JP Morgan Chase & Co.

Credit Firm Specialist, Vice President

JP Morgan Chase & Co.$160K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years in Wealth Management or Banking preferred
  • Bachelor's Degree required
  • Proven sales and client relationship management skills
  • Strong communication, decision-making, and interpersonal abilities
  • Excellent organizational and time-management skills
  • Proactive with a strong initiative for project execution
  • Proficient in Microsoft Office Suite (Excel, PowerPoint, Adobe PDF)

Responsibilities

  • Support Lender in new Institutional Product Suite origination
  • Issue and maintain standby letters of credit
  • Structure and implement customized loan programs for clients
  • Communicate with stakeholders including clients and legal counsel
  • Prepare term sheets and due diligence needs lists
  • Assist underwriters in obtaining necessary client documentation
  • Conduct annual program reviews and suggest enhancements

Benefits

  • Exceptional benefits program
  • Highly competitive compensation package
Full Job Description
JOB DESCRIPTION

Wealth Management - Private Bank – Letters of Credit, Firm Specialist, VP

As apart of the Firm Management (FM) team, we offer tailored liquidity solutions on behalf of asset managers, including Professional Loan Programs, Subscription Facilities, Management Company Solutions, and standby letters of credit services, collectively “Institutional Product Suite”. This role will work closely with key stakeholders across the Firm — such as Private Bankers, Lending Specialists, Credit Risk, Underwriters, Loan Servicing, Legal and department managers — as part of a highly collaborative team.

 

Primary Function:

  • Support the Lender with new Institutional Product Suite origination
    • This role will focus primarily on the issuance and maintenance of standby letters of credit
    • Structure and implement customized loan programs for asset managers. 
    • Communicate directly with clients, private bankers and lenders, underwriters, legal counsel, credit risk and loan closing teams throughout the program development process.
    • Develop and prepare program term sheets and due diligence needs lists, as well as review and understand entity documentation, loan documents, financial statements and credit approval memos. 
    • Assist the underwriters by obtaining all necessary documentation from the client, and help respond to any underwriting or credit risk questions.
    • Partner with lender and legal counsel on document negotiations and oversee the approval and rollout of new programs.

 

  • Portfolio Management
    • Effectively oversee and support the management of a portfolio of existing Institutional Product Suite. 
    • Communicate directly with clients and serve as primary point of contact for standby letters of credit.
    • Manage existing relationships, including program modifications and credit reviews, 
    • On an annual basis, conduct a program review for each firm and suggest enhancements to improve efficiencies. 
    • Liaise with the Lender and assist with transactional questions and/or process improvements. 

 

  • General 
    • Analyze and report common client requests and regularly update senior management. 
    • Suggest enhancements to processes and procedures in order to improve efficiency.

 

 

Qualifications:

  • 7+ years of experience in Wealth Management or Banking preferred

  • A Bachelor’s Degree

  • Demonstrated ability for sales and client relationship management
  • Strong communication, decision-making and interpersonal skills

  • Excellent organizational and time-management skills and attention to detail

  • Aptitude to take initiative and be proactive to help provide leverage for the team; confidence executing projects with limited supervision

  • Experience using Microsoft Office programs including Excel, PowerPoint and Adobe PDF

 

J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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