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SalaryBring your expertise to JPMorgan Chase. 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 Risk Management - Special Credits Executive Director within the Risk Management and Compliance team at JPMorgan Chase, you will be at the center of keeping our firm strong and resilient. You will help us grow our 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. You will be part of the Special Credits Group (SCG) focusing on risk-management and maximization of recovery on JPMorgan Chase’s credit exposure through early intervention and financial restructuring for stressed borrowers.
Job Responsibilities
- Support the Commercial Bank Special Credits Group Commercial Real Estate team in the management of problematic loans.
- Manage individual portfolio of problematic credits in the role of Special Credits Officer.
- Regularly interface with borrowers, financial advisors, and outside counsel on generating the best solution for repayment of credit exposure. Lead negotiations within a syndicate when in an Agent role.
- Advise internal constituencies including line market and risk personnel, finance and control partners, bankruptcy legal, treasury and derivative teams on problem loan matters.
- Formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity.
- Prepare valuations for reserving and charge-off analyses on individual problem loans and forecasting for non-performing loans, charge-offs and recoveries.
- Adhere to regulatory, control and governance processes for Special Credits Group, including troubled debt restructures and CECL accounting rules, debt previously contracted securities etc.
- Develop an understanding of bankruptcy rules
Required Qualifications, Capabilities and Skills
- Bachelor’s degree
- 10 years of professional experience related to Risk Management of commercial real estate loans, including exposure to managing large syndicates as Agent.
- Strong, clear and concise verbal and written communication skills.
- Strong Excel and Power Point skills
- High degree of initiative, self-direction and ability to work well under pressure in a demanding environment.
Preferred Qualifications, Capabilities and Skills
- Prior workout experience preferred, especially in commercial real estate matters.
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, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
