Wholesale Credit Monitoring Manager

JPMorgan Chase

Full-time

Credit Intermediation and Related Activities

About the position

Wholesale Lending Services (WLS) supports several lines of businesses that include Business Banking, Commercial Bank, Asset Wealth Management, and Investment Bank. The Credit Monitoring Center of Excellence sits within WLS and provides Credit Compliance Monitoring for wholesale loan portfolios across the firm. As a Credit Support Manager within the Credit Monitoring CoE, you will oversee a team of Credit Support Specialists tasked with evaluating compliance with credit agreement terms for a designated portfolio of borrowers. Your role will involve frequent interactions with various stakeholders to ensure adherence to credit agreements and compliance standards. In this position, you will determine whether corporate borrowers have breached covenants, and as a result, have defaulted on the terms of their credit agreements. You will interpret credit agreements and other legal documents to ascertain which co-borrowers, guarantors, and other parties to the agreements require setup in the bank's system of record for future covenant compliance evaluation. Additionally, you will perform credit analysis, review documentation, and monitor ongoing compliance with financial covenants within an assigned portfolio of borrowers. You will independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements and develop a strong knowledge of secured lending products, including borrowing base credit facilities. It will be your responsibility to determine the grid-based performance pricing that applies to borrowers so the bank gets adequately compensated for credit risk. Adhering to the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners will also be a key part of your role.

Responsibilities

• Oversee a team of Credit Support Specialists evaluating compliance with credit agreement terms.
• Determine whether corporate borrowers have breached covenants and defaulted on credit agreements.
• Interpret credit agreements and legal documents for compliance evaluation.
• Perform credit analysis and monitor ongoing compliance with financial covenants.
• Independently calculate cash flow and leverage ratios as per credit agreements.
• Develop knowledge of secured lending products, including borrowing base credit facilities.
• Determine grid-based performance pricing for borrowers to ensure adequate compensation for credit risk.
• Adhere to quality control standards and service level agreements with internal business partners.

Requirements

• Ability to identify and summarize key points in written reviews of credit-related transactions.
• Understanding of loan products, including documentation for revolving lines of credit, term loans, and borrowing bases.
• Strong verbal and written communication skills to effectively communicate with various stakeholders.
• Ability to work independently with minimum supervision and demonstrate good time management.
• High proficiency in using MS Office tools, especially MS Excel.
• Experience managing a team.

Nice-to-haves

• Bachelor's degree in Business/Accounting preferred.