Risk Management - Special Credits Executive Director

Job Description

Bring your expertise to JPMorgan Chase. 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.

As a Risk Management - Special Credits Executive Director within the Risk Management and Compliance team at JPMorgan Chase, you will be at the center of keeping our firm strong and resilient. You will help us grow our 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. You will be part of the Special Credits Group (SCG) focusing on risk-management and maximization of recovery on JPMorgan Chase’s credit exposure through early intervention and financial restructuring for stressed borrowers.

Job Responsibilities

Support the Commercial Bank Special Credits Group Commercial Real Estate team in the management of problematic loans.Manage individual portfolio of problematic credits in the role of Special Credits Officer.Regularly interface with borrowers, financial advisors, and outside counsel on generating the best solution for repayment of credit exposure. Lead negotiations within a syndicate when in an Agent role.Advise internal constituencies including line market and risk personnel, finance and control partners, bankruptcy legal, treasury and derivative teams on problem loan matters.Formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity.Prepare valuations for reserving and charge-off analyses on individual problem loans and forecasting for non-performing loans, charge-offs and recoveries.Adhere to regulatory, control and governance processes for Special Credits Group, including troubled debt restructures and CECL accounting rules, debt previously contracted securities etc.Develop an understanding of bankruptcy rules

Required Qualifications, Capabilities And Skills

Bachelor’s degree10 years of professional experience related to risk management of commercial real estate loans, including exposure to managing large syndicates as Agent.Strong, clear and concise verbal and written communication skills.Strong Excel and Power Point skillsHigh degree of initiative, self-direction and ability to work well under pressure in a demanding environment.

Preferred Qualifications, Capabilities And Skills

Prior workout experience preferred, especially in commercial real estate matters.

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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans

About The Team

Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.

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.