The Credit Risk function at Chase Merchant Services is dedicated to identifying, managing, and monitoring credit risk across our operations. We focus on credit risk arising from transactions processed for our merchant clients, particularly when a business failure leads to liquidation. Our risk management approach includes financial statement analysis and scheduled credit reviews, with a specific focus on periodic reviews of our wholesale portfolio based on exposure thresholds.
As a Credit Risk - Wholesale credit(Chase merchant services) - Associate within the Chase Merchant Services team, you will be focused on identifying, measuring, limiting, managing, and monitoring credit risk across our businesses. You will be conducting periodic credit reviews of corporate clients to protect the bank from loss and maintain credit risk within acceptable levels of our framework.
Job Responsibilities:
- Utilizing commercial credit skills to prepare written financial analysis, Risk Grading, and credit reviews of corporate clients
- Independently analyze, or at times work with more senior Credit Officers, to evaluate the risk and complete a periodic credit review of clients within the portfolio
- Understand and assess the customer’s business model and its viability in the long run. Identify additional information requirements needed to properly assess risks of the transaction
- Review and analyze the financial strength and soundness of corporate clients to identify key risks to the continued credit worthiness of the business along with appropriate mitigating factors
- Considers alternatives to mitigate risk where appropriate. Recommend action to be taken in unfavorable scenarios.
- Ensure that credit facilities presented are properly graded. Meet defined production and quality scores. Timely submission with no High-Risk quality review findings.
- Meet assigned timelines and ensure process and policy requirements are met per the business and audit requirements.
- Stay on top of policies, conventions and follow those diligently.
- Review completed cases for feedback; act on feedback provided and timely submissions of reworks.
- Establish strong partnerships with internal clients. Demonstrate client centric behavior i.e., be aware of client's expectations, challenges while securing the firm's interest.
- Exercise appropriate diligence with client information. Complete adhoc work assigned within expected timelines.
Required qualifications, capabilities, and skills
- 6+ years’ experience as a credit officer, underwriter or similar position with thorough knowledge of accounting and financial statement analysis requiring credit judgment and knowledge of various business models
- Post graduate or an advanced degree in business management, finance or accounting and Strong verbal, written, and interpersonal skills, as well as analytical and problem-solving skills. Ability to formulate and articulate objective views based on professional analysis
- Thorough knowledge of credit philosophy, loan documentation, bankruptcy and related legal issues.
- Proficiency in Microsoft Office Suite, especially Excel, Word and PowerPoint.
- Good organization skills and ability to work within time constraints in a highly regulated environment.
- Work effectively in a team environment, while assuming individual responsibility.
- Highly motivated individual with a natural passion to learn and an inquisitive personality.
- Strong sense of accountability and ownership of tasks. Interest in client interaction with strong verbal and written communication skills.
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time and Capable of understanding, describing, and debating complex concepts.
- Strong attention to detail and an excellent work ethic and Proactive approach, a sense of urgency where appropriate.
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. 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.
