Organization Description
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world™s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Employer Description
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 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. In accordance with applicable law, we make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
Job Description
Credit Risk is responsible for managing credit exposure generated by lending, trading, cash management and other activities. CIB Credit Risk leads the client credit relationship in partnership with CIB sales teams from IB Coverage, Corporate Banking, Investment Grade & Leveraged Finance, Securitized Products, Sales & Trading, Treasury & Security Services, Legal, etc. The North America Real Estate Credit Risk Team works with a client base of leading real estate, lodging, gaming, homebuilding and real estate service companies. The portfolio of credit products we manage and monitor includes corporate recourse traditional credit products (revolving credit facilities and term loans), real estate asset level financings, whole loan repos, risk retention, derivatives, and treasury lines.
Job Responsibilities:
The Associate will be a Credit Officer covering asset level CRE transactions and corporate level credit exposure for real estate-related clients in the CIB and will have primary day-to-day responsibility for managing and monitoring credit exposure in conjunction with other team members. Specific duties include:
Exercise sound credit judgement and decision making on individual transactions presented to the CMBS Underwriting Committee
Utilize assigned lending authority to approve the underwriting, structuring and risk grading of CIB real estate loans, obtaining higher level approval when needed
Supervise, review and provide input on analysis prepared by underwriting and portfolio management team members in the CMBS business unit, as it relates to construction, mortgage warehouse and non-stabilized property loans, including condos, office, hotels and retail, among other property types
Participate in due diligence and provide deal team members with credit expertise in structuring of new debt facilities, including revolvers, term loans and bridge financing (for leveraged buyouts, recapitalizations, acquisitions and general corporate purposes) to support the real estate leveraged credit business
Lead or assist on negotiation and completion of documentation for loan and derivative transactions
Work with CIB Coverage and Global Corporate Banking partners on allocation of capital for clients
Oversee all aspects of the credit relationship in partnership with the various business units, including exposure, collateral, threshold management, compliance, and identifying potential credit concerns
Work with other functional groups (Market Risk, Valuation Control Group and Finance) to provide holistic coverage for SPG originated loans
Provide a cohesive and comprehensive approach to review ratings, risk assessment, portfolios, clients and sub-sectors
Lead annual industry reviews and quarterly portfolio tiering meetings to assess client, industry, and sector developments, and to evaluate risk ratings
Lead the discussion and respond to questions regarding clients during internal and regulatory audits of the portfolio and/or transactions
Ensure compliance with all audit and administrative requirements including adherence to internal policies and guidelines, as well as regulatory guidance and requirements
Coordinate with Commercial Real Estate groups across different Lines of Business to ensure consistency in approach and best practices
Participate in the asset management of the construction loans and portfolio management of the CRE loans
Review modifications to originally approved deal parameters such as capital improvement plans, construction draw criteria, major leases, TI/LC draws, cash sweep trigger calculations, loan extension tests, etc.
Assist with recruiting, training and development of junior team members
Lead ad hoc team projects
Qualifications:
Exceptional credit underwriting background and analytical skills
Solid grasp of accounting and corporate finance, including three-statement financial modeling
Understanding of the syndicated bank loan market
CRE lending experience across numerous property types, markets and loan types
Experience managing a portfolio of CRE project loans and mortgage warehousing lines
Proven leadership skills and ability to make timely and prudent credit decisions in a high volume environment
In-depth understanding of CRE financial products, structuring and market conditions
Excellent organizational, communication and partnership skills
Experience interfacing with external clients
Ability to successfully work independently and as part of a team
Minimum 3-5 years of relevant work experience
Keyword: consumer%20banking
Organization Description
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world™s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
Employer Description
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 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. In accordance with applicable law, we make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
Job Description
Credit Risk is responsible for managing credit exposure generated by lending, trading, cash management and other activities. CIB Credit Risk leads the client credit relationship in partnership with CIB sales teams from IB Coverage, Corporate Banking, Investment Grade & Leveraged Finance, Securitized Products, Sales & Trading, Treasury & Security Services, Legal, etc. The North America Real Estate Credit Risk Team works with a client base of leading real estate, lodging, gaming, homebuilding and real estate service companies. The portfolio of credit products we manage and monitor includes corporate recourse traditional credit products (revolving credit facilities and term loans), real estate asset level financings, whole loan repos, risk retention, derivatives, and treasury lines.
Job Responsibilities:
The Associate will be a Credit Officer covering asset level CRE transactions and corporate level credit exposure for real estate-related clients in the CIB and will have primary day-to-day responsibility for managing and monitoring credit exposure in conjunction with other team members. Specific duties include:
Exercise sound credit judgement and decision making on individual transactions presented to the CMBS Underwriting Committee
Utilize assigned lending authority to approve the underwriting, structuring and risk grading of CIB real estate loans, obtaining higher level approval when needed
Supervise, review and provide input on analysis prepared by underwriting and portfolio management team members in the CMBS business unit, as it relates to construction, mortgage warehouse and non-stabilized property loans, including condos, office, hotels and retail, among other property types
Participate in due diligence and provide deal team members with credit expertise in structuring of new debt facilities, including revolvers, term loans and bridge financing (for leveraged buyouts, recapitalizations, acquisitions and general corporate purposes) to support the real estate leveraged credit business
Lead or assist on negotiation and completion of documentation for loan and derivative transactions
Work with CIB Coverage and Global Corporate Banking partners on allocation of capital for clients
Oversee all aspects of the credit relationship in partnership with the various business units, including exposure, collateral, threshold management, compliance, and identifying potential credit concerns
Work with other functional groups (Market Risk, Valuation Control Group and Finance) to provide holistic coverage for SPG originated loans
Provide a cohesive and comprehensive approach to review ratings, risk assessment, portfolios, clients and sub-sectors
Lead annual industry reviews and quarterly portfolio tiering meetings to assess client, industry, and sector developments, and to evaluate risk ratings
Lead the discussion and respond to questions regarding clients during internal and regulatory audits of the portfolio and/or transactions
Ensure compliance with all audit and administrative requirements including adherence to internal policies and guidelines, as well as regulatory guidance and requirements
Coordinate with Commercial Real Estate groups across different Lines of Business to ensure consistency in approach and best practices
Participate in the asset management of the construction loans and portfolio management of the CRE loans
Review modifications to originally approved deal parameters such as capital improvement plans, construction draw criteria, major leases, TI/LC draws, cash sweep trigger calculations, loan extension tests, etc.
Assist with recruiting, training and development of junior team members
Lead ad hoc team projects
Qualifications:
Exceptional credit underwriting background and analytical skills
Solid grasp of accounting and corporate finance, including three-statement financial modeling
Understanding of the syndicated bank loan market
CRE lending experience across numerous property types, markets and loan types
Experience managing a portfolio of CRE project loans and mortgage warehousing lines
Proven leadership skills and ability to make timely and prudent credit decisions in a high volume environment
In-depth understanding of CRE financial products, structuring and market conditions
Excellent organizational, communication and partnership skills
Experience interfacing with external clients
Ability to successfully work independently and as part of a team
Minimum 3-5 years of relevant work experience
Keyword: consumer%20banking
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 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. In accordance with applicable law, we make reasonable accommodations for applicants™ and employees™ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the œWELL Health-Safety Rating for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm™s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm™s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
Equal Opportunity Employer/Disability/Veterans
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world™s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.
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.
