Risk Management - Asset Wealth Management - Special Credits, Executive Director

 

Bring your expertise to JPMorgan Chase as a Special Credits Executive and play a pivotal role in Risk Management and Compliance, ensuring JPMorgan Chase remains strong and resilient.  You will help the firm grow responsibly by anticipating new and emerging risks and using your expert judgment to solve real-world challenges that impact our company, customers and communities. Our culture encourages thinking outside the box, challenging the status quo, and striving to be best-in-class.

 

Job Summary

As a Special Credits Director – Executive Director within Asset and Wealth Management Credit Risk team, you will play a significant role in managing risk and supporting the global lending practice.  As an AWM  Special Credits officer, you will manage a problem credit portfolio from various markets, including the United States, EMEA, Asia, and Latin America.  You will also advise on specific pre-workout cases with a goal to prevent  potential losses.

Job responsibilities

•  Manage a portfolio of problem credits with goal of maximizing recovery and minimizing losses.
• Advise on loans maintained in the market with a goal of implementing preemptive strategies to mitigate risk while simultaneously preserving favorable client experience.
• Assess and measure credit risk by assigning risk ratings and resolution strategies for high-risk credit exposures.
• Navigate complex problem loan restructurings, bankruptcies, and enforcement proceedings.
• Develop a thorough understanding of the firm’s risk management and control policies and guidelines to ensure compliance and support effective decision-making.
• Collaborate closely with internal and external legal counsel to maximize recovery on distressed assets and mitigate potential liability.
• Prepare and present quarterly credit surveillance reports  in a formal setting to senior credit and business leadership.
• Prepare asset-specific reserve analyses in  compliance with the Firm’s relevant accounting policies.
• Mentor junior credit officers and analysts through lessons-learned sessions.
• Oversee and facilitate ad hoc risk-related projects and workflows.
• Communicate proactively on newly identified problem credit exposures and escalate potential credit cost items to the respective markets.
   

Required qualifications, capabilities and skills

• Master’s or Bachelor’s degree required.
• 5+ years in a similar banking or credit approval role with a track record of exceeding performance expectations.
• Highly organized, motivated and hard working with exceptional communication skills, both written and verbal.
• Outstanding professional reputation and integrity.
• Strong leadership skills with experience collaborating with business, legal, accounting and other credit risk partners.
• Expertise in loan structuring, complex finance structures, negotiation, credit analysis and portfolio management, with experience synthesizing information, developing recommendations, making decisions and problem-solving.
• Deep understanding of creditor rights and enforcement strategies. 
• Considerable experience working with attorneys on enforcement and bankruptcy litigation.
• Knowledge of lien perfection and priority, including but not limited to real property, accounts, aircraft, boats, automobiles, life insurance, and cash and marketable securities.

JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

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