PMorgan Chase's (JPMC) Internal Audit Department, which is comprised of over 1,000 Auditors and Credit Reviewers globally, reports to the Audit Committee of the Board of Directors and is further accountable to the Chairman and CEO, senior management, and external regulators. Audit is an independent risk assessment function established within the organization to evaluate, test, and report on the adequacy and effectiveness of management's system of internal control.
The Commercial Credit Review team within the JPMC Internal Audit Department is responsible for reviewing the credit process in commercial lending portfolios at the firm. The team focuses on portfolios within the Commercial Banking, Wealth Management, and Consumer & Community Banking lines of business.
The Commercial Credit Review team performs independent reviews of JPMC commercial loan portfolios that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting standards and practice, and determining through ongoing monitoring the overall assessment of asset quality. Furthermore, the team assesses whether sufficient controls are in place to mitigate credit risk to the firm.
This position is responsible for planning and executing periodic credit reviews, and participating on review assignments. The Credit Review Officer will lead members of the Credit Review team in activities that evaluate commercial loan transactions and perform assessments of underwriting and portfolio management to independently opine on the adequacy of underwriting analysis, accuracy and timeliness of risk grading decisions, appropriateness of credit mitigation actions, and the effectiveness of the credit management process and key controls supporting credit quality. Between periodic reviews, the Credit Review Officer independently monitors credit risk trends within assigned commercial lending portfolios, attends relevant meetings, and develops and maintains relationships with internal stakeholders responsible for credit approval. This position will report to a Credit Review Manager and is located in Phoenix, AZ.
- As Reviewer-in-Charge, lead a team of reviewers for commercial loan portfolios. This includes chairing meetings associated with planning, project kick-off, presentation of findings, and formal closing. Duties include coordinating team assignments with the Credit Review Manager, defining project scope and sample selection, evaluating internal controls and systems that mitigate credit risk, communicating with business management, reviewing results to identify key issues and dimensioning the significance of those findings, recommending corrective action as needed, report writing, and archiving all relevant documents.
- As a team member, participate in reviews led by Credit Review team members. This includes preparing independent financial analysis and risk assessment (focusing on the accuracy of risk grades, timeliness of grade changes, and appropriateness of supporting rationale), analyzing the credit underwriting quality of individual transactions, recording results and conclusions in a work paper database, and actively participating in all review meetings.
- Perform continuous monitoring of assigned portfolios and participate in portfolio review meetings.
- Serve as an information resource on commercial credit risk and policy. Partner with Credit Risk Management stakeholders to establish strong working relationships while maintaining independence.
- Ensure consistent application of firm wide Risk Policy as well as Credit Review Policies and Procedures.
- Complete special projects and research as assigned by the Credit Review Manager.
- Experienced credit professional with minimum 10-years commercial credit experience, preferably with a background in commercial credit underwriting and credit risk management.
- Successful completion of formal credit training program preferred, but not necessary.
- Prior Excel experience.
- Previous credit review experience is preferred, but not necessary.
- Minimum Bachelor's degree in Accounting, Finance, Economics, or a related discipline.
- Demonstrated understanding of commercial credit principles and strong analytical skills.
- Excellent verbal and written communication and interpersonal skills required with ability to present complex and sensitive issues to management.
- Enthusiastic, self-motivated, effective in a dynamic fast-paced environment and willing to demonstrate personal responsibility and accountability.
- Proven ability and desire to learn quickly, be flexible, and think strategically.
- Ability to manage multiple tasks concurrently, with a high sense of urgency.
- Works well individually and in teams, shares information, supports colleagues, and encourages participation.
- Flexibility to travel as required (up to 30%).