Wholesale Credit Review - Vice President
The Credit Review team within the JPMC Internal Audit Department is responsible for reviewing the credit process in commercial lending portfolios at the firm.
The team focuses on portfolios within the Commercial and Investment Bank, Commercial Banking, Wealth Management, and Business Banking lines of business.
The Credit Review team performs independent reviews of JPMC commercial loan portfolios that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting standards and practice, and determining through ongoing monitoring the overall assessment of asset quality.
Furthermore, the team assesses whether sufficient controls are in place to mitigate credit risk to the firm.
Position Description
This position is responsible for planning and executing periodic credit reviews, and participating on review assignments.
The Credit Review Officer will lead members of the Credit Review team in activities that evaluate commercial loan transactions and perform assessments of underwriting and portfolio management to independently opine on the adequacy of underwriting analysis, accuracy and timeliness of risk grading decisions, appropriateness of credit mitigation actions, and the effectiveness of the credit management process and key controls supporting credit quality.
Between periodic reviews, the Credit Review Officer independently monitors credit risk trends within assigned commercial lending portfolios, attends relevant meetings, and develops and maintains relationships with internal stakeholders responsible for credit approval.
This position will report to a Credit Review Director and is located in Jersey City, NJ.
or Plano, TX.
Key Responsibilities
* As Reviewer-in-Charge, lead a team of reviewers for commercial loan portfolios.
This includes chairing meetings associated with planning, project kick-off, presentation of findings, and formal closing.
Duties include coordinating team assignments with the Credit Review Director, defining project scope and sample selection, evaluating internal controls and systems that mitigate credit risk, communicating with business management, reviewing results to identify key issues and dimensioning the significance of those findings, recommending corrective action as needed, report writing, and archiving all relevant documents.
* As a team member, participate in reviews led by Credit Review team members.
This includes preparing independent financial analysis and risk assessment (focusing on the accuracy of risk grades, timeliness of grade changes, and appropriateness of supporting rationale), analyzing the credit underwriting quality of individual transactions, recording results and conclusions in a work paper database, and actively participating in all review meetings.
* Perform continuous monitoring of assigned portfolios and participate in portfolio review meetings.
* Serve as an information ...
- Rate: Not Specified
- Location: Jersey City, US-NJ
- Type: Permanent
- Industry: Finance
- Recruiter: JPMorgan Chase Bank, N.A.
- Contact: Not Specified
- Email: to view click here
- Reference: 210535254
- Posted: 2024-09-25 08:26:59 -
- View all Jobs from JPMorgan Chase Bank, N.A.
More Jobs from JPMorgan Chase Bank, N.A.
- Sr. Group Counsel - Intellectual Property
- Plant Operator Trainee
- Production Supervisor
- Maintenance Mechanic
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Process Safety Engineer – Rotational EH&S Professionals (REP) - Summer 2025
- Maintenance Manager
- Construction Manager
- Product System Leader - Fiberline
- TAD Manufacturing Process Engineer
- TAD Manufacturing Process Engineer
- TAD Manufacturing Process Engineer
- TAD Manufacturing Process Engineer