Risk Management - Asset Wealth - Credit Risk, Senior Associate

About the position

Wealth Management Risk – Credit Risk Associate (Hedge Funds & Individuals, FIG, Management Companies, Venture Capital) at JPMorgan Private Bank is a role focused on managing client credit in the Private Bank portfolio, particularly within the Financial Institutions specialty portfolio, which includes hedge funds, venture capital, and private equity clients. The Private Bank is a global leader in wealth management, providing tailored solutions to wealthy individuals and families across 36 countries. As a Credit Risk Associate, you will play a crucial role in maintaining the strength and resilience of JPMorgan Chase by anticipating risks and using expert judgment to address challenges that affect the firm, its customers, and communities. The culture in Risk Management and Compliance emphasizes innovative thinking, challenging the status quo, and striving for excellence.

Responsibilities

• Manage credit risk management on the Credit Risk portfolio focused on Hedge Funds and Individuals, FIG, Management Companies and Financial Sponsors related to Venture Capital and Private Equity Sponsors.
• Manage Structured Custom Credit facilities including Fund Finance, Private Equity Co-Invest, Management Companies, Hedge Fund Collateral, Unsecured, and Artwork.
• Approve credit risk exposure relating to the client base within authorized limits.
• Maintain project management which includes collaborating with team members across Lines of Business (LOBs) and businesses.
• Provide assignment of risk ratings, Loss Given Default (LGDs), and other risk metrics across the portfolio.
• Understand Global Wealth Management 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 to integrate credit decision-making processes.
• Provide credible challenge to Lending Solutions on new products and initiatives.
• Work with the Credit Middle Office to improve Risk Reporting Management Information System (MIS) for portfolio management.
• Maintain satisfactory Audits across the credit portfolio.
• Ongoing approval of new transactions, portfolio reviews, and risk discussions.
• Continuously strive to find better, more efficient ways to manage credit risk and business flow, including underwriting.
• Provide technology to strengthen Risk Management practices and products.
• Identify gaps in Risk Policies and Underwriting guidelines and collaborate with the Risk Policy team.

Requirements

• Bachelor’s degree
• 3+ 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 skills
• Excellent organizational and project management skills
• Proven ability to collaborate and build strong partnerships
• Intellectual curiosity with a proven ability to learn quickly