JP Morgan Wealth Management Securities Based Lending Credit Operations Manager

Aumni

Aumni

Accounting & Finance, Operations
Newark, DE, USA
Posted on Sep 26, 2024

Job Description

As a Securities Based Lending Team Manager, you will be part of a team that is the center of excellence designed to handle a high volume of lower risk credit transactions including Advised Lines of Credit secured by high quality marketable securities with standard loan documentation.

In this role, you will ensure a short turnaround for underwriting, credit approval and sending out final loan documentation.

Job Responsibilities

  • Lead a team of 8 - 10 Lenders and Analysts dedicated to the seamless delivery of the Securities Based Lending products to Wealth Management
  • Provide the highest level of service to our internal partners and ultimately the Client while adhering to credit quality standards and ensure that the loan portfolio meets or exceeds approved credit quality targets
  • Maintain a consistently high level of awareness around any potential credit issues and to resolve exceptions as soon as possible. These exceptions include effectively managing under margin situations, past review facilities, past due principal/interest and documentation exceptions
  • Review of credit presentations which should completely outline the proposed credit structure including accurate risk rating assessment and any potential collateral issues (ex. concentrations)
  • Ensure all new credit requests and annual reviews are completed according to Regulation B guidelines
  • Partner with Global and Domestic Securities Based Lending leadership to provide appropriate oversight of credit and operational risk

Required qualifications, capabilities, and skills

  • Bachelor degree or appropriate experience
  • 5 or more years of private banking/asset management, strong understanding of financial markets and securities industry, and mastery level credit/lending experience
  • Strong communication and interpersonal skills. Accountable for team delivery of excellent customer service
  • Proven ability to effectively communicate with senior managers and sales personnel
  • Ability to effectively document and implement new and updated processes
  • Use stringent judgment to ensure business is conducted in compliance with all applicable government regulations, corporate policies, and operations risk management
  • Possess strong skills in Excel, Word, Visio, Outlook, and PowerPoint

Preferred qualifications, capabilities, and skills

  • Previous management experience with the ability to motivate and lead an integrated credit team with a range of personality types
  • Knowledge of J.P. Morgan & Chase software applications and a broad knowledge of bank products and services. Experience using the Wholesale JPMorgan Credit Risk Infrastructure tools and applicationsm(iCRD)

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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation awarded in recognition of 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

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​