Risk Management- Special Credits Executive Director

Aumni

Aumni

New York, NY, USA
Posted on Oct 1, 2024

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 Special Credits Executive Director in the Special Credits Group in JPMorgan’s Global Corporate Bank, you will develop/implement risk mitigation and recovery maximization strategies for distressed exposure. Working closely with internal (capital markets and origination, industry coverage, legal, among others) and external (company management, legal and financial advisors, and other creditors) stakeholders, you will cover matters across all industries in the US, Canada, and Latin America. This includes litigation/wind-down situations as well as a portfolio of equity and debt instruments received in exchange for previous loans/claims. You will also be involved with the structuring and arrangement of stressed and distressed debt transactions, including Debtor-in-Possession / Exit facilities for companies in bankruptcy and Liability Management transactions. We are looking for an individual with strong financial analysis and legal documentation skills that is motivated, collaborative, and confident.

Job Responsibilities

  • Lead credit decision-making process in live stressed / distressed situations while in leadership role amongst lender group/Administrative Agent capacity
  • Participate on with deal teams on new originations for distressed borrowers and the restructuring of existing exposure; Transactions often contain material complex legal, financial, reputational, and jurisdictional issues
  • Review complex legal, financial and jurisdictional issues with an objective of improving credit structure
  • Coordinate across multiple internal constituencies including Industry and Product Coverage, Credit Risk, Capital Markets, Legal, Compliance and Secondary Loan trading
  • Work with external constituents, including other lenders, company management, financial advisors, and outside counsel to implement optimal solutions for exposure positions
  • Approve quarterly Credit Surveillance, accounting and regulatory reporting on portfolio names
  • Evaluate exposure management opportunities through loan sale; Prepare valuations on securities/ other instruments received from previous restructurings and formulate trading and disposal strategies
  • Provide leadership on the wholesale regulatory, accounting and risk reporting agenda as well as other Special Credits-specific activities including crisis management and problem credit playbooks

Required qualifications, capabilities, and skills

  • 7+ years experience in role focused on corporate finance, credit and leveraged finance
  • Strong verbal and written communication skills
  • Ability to make, defend, and communicate credit / structuring decisions, often based on limited information
  • High degree of motivation with a strong sense of accountability and ownership of tasks; Must be able to work well under pressure on teams in a demanding environment with good time management
  • Strong attention to detail and project management skills

Preferred qualifications, capabilities, and skills

  • Experience in a workout role at another bank is highly preferred

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

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.