to assess the strength of the corporate counterparty and identification of key risks.
- Continuously monitor the portfolio to ensure internal risk grades remain accurate and appropriate action is taken to mitigate risk for deteriorating clients
- Partner with coverage bankers and product partners to develop structures appropriate for the risk profile of the client and/or assets to be financed.
- Work with business partners to assess stress or downside credit scenarios including validating cash flow models (typically Excel-based)
- Review and assist in the negotiation of transaction and trading legal documentation
- Oversee written credit analysis and present recommendations to senior credit officers for approval
- Mentor/ guide junior resources and manage workloads, delegate with appropriate guidance and ensure deadlines are understood and met, and where needed, confidently escalate to senior managers
- Lead other ad-hoc projects, as needed
Required qualifications, capabilities, and skills
- Bachelor's degree
- 4+ years of Commercial / Corporate Lending, Asset Based Lending (ABL) or Structured Finance experience
- Strong interpersonal skills and an ability to work well in a team environment
- Strong verbal and written communication skills
Preferred qualifications, capabilities, and skills
- Knowledge of residential mortgage, specialty finance and/ or securitization industries
- Accounting and corporate finance coursework or experience preferred
