JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
Our Firmwide Risk Function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
As an Underwriter / Credit Approval Officer 4 in Business Banking you are responsible for the following:
Evaluates credit applications and makes decisions to approve or decline loan requests, or approve requests subject to specified conditions.
The purpose of this position is to facilitate Small Business loan portfolio growth and protect the bank from loss, maintaining acceptable asset quality.
Senior level officer with high authority and experience.
Independently analyzes, or at times may work with the Credit Delivery Manager, to evaluate the risk of adding a particular transaction to the bank's loan portfolio.
Identifies additional information requirements needed to properly assess risks of the transaction.
Considers alternative credit structures to mitigate risk where appropriate.
Either approves the request as presented, declines it, or approves it subject to conditions.
Meets with appropriate staff members to discuss potential transactions, identify key risks and information requirements. Ensures that credit facilities presented for approval are properly graded.
Meets with customers/prospects of the bank where the industry or credit structure is unusual or unique.
Mostly works independently without direct supervision.
Serves as a resource for less experienced Credit Approval Officers.
Minimum of bachelor's degree or equivalent experience, graduate degree in business preferred.
Completion of advanced courses in finance, accounting, and credit either through a bank sponsored training program or college course work.
Typically 5 plus years experience as a relationship manager, underwriter or similar position requiring business banking/commercial knowledge and credit judgment.
Ability to formulate and articulate objective views based on professional analysis.
Thorough knowledge of credit philosophy and policies, loan documentation, bankruptcy and related legal issues.
Strong verbal, written, and interpersonal skills, as well as analytic and problem solving skills.
Demonstrated PC aptitude.
Works effectively in a team environment, while assuming individual responsibility.