JP Morgan Chase & Co.

Risk Management - Wholesale Credit Analyst - Senior Associate

JP Morgan Chase & Co. • $95K — $115K *
Plano, TX 75025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Accounting, or related field.
  • 3+ years of experience in credit risk analysis, commercial lending, or portfolio management.
  • Strong financial analysis skills with ability to write concise credit memos.
  • Ability to manage multiple priorities in a high-volume, collaborative environment.
  • Excellent verbal and written communication and problem-solving skills.
  • Proficiency in Microsoft Office Suite; quick adaptability to proprietary systems.
  • Sound judgment in balancing risk with commercial objectives.

Responsibilities

  • Evaluate and approve existing merchant relationships through comprehensive financial analysis.
  • Identify and escalate problem credits, negotiating effectively to protect the bank's interests.
  • Demonstrate proficiency in financial analysis, defending credit ratings with robust support.
  • Engage stakeholders effectively to deliver well-supported credit decisions.
  • Manage timelines and proactively follow up to complete credit reviews and requests.
  • Build and maintain strong relationships with internal stakeholders, enhancing collaboration.
  • Monitor industry trends and credit risk management practices for informed decision-making.

Benefits

  • High-quality assessments and mentorship within a collaborative team.
  • Opportunities for professional development and learning.
  • Inclusive work environment prioritizing teamwork and support.
  • Engagement in ongoing projects and process improvement initiatives.
Full Job Description
Job Description

As a Senior Associate Credit Analyst in Wholesale Credit Risk, you will manage credit risk for the Merchant Services Wholesale Credit portfolio through ongoing credit monitoring, analyzing financial statements, determining appropriate risk ratings, and exerting credit approval authority, as applicable for the role. Recognize possible risks a client's business may pose to the firm while providing recommendations to mitigate such risks. Maintain consistency and quality of credit reviews through high quality assessments and escalate any identified risks and trends. Complete all assigned credit reviews and ad-hoc reviews / tasks within timelines. Participate in ongoing projects / process improvement efforts as appropriate. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship.

Job Responsibilities:
  • Evaluate and approve existing merchant relationships including: financial statement review, cash-flow analysis, transaction trend analysis, assessment of the business model, product/service risk evaluation, customer concentration assessment, and review of refund and chargeback exposure.
  • Identify and escalate problem credits promptly, and negotiate effectively to protect the bank's interests.
  • Demonstrate strong proficiency in financial analysis, products, and key risk factors; defend credit ratings confidently.
  • Apply strong financial analysis and product knowledge, incorporating relevant macro- and microeconomic factors and risks.
  • Deliver well-supported credit decisions through effective stakeholder engagement.
  • Meet monthly timelines and take ownership of deliverables by proactively following up with stakeholders to complete reviews and requests.
  • Build and maintain strong relationships with internal stakeholders, including Relationship Managers and Legal.
  • Monitor industry trends and credit risk management best practices to strengthen decision-making and maintain a competitive edge.

Required qualifications, capabilities, and skills:
  • Bachelor's degree in Finance, Economics, Accounting, or a related discipline.
  • 3+ years of experience in credit risk analysis, commercial lending, payments risk or portfolio management.
  • Strong financial analysis skills and the ability to write clear, well-structured credit memos.
  • Ability to manage competing priorities effectively in a collaborative, high-volume environment while maintaining strong attention to detail.
  • Ability to explain decisions using data and sound rationale, and to escalate appropriately when needed.
  • Excellent verbal and written communication and problem-solving skills.
  • Proven ability to prioritize, plan, and manage processes to complete credit analysis and related assignments.
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems.
  • Sound judgment under time pressure; ability to balance risk vs. commercial objectives
  • Stakeholder management (Risk, Sales, Operations, Legal/Compliance as applicable)
  • Ability to explain decisions with data + rationale, and escalate appropriately


About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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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