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 Associate in the Asset Based Lending Group, your responsibility will be to: i.) support in the management of a portfolio of Corporate Client Banking & Specialized Industries (CCBSI) clients that have Asset Based loans and ii.) support in the underwriting of credit exposure for new and existing ABL clients, both in a second chair capacity and until such time that the Associate demonstrates ability to work as primary ABL credit contact. ABL Credit Risk Professionals lead the ABL client credit relationship along with CCBSI Bankers who manage the overall relationship, as well as partnering closely with the CCBSI credit team and ABL Originations. The role involves extensive interaction with clients, product and functional partners, internal and external legal counsel, lenders and investors.

ABL Credit Risk Professionals:

• Participates in all aspects of the credit relationship, including credit analysis, financial modeling and coordinating credit approval for all products including loans, derivatives, leases and cash management.
• Proactively support and enhance client relationships.
• Recommend changes in structure or account management strategy to address negative trends. Assess monthly, quarterly and annual financial statements and ongoing borrowing base reporting and collateral monitoring. Assigns and assesses internal ratings, risk assessment and risk mitigation.
• Leadership role in structuring and negotiating Credit Agreements, amendments, waivers and related legal documents.
• Manage and monitor loan products including affirmative, negative and financial covenant compliance. Manage on-going communication with bank group members.
• Review, interpret and implement findings from collateral appraisals and field exams. On-going monitoring of collateral trends and liquidity, establishing reserves and recommending appropriate course of action to address issues.
• Partner with Bankers, CCBSI Credit, ABL Originations, Debt Capital Markets, Syndicated Leveraged Finance, Treasury Services, Leasing, Derivatives and Loan Operations.
• Communicate with Senior Management, respond to regulatory requests and maintain internal credit files
• Support the credit team in projection modeling, analysis and underwriting of new or modified ABL exposure for prospects and existing clients.

Minimum Skills, Experience and Qualifications

We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.

• Minimum 3 plus years' experience in Credit Risk with Asset Based Lending knowledge a plus
• Excellent written and verbal communication skills
• Ability to multitask in a fast-paced environment
• Bachelor's degree in Accounting or Finance

About Us

Across JPMorgan Chase, we serve millions of customers and many of the world's most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world's most admired companies and we know that it's our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.

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.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

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, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans

Base Pay/Salary
NY, NY $85,000.00 - $125,000.00 / year