JP Morgan Chase & Co.

U.S. Private Bank – Lending Specialist - Associate

JP Morgan Chase & Co.$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree; MBA is a plus
  • Series 7 & 66 licenses required (unlicensed candidates must obtain within 90 days)
  • 5+ years of credit risk experience in financial services
  • Deep understanding of bank loans, deposits, mortgages, and credit products
  • Familiarity with credit capabilities and risk management principles
  • Knowledge of wealth management aspects such as investing and financial planning
  • Experience with specific lending practices including secured lending and commercial real estate loans

Responsibilities

  • Participate in pitches to current and potential clients
  • Analyze client portfolios to spot new opportunities
  • Maintain ongoing communication with borrowing clients
  • Advise and negotiate loan structures as needed
  • Develop financing solutions that align with risk policies
  • Maintain quality credit book and follow up on client issues
  • Collaborate with Credit Risk to optimize loan underwriting outcomes

Benefits

  • Opportunities for professional development
  • Collaborative work environment
  • Exposure to a diverse range of financial products
  • Networking opportunities with high-net-worth clients
  • Support for obtaining necessary financial licenses
Full Job Description
JOB DESCRIPTION

As a Lending Specialist in the Private Bank, you will work with our team to advise clients on their capital structure and provide credit solutions tailored to clients’ needs and circumstances.  

Job Responsibilities

  • Participate in pitches to existing and prospective clients
  • Analyze the book of existing clients to identify new potential opportunities
  • Maintain an ongoing dialogue with existing borrowing clients
  • Advise, negotiate and execute loan structures
  • Structure solutions to client financing needs within acceptable risk parameters and in accordance with policies and regulations
  • Maintain a quality credit book with active client dialogue and escalation of candidates promptly. Follow up on all client-related credit issues (e.g., missed margin calls, legal documentation, etc.).
  • Using your thorough knowledge of the JP Morgan Credit Risk Underwriting Policy & Guidelines, liaise closely with Credit Risk to ensure the best outcome for the client in terms of the underwriting of the client. 

 

Required Qualifications, Capabilities, Skills

  • Bachelor degree; MBA will be considered an asset 
  • Series 7 & 66 licenses required for position; unlicensed candidates considered, but required to obtain licenses within 90 days of start date 
  • Five plus years of credit risk experience, ideally in the financial services industry 
  • In-depth knowledge of bank loan, deposit, mortgage and credit products 
  • Ability to understand the overall credit capabilities and risk management philosophy of the firm 
  • Ability to understand wealth management including, but not limited to: investing, trust and financial planning 

  • Experience and proven success with banking concepts including, but not limited to: marketable secured lending, investment real estate loans, concentrated collateral loans, aircraft lending, owner-occupied commercial real estate and bridge loans 


Preferred Qualifications, Capabilities, Skills

  • Knowledge of capital markets and the macro interest rate environment 

  • Knowledge of account maintenance procedures, loan closing procedures, credit administration and compliance procedures 

  • Expertise in credit and derivatives transactions

  • Sales experience including: profiling, overcoming objections, negotiation, team selling approach, closing the sale and asking for referrals 

 

 

 

 

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
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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