Job Location: Bengaluru
J.P. Morgan is a leading global financial services firm, established over 200 years ago:
- We are the leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
- We have assets of $2.5 trillion and operations worldwide
- We operate in more than 100 markets.
- We have more than 243,000 employees globally.
Our wholesale businesses include J.P. Morgan’s Asset Management, Commercial Banking and the Corporate & Investment Bank which provide products and services to corporations, governments, municipalities, non-profits, institutions, financial intermediaries and high-net worth individuals and families.
Our corporate functions support the entire organization and include the following functions: Accounting, Audit, Finance, Human Resources, Operations, and Technology.
J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and Corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Global Service Centers (GSCs) are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm’s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions.
Credit Risk assesses, permissions, and manages credit and counterparty risks on an industry, client, geographic, and transaction basis. Credit risk is defined as the risk of loss arising from the default of a client or counterparty. Credit exposure arises through underwriting, lending, trading and transactional activities with and for clients and counterparties, as well as from a range of operating services such as merchant acquiring transactions, cash management and clearing activities.
The Credit Risk function identifies, measures, limits, manages, and monitors credit risk across our businesses. The teams are typically aligned by Geography covered. Our practices are designed to preserve the independence and integrity of decision making.
The Chase Merchant Services team is focused on a credit risk generated through the transactions we process for our merchant clients. Credit exposure is most realized when the merchant suffers a business failure resulting in liquidation. Risk is managed through financial statement analysis and scheduled credit reviews. Area of focus is conducting periodic review of wholesale portfolio defined by a certain threshold of exposure.
The purpose of this position is to facilitate periodic credit review of merchant clients and protect the bank from loss, maintaining credit risk within acceptable levels of our framework.
Key Responsibilities:
- Independently analyze, or at times work with more senior Credit Officers, to evaluate the risk and complete periodic review of qualifying clients.
- Identify additional information requirements needed to properly assess risks of the transaction
- Understand and assess the customer’s business model and its viability in the long run
- Review and analyze the financial strength and soundness of the customer to identify key risks to the continued credit worthiness of the business.
- Considers alternatives to mitigate risk where appropriate. Recommend action to be taken on credit, identifies key risks and information requirements.
- Ensure that credit facilities presented are properly graded.
- Meet assigned timelines and ensure process and policy requirements are met per the business and audit requirements.
- Meet defined production and quality scores. Timely submission. No High-Risk quality review findings.
- Minimize/eliminate Quality review findings. Stay on top of policies, conventions and follow those diligently.
- Review completed cases for feedback; act on feedback provided and timely submissions of reworks
- Establish strong partnerships with internal clients. Demonstrate client centric behavior i.e., be aware of client’s expectations, challenges while securing the firm’s interest.
- Exercise appropriate diligence with client information. Complete work assigned to within expected timelines.
Qualifications
- 1-4 plus years’ experience as a credit analyst / underwriter or similar position requiring business knowledge and credit judgment
- Post graduate or an advanced degree in business management, finance or accounting.
- Ability to formulate and articulate objective views based on professional analysis.
- Thorough knowledge of credit philosophy, loan documentation, bankruptcy and related legal issues.
- Strong verbal, written, and interpersonal skills, as well as analytical and problem-solving skills.
- Good organization skills and ability to work within time constraints in a highly regulated environment.
- Works effectively in a team environment, while assuming individual responsibility.
JPMC ‘How We do Business’ Principles
JPMorgan Chase & Co. has earned a reputation as an institution that maintains high standards of transparency and accountability. Building and protecting that reputation requires commitment from everyone to make our firm the best it can be.
In addition to fulfilling the skills and qualifications required for this role, the ideal candidate should possess the following personality traits:
- Integrity
- Accountability
- Collaborative
- Respect
- Community Awareness
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 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.
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