JP Morgan Chase & Co.

Risk Management-Petroleum Engineer- Vice President

JP Morgan Chase & Co.$150K — $200K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Engineering or a related field
  • Minimum 3 years of experience with E&P operating companies
  • Experience estimating oil and gas reserves and assessing economics
  • Understanding of PRMS reserve classifications
  • Proficiency in oil and gas economic software (Aries, PHDWin)
  • Advanced spreadsheet modeling skills
  • Strong technical writing capabilities

Responsibilities

  • Conduct independent, comprehensive reserve and economic evaluations for loan requests and borrowing base reviews
  • Collaborate with teams to forge business relationships around reserves as collateral
  • Document evaluation results, summarizing recommended loan values and key risks
  • Apply established reserves evaluation policies and seek guidance from senior professionals
  • Classify reserves using PRMS deterministic categories
  • Utilize economic software for analysis
  • Develop and maintain Excel models to support evaluations

Benefits

  • Opportunities for professional development and training
  • Collaborative team environment with cross-functional opportunities
  • Engagement in meaningful and impactful projects
  • Exposure to high-level decision-making processes in lending and risk management
  • Potential for career advancement within the organization
Full Job Description
JOB DESCRIPTION

As a Petroleum Engineer in the Reserves Evaluation team, you will independently conduct comprehensive oil and gas reserve and economic evaluations for customer loan requests and borrowing base reviews. You will collaborate with Engineering Technicians, Risk teams, and bankers to develop business relationships and ensure that evaluation results are clearly documented and communicated. Your work will help us make informed lending decisions and manage risk effectively.

 

Job Responsibilities

  • Perform independent, comprehensive oil and gas reserve and economic evaluations for prospective and existing customer loan requests and borrowing base reviews
  • Collaborate with Engineering Technicians, Risk teams, and bankers to develop business relationships focused on reserves evaluation as collateral
  • Document evaluation results in memorandums that summarize recommended loan value, estimated economics, key assumptions, downside risks, and asset quality
  • Apply established policies, practices, and procedures in reserves evaluation, seeking guidance from Senior Petroleum Engineers on complex issues
  • Classify oil and gas reserves according to PRMS deterministic reserve categories
  • Utilize standard economic software such as Aries and PHDWin for reserve and economic analysis
  • Develop and maintain Excel models to support reserve and economic evaluations
  • Communicate technical findings and recommendations through clear, concise technical writing

Required qualifications, capabilities, and skills

  • Bachelor’s degree in Engineering or a related field
  • Minimum 3 years of experience with an E&P operating company, including exposure to reservoir engineering, operations, geology, major capital projects, and business development
  • Experience estimating oil and gas reserves and running economics
  • Understanding of PRMS reserve designations and deterministic reserve classification
  • Proficiency in standard oil and gas economic software (Aries, PHDWin)
  • Advanced Excel modeling skills
  • Strong technical writing skills

Preferred qualifications, capabilities, and skills

  • MS Degree or MBA highly preferred

  • Experience with additional software such as ComboCurve or Spotfire
  • Demonstrated ability to work independently and collaborate across teams
  • Experience preparing memorandums for lending or risk management purposes
  • Exposure to business development in the oil and gas sector
  • Strong analytical and problem-solving skills

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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