JP Morgan Chase & Co.

Quality Control Manager ABL Collateral

JP Morgan Chase & Co. • $90K — $110K *
Chicago, IL 60603In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in credit review or quality control within wholesale lending operations
  • Proficient in interpreting loan documentation and borrowing base certificates
  • Familiarity with general ledgers and accounts receivable/payable
  • In-depth knowledge of Asset Based Lending products
  • Proven decision-making capabilities
  • Excellent oral and written communication skills
  • Strong analytical skills with an emphasis on integrity and objectivity
  • Ability to manage multiple priorities in a dynamic environment

Responsibilities

  • Evaluate and report inconsistencies in supporting documentation related to borrowing bases
  • Review and action exception reports promptly
  • Review and action control reports in a timely manner
  • Adhere to company policies, procedures, and KPIs
  • Collaborate with Operations, Credit, and Controls to resolve discrepancies and prepare reports

Benefits

  • Opportunities for professional growth as the business evolves
  • Visibility through exception and control reporting
  • Collaborative work environment with cross-functional teams
Full Job Description
JOB DESCRIPTION

Help protect the quality and integrity of our wholesale lending operations by strengthening controls that support evolving products and processes. You’ll build deep expertise in reviewing complex credit facilities and the supporting documentation that underpins them. You’ll partner closely with operations, credit, and control partners while developing a strong reputation for sound judgment and objective decision-making. This role offers meaningful visibility through exception and control reporting and opportunities to expand your scope as the business evolves.

As a Quality Control Manager in ABL Collateral, you will be part of a team responsible for supporting an evolving landscape of new operational controls and product complexities. Wholesale Lending Services’ goal is to provide best in class products and services to our clients that are of the highest level of quality.  To meet these standards, as the QC Manager you will be responsible for the delivery of quality reviews on the system of record for new or existing credit facilities.  

 

Job Responsibilities:

  • Evaluate, identify, and report any inconsistences between the supporting documentation relative to the borrowing base certificate entered in accordance with internal process and procedures.

  • Ensure exception reporting is reviewed and actioned timely 

  • Ensure control reporting is reviewed and actioned timely 

  • Adhere to policies, procedures, processes, and Key Performance Indicators
  • Collaborate with Operations, Credit, and Controls in resolving items and preparing weekly ad hoc reports when requested

Required Qualifications, Capabilities, and Skills:

  • Experience reading and interpreting loan documentation, client financial documentation, and borrowing base certificates.

  • Experience in reading general ledgers, accounts receivable/payable and inventory 

  • Understanding of the Asset Based Lending product 

  • Ability to identify client ineligibles and calculate ineligibles based on rules outlined in the credit agreement. 

  • Demonstrate decision-making skills
  • Strong oral and written communication skills
  • Analytical mindset with the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity

  • Ability to prioritize tasks and pivot in response to new developments

 

Preferred Qualifications, Capabilities, and Skills:

  • Bachelor’s Degree 

  • Intermediate use of Microsoft Word, Excel, Access

  • Experience with loan accounting systems, such as LoanIQ, Dealworks, Aurora, ACE/collateral systems

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.

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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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