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Wealth Management Risk-Lead Credit Officer-Venture Capital Firms/Hedge Fund Principals-Vice President

JPMorgan Chase
Los Angeles, CA, United States
Full-time

Posting Description As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient.

You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.

Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

Wealth Management Risk - Lead Credit Officer (US Financial Sponsors-Venture Capital Firms / Hedge Fund Principals, Financial Institutions) Vice President 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.

This position will be a Lead Credit Officer role managing client credit in the US Private bank portfolio focusing on the Financial Institutions specialty portfolio, including venture capital, private equity and hedge fund clients.

Job Responsibilities Risk & Control : Responsibility for credit risk management on the US Credit portfolio focused on US Financial Sponsors-Venture Capital Firms / Hedge Fund Principals, Financial Institutions, with primary ownership of managing portfolio risks within acceptable quality and loss tolerances.

Approve credit risk exposure relating to the client base within authorized limits. Assignment of risk ratings, LGDs, and other risk metrics across the portfolio.

Understand GWM Credit Risk appetite on wholesale loans, mortgages, OTC products and others. Identify and monitor concentrations, trends and themes in the portfolio, and direct the preparation of Portfolio Reviews.

Ensure that Risk exceptions in the portfolio are appropriately managed and escalated as required. Engage with Credit Middle Office as needed.

Partner with the Business to build a culture of Risk discipline across the organization. Work closely with the Underwriter team and build an integrated approach to making credit decisions that incorporates underwriter input.

Maintain satisfactory Audits across the credit portfolio. Engage with Wholesale Credit as appropriate. Business Partnership : Ongoing approval of new transactions / portfolio reviews / risk discussions.

Work with / provide credible challenge to Lending Solutions & Mortgage Advisory on new products, new initiatives. Work with the Credit Middle Office to continuously upgrade and improve Risk Reporting MIS for portfolio management.

Innovation : Challenge the status quo. Continuously strive to find better, more efficient ways to manage credit risk and business flow, including underwriting.

Use technology to strengthen Risk Management practices and products. Find gaps in Risk Policies / Underwriting guidelines and work with Risk Policy team.

Required, Qualifications, Skills and Capabilities Advanced knowledge in Venture Capital lending, portfolio analysis and loan documentation Bachelor's degree 5+ years of professional experience related to financial services, risk management, compliance or legal Strong Microsoft PowerPoint and Excel skills Strong, clear, and concise written and verbal communication with ability to edit and prepare executive level communications.

Excellent organizational and project management skills; able to manage competing priorities under tight deadlines Proven ability to collaborate and build strong partnerships.

Intellectual curiosity with a proven ability to learn quickly High degree of initiative, self-direction, and ability to work well under pressure people who make us successful.

We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.

25 days ago
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