JP Morgan Chase & Co.

Credit Officer, Vice President - Asset Based Lending

JP Morgan Chase & Co. • $130K — $180K *
New York, NY 10172In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in commercial banking, credit risk, and underwriting
  • Knowledge of Asset Based Lending financing
  • Strong understanding of capital markets and financing structures
  • Excellent communication skills, both written and verbal
  • Ability to multitask in a fast-paced environment
  • Strong interpersonal relationship development skills
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)

Responsibilities

  • Manage a portfolio of ABL clients and monitor financial performance
  • Perform due diligence for loans and related financial assessments
  • Assign internal ratings and recommend account management strategies
  • Interpret collateral appraisals and monitor liquidity trends
  • Lead credit structuring and negotiate legal documents
  • Challenge Banking Teams and collaborate with various departments
  • Communicate effectively with Senior Management and regulatory bodies
  • Train and mentor junior team members

Benefits

  • Opportunities for professional development and mentorship
  • Engagement in a collaborative team environment
  • Involvement in high-stakes financial negotiations
  • Exposure to a diverse range of financial instruments
  • Access to internal and external training programs
Full Job Description
JOB DESCRIPTION

As a Lead Credit Officer in Asset Based Lending Credit Risk, you will be part of the firm’s risk governance framework and a critical member of the risk management team.  The Asset Based Lending team primarily provides working capital revolving lines of credit and fixed asset loans to corporate clients.  Credit Officers on the Investment Bank Asset Based Lending team manage a portfolio of accounts and underwrite new business transactions.

Job Responsibilities

This role will support the ABL Credit Team

  • Manage portfolio of ABL clients, monitor financial performance trends, borrowing base trends, and covenant compliance and lead credit relationship with client and internal stakeholders

  • Perform due diligence for loans, derivatives, leases, and cash management including: financial due diligence, financial modeling, field exam, appraisal, and legal diligence

  • Assign and assess internal ratings, risk assessment and risk mitigation.  Recommend changes in structure or account management strategy to address negative trends. 

  • Interpret collateral appraisals and field exams. Ongoing monitoring of collateral trends and liquidity, establishing reserves and recommending appropriate course of action to address issues

  • Lead ABL credit structuring and legal document negotiations, as well as point person on amendments and waivers

  • Effectively challenge Banking Teams, partner with ABL Originations and Syndications, Debt Capital Markets, Treasury Services, Equipment Finance, 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

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

Preferred qualifications, capabilities, and skills

The following additional items will be considered but are not required for this role

  • Formal credit training program a plus
  • Bachelor's degree in Accounting or Finance preferred

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
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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