Credit Operations Senior Specialist III - Credit Risk Support

About JP Morgan Wealth Management
J.P.

Morgan Asset and Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management.

Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world.

The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds.

For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

Our Business
The Wealth Management Credit Platform Service Support Team reports into Private Banking (PB) Credit Platform Services.

The Team is responsible for ensuring that credit facility information is entered accurately from source documentation before circulating the proposal for approval.

Position Description:

The analyst performing this role are required to have a complete understanding and knowledge of complex custom credit requests regarding regulatory and credit policy guidelines.

This includes detailed analysis of credit approval documentation to understand and interpret all product terms and conditions, supports, credit exception codes, facility flags, and regulatory reporting and purpose codes into the firmwide credit risk platform.

As well as knowledge to perform portfolio maintenance activities including credit responsibility units, credit coverage, and credit hierarchy system updates.

The individual performing this function must work autonomously and be well versed to understand all upstream requirements and downstream impacts, while performing at high quality standards to support our lending, credit risk, finance, and control organizations.

Job Responsibilities:


* Partner with Underwriters and Lending Specialists to capture terms and conditions stipulated in the credit approval and legal documentation into the corporate credit platform.


* Coordinates the global approval for cross Line Of Business requests to include exposure to customers that are managed by units outside of the family responsibility area.


* Coordinate all administrative aspects of portfolio management on a day to day basis including, but not limited to, identifying unlinked outstanding, over limits, temporary facility extension or increases.


* Creation of and maintaining client information records in internal systems


* Knowledge of the following:


* All WM credit products offered inclusive of letters of credit


* Credit Risk policies and guidelines


* All aspects of Credit Risk platform (iCRD)


* Regulatory Reporting and Purpose Codes


* Review to understand all aspects of the loan terms and conditions outlined in the underwriter's credit approval documentation


* Aligned to the underwriting procedures & policy guidelines, the team performs credit & client due diligence


* Reviews regul...