Credit Risk Senior Associate, Leveraged Corporate Healthcare

Credit Risk Senior Associate In Healthcare Leveraged Finance

Bring your expertise to JPMorganChase. 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 Credit Risk Senior Associate in healthcare leveraged finance, you will manage and monitor a portfolio of non-investment grade and sponsor-backed corporate clients across the US Healthcare industry. You'll access credit risk on leveraged buyouts and recapitalizations, develop independent credit views, and help guide the firm's risk-return decisions through thoughtful analysis, stress testing, and disciplined risk governance. You will also collaborate with business partners across Coverage, Capital Markets, Trading, Payments, and internal risk teams to structure solutions that align with JPMorganChase credit appetite and documentation standards.

Job Responsibilities:

• Manage and monitor a portfolio of leveraged healthcare issuers and sponsor-backed credits, maintaining strong day-to-day risk oversight.
• Track exposure across loans, revolvers, term loans, letters of credit, asset-based lending facilities, derivatives, and other products that create credit exposure for the firm.
• Ensure compliance with internal limits, covenants, and risk appetite; escalate emerging risks and documentation or compliance gaps as needed.
• Conduct scenario analysis and stress testing focused on leverage, liquidity, cash flow resilience, and downside outcomes.
• Develop independent credit opinions and recommend risk decisions supported by clear, decision-ready analysis and rationale.
• Build and review pro forma capital structures and cash flow projection models to evaluate debt capacity, deleveraging paths, coverage, liquidity, and covenant headroom.
• Lead credit due diligence for clients and capital markets transactions, coordinating third-party reports, management meetings, and site visits.
• Partner with Trading to approve and manage hedging exposures and related credit risk considerations.
• Support legal negotiations by reviewing and influencing documentation, credit terms, collateral, covenants, and protections.
• Collaborate with the Asset-Based Lending Credit Team to deliver asset-backed lending solutions, including collateral diligence and borrowing base considerations.
• Coordinate with Payments, Payments Risk, Trade Risk, and Implementation teams to align product structures, guarantees/collateralization, and documentation with credit appetite.

Required Qualifications, Capabilities, and Skills:

• Bachelor's degree, required.
• 3+ years of relevant experience in credit risk, leveraged finance, and/or corporate finance.
• Completion of a corporate bank credit training program or equivalent hands-on credit underwriting experience.
• Strong accounting and corporate finance foundation, including ability to interpret financial statements and assess cash flow sustainability.
• Proven financial modeling capability (e.g., pro forma capital structures, cash flow projections, leverage/liquidity metrics, covenant analysis).
• Experience monitoring a credit portfolio, including exposure tracking, covenant compliance, and ongoing credit assessment.
• Ability to produce concise, decision-ready materials for senior stakeholders (memos, recommendations, risk summaries).
• Proficiency in Excel, PowerPoint, and Word in a professional environment.
• Strong written and verbal communication skills, including the ability to articulate risk views clearly and influence outcomes.
• Effective stakeholder management and collaboration skills across front office, product, and risk partners.
• Ability to perform under pressure and manage multiple priorities in a fast-paced deal and portfolio environment.

Preferred Qualifications, Capabilities, and Skills:

• MBA and/or CFA (or progress toward CFA) strongly preferred.
• Familiarity with rating agency methodologies and leveraged credit assessment frameworks.
• Experience with stress testing practices, downside case development, and sensitivity/scenario design.
• Experience with Asset-Based Lending structures, including borrowing base analysis and collateral diligence.
• Knowledge of loan and derivative products, including exposure mechanics, documentation concepts, and structuring considerations.
• Experience negotiating or supporting negotiation of credit legal documents (e.g., credit agreements, intercreditor terms, covenant packages).
• Industry familiarity with Healthcare; additional exposure to Sports & Entertainment and/or Business Services is a plus.

This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.

About Us

JPMorganChase, 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, paid in the form of cash and/or forfeitable equity, 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.