Wealth Management Risk – Credit Executive for Commercial Real Estate

Job title: Wealth Management Risk – Credit Executive for Commercial Real Estate

Company: JPMorgan Chase

Job description: Job Description:

JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to wealthy individuals and families in 36 countries around the world. The Private Bank delivers highly customized and tailored solutions to help clients with the challenges of substantial wealth, utilizing the Private Bank’s discretionary investment management, brokerage, tax and estate planning, credit, capital raising and specialty wealth advisory services while leveraging the commercial and investment banking capabilities of the firm.

Position Description

• Manage the designated regional Credit Risk Portfolio within acceptable quality and loss criteria
• Approve credit risk exposure relating to the client base within authorized limits.
• Responsible for the accurate, timely and consistent assignment of Risk Ratings for all Clients and Collateral
• Ensure all credit exposure structured, documented and approved in accordance with JPMorgan Credit Policy
• Monitor all Exception Reports produced by Credit Middle Office, work with integrated team to understand issues, approve resolution plans and escalate potential problems immediately
• Identify names promptly to be added to the Watch List or Criticized and Classified loans
• Work closely with all other Control Functions and understand the potential impact on the credit portfolio of other types of risk – eg Market, Liquidity, Operating, Reputation, etc.
• Establish contacts with other LOB credit teams.
• Identify and escalate gaps or inconsistencies in policies and procedures which may impact the credit risk portfolio
• Play lead role in supervising the quality of the credit risk portfolio:
• Provide feedback on analysis, due diligence, credit heath presentation
• Approve credit transactions and risk ratings within authority
• Identify and monitor concentrations, trends and themes in the portfolio
• Direct the preparation of Portfolio Reviews
• Partner with the Business in developing products, markets, revenue by:
• Advising ITMs of credit risk appetite
• Ensuring we have appropriate tax and legal opinions, and collateral confidence, in new initiatives
• Provide support and cover for the Regional Credit Executive

Essential Skills and Qualifications:

• Strong leadership, management and business partnership skills
• Good communication skills, spoken and written
• High level of analytical skills, including financial analysis
• Attention to detail and ability to consistently follow Credit Policy
• Ability to analyze credit structures and the attendant credit risks
• Familiarity and expertise with legal documentation
• Ability to understand the business and market context
• Preferred knowledge of integrated wealth management (for example, generational planning structures and solutions, portfolio theory/asset allocation, markets)
• Formal credit training required with experience and familiarity of all risk types: market, liquidity, reputation, operations, complex derivatives, ACH, etc; some workout/problem loan experience preferred
• Ability to interact well with clients, senior colleagues and juniors
• Ability and willingness to coach and train junior Lending Advisors and risk colleagues
• Degree in finance or related field; MBA preferred

Experience

• Minimum 10 years in Banking and 5 years in credit risk, with experience in overseeing a credit portfolio and structuring complex credit transactions, or other related experience.
• Minimum 3 years Commercial Real Estate lending experience.

About Us: JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

About the Team:

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions with client assets of $4.1 trillion. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.

Expected salary:

Location: Dallas, TX

Job date: Sat, 16 Jul 2022 07:49:44 GMT

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