JP Morgan Chase & Co.

Credit Officer, Vice Present - Asset Based Lending

JP Morgan Chase & Co.$120K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; Accounting or Finance preferred
  • 5+ years of experience in commercial banking, credit risk, and portfolio management
  • Strong understanding of capital markets, financing structures, and derivatives
  • Excellent written and verbal communication skills
  • Ability to multitask in a fast-paced environment
  • Strong interpersonal and relationship development skills
  • Proficient in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)

Responsibilities

  • Lead credit relationships through analysis and financial modeling
  • Enhance and support client relationships proactively
  • Assess and assign internal risk ratings and recommend account management strategies
  • Structure and negotiate Credit Agreements and manage compliance
  • Monitor collateral trends and recommend actions based on evaluations
  • Collaborate with Banking Teams and communicate effectively with senior management
  • Train and mentor junior team members

Benefits

  • Comprehensive health benefits
  • Retirement savings plan
  • Professional development opportunities
  • Flexible work schedule
  • Mental health support programs
Full Job Description
JOB DESCRIPTION

As a Lead Credit Risk Manager -Vice President on the Asset Based Lending team, you areresponsible for managing an assigned portfolio of Commercial and Specialized Industries clients who have Asset Based loans and all other related exposure.Credit Risk Managers lead the client credit relationship with C&SI bankers who manage the overall relationship along with ABL Originators. In this role you will have extensive interaction with clients, other product partners, internal and external legal counsel, lenders, consultants and investors.

Job Responsibilities

  • Lead all aspects of the credit relationship, including credit analysis, financial modeling and coordinating credit approval for all products including loans, derivatives, leases and cash management
  • Proactively support and enhance client relationships
  • Assign and assess internal ratings, risk assessment and risk mitigation.Recommend changes in structure or account management strategy to address negative trends. Assess monthly, quarterly and annual financial statements and borrowing base reporting
  • Provide leadership in structuring and negotiating Credit Agreements, amendments and waivers.Manage and monitor loan products including affirmative, negative and financial covenant compliance.Manage ongoing communication with bank group membersas well as with other team members.
  • Interpret collateral appraisals and field exams. Ongoing monitoring of collateral trends and liquidity, establishing reserves and recommending appropriate course of action to address issues
  • Effectively challenge Banking Teams, partner with Debt Capital Markets, Treasury Services, Leasing, Derivatives and Loan Operations
  • Communicate with Senior Management, respond to regulatory requests and maintain internal credit files
  • Train and mentor junior team members

Required Qualifications, Capabilities and Skills

  • Bachelor's degree, required
  • 5+years of experience in commercial banking, credit risk, portfolio management and underwriting
  • Strong understanding of capital markets, financing structures, derivatives and cash management products as well as related documentation
  • Excellent communication skills - both written and verbal
  • Ability to multitask in a fast paced environment
  • Strong interpersonal and relationship development skills
  • Proficiency in Microsoft Excel, Word, PowerPoint and Outlook

Preferred Qualifications, Capabilities and Skills

  • Bachelor's degree in Accounting or Finance, preferred
  • Asset Based financing knowledge strongly preferred
  • Formal credit training

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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