Credit Risk Legal Entity Associate

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Posting Description

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.

Credit Risk Legal Entity is part of a global private side team within the Wholesale Credit Risk organization. The group has four core mandates that include a range of responsibilities covering the legal entities (cross line of business) within their respective region: Portfolio Management, Frameworks, Policy and Regulatory. Work closely with Credit Officers, Legal Entity Risk Managers, Finance, Wholesale and Firm wide Policy, Wholesale Credit Stress Testing, Counterparty Credit Risk and Legal Entity Risk Reporting on an ongoing basis

We are seeking an Associate to join our team in New York to provide qualitative (policy, administration) and quantitative (data analysis, reporting) support for the senior level managers.

Job Responsibilities

• Portfolio management: Perform portfolio level activities, analysis (variance, trend, concentration etc.), LE reporting (design, monitoring and technology requirements) and elaborate materials for Board and Committee level updates (risk profiles, trends, strategy, commentary)
• Frameworks: Partner with relevant stakeholders to drive execution and outcome, lead requirements for LE credit approvals, work with Credit Risk SMEs and partners to ensure internal/external deliverables are met and serve as focal point for LE Credit matters and escalations
• Policy: Document contact/liaison for policy/procedures (standardization/transparency) and develop and control content in line with firm wide practices
• Regulatory: Work on the coordination and implementation of Regulatory Requirements (existing, proposed, amended), provide regulatory interpretations prior to regulatory feedback/implementation (track and minimize bespoke processes) and participate as subject matter expert on Regulatory updates/exams & internal/external audits to ensure consistent messaging
• Other work may include special projects

Required Qualifications, Skills and Capabilities

• Bachelor's degree in a quantitative/technical discipline
• 2-3 years of direct experience in Credit or translatable risk disciplines
• Qualitative and quantitative knowledge of credit risk management (policy and technical)
• Ability to review regulation (and regulatory requirements) in order to assess impact to Credit Risk and to translate them into actionable deliverables
• Desire to develop understanding of risk management methodologies including derivative and traded product exposure generation, stress tests, collateral and various forms of documentation (loan and derivative) impact on credit exposure
• Ability to easily learn new technology platforms, including Compass (IAO system), iCRD and CRRT - reporting capability tools
• Ability to perform data analysis and translate into higher level presentations for broader audiences

Preferred Qualifications, Capabilities and Skills

• Ability to work autonomously and drive results
• Ability to take the strategy of the greater team, implement and continually drive positive change
• Strong communication, organizational and time management skills are critical for this role
• Ability to connect the pieces in siloed structures and foster productive relationships across the lines of business, in a large matrixed organization
• Attention to detail and ability to deal with time sensitive situations with a mature attitude deliverables
• Strong control mind-set, demonstrable partnership skills

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 recognize that our people are our strength and the diverse talents and perspectives that 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) View phone number on us.edajobs.com and indicate the specifics of the assistance needed.) We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans ABOUT THE TEAM 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. We also take great pride in on our commitment to operating with integrity and discipline in all that we do. If you are a team player, are solutions-oriented and have an appetite for learning, you'll be a great fit for our team.