Wholesale Credit Review

Job Description

The Credit Review team within the JPMC Internal Audit Department is responsible for reviewing the credit process in commercial lending portfolios at the firm. The team focuses on portfolios within the Commercial and Investment Bank, Commercial Banking, Wealth Management, and Business Banking lines of business.

The Credit Review team performs independent reviews of JPMC commercial loan portfolios that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting standards and practice, and determining through ongoing monitoring the overall assessment of asset quality. Furthermore, the team assesses whether sufficient controls are in place to mitigate credit risk to the firm.

Position Description

This position is responsible for planning and executing periodic credit reviews and participating on review assignments. The Credit Review Officer will lead members of the Credit Review team in activities that evaluate commercial loan transactions and perform assessments of underwriting and portfolio management to independently opine on the adequacy of underwriting analysis, accuracy and timeliness of risk grading decisions, appropriateness of credit mitigation actions, and the effectiveness of the credit management process and key controls supporting credit quality. Between periodic reviews, the Credit Review Officer independently monitors credit risk trends within assigned commercial lending portfolios, attends relevant meetings, and develops and maintains relationships with internal stakeholders responsible for credit approval. This position will report to a Credit Review Director and is located in Jersey City, NJ. or Plano, TX.

Key Responsibilities

• As Reviewer-in-Charge, lead a team of reviewers for commercial loan portfolios. This includes chairing meetings associated with planning, project kick-off, presentation of findings, and formal closing. Duties include coordinating team assignments with the Credit Review Director, defining project scope and sample selection, evaluating internal controls and systems that mitigate credit risk, communicating with business management, reviewing results to identify key issues and dimensioning the significance of those findings, recommending corrective action as needed, report writing, and archiving all relevant documents. 
• As a team member, participate in reviews led by Credit Review team members. This includes preparing independent financial analysis and risk assessment (focusing on the accuracy of risk grades, timeliness of grade changes, and appropriateness of supporting rationale), analyzing the credit underwriting quality of individual transactions, recording results and conclusions in a work paper database, and actively participating in all review meetings. 
• Perform continuous monitoring of assigned portfolios and participate in portfolio review meetings. 
• Serve as an information resource on commercial credit risk and policy. Partner with Credit Risk Management stakeholders to establish strong working relationships while maintaining independence. 
• Ensure consistent application of firm wide Risk Policy as well as Credit Review Policies and Procedures. 
• Complete special projects and research as assigned by the Credit Review Director. 

Qualifications

• Experienced credit professional with minimum 10-years commercial credit experience, preferably with a background in commercial credit underwriting and credit risk management. 
• Successful completion of formal credit training program preferred, but not necessary.  
• Previous credit review experience is preferred, but not necessary. 
• Minimum Bachelor's degree in Accounting, Finance, Economics, or a related discipline. 
• Demonstrated understanding of commercial credit principles and strong analytical skills. 
• Excellent verbal and written communication and interpersonal skills required with ability to present complex and sensitive issues to management. 
• Enthusiastic, self-motivated, effective in a dynamic fast-paced environment and willing to demonstrate personal responsibility and accountability. 
• Proven ability and desire to learn quickly, be flexible, and think strategically. 
• Ability to manage multiple tasks concurrently, with a high sense of urgency. 
• Works well individually and in teams, shares information, supports colleagues, and encourages participation. 
• Flexibility to travel as required. 

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 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.

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 is an Equal Opportunity Employer, including Disability/Veterans

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

The Audit department provides independent assessments to evaluate, test and report on the adequacy and effectiveness of our governance, risk management and internal controls. The team’s priorities are focused on strong governance, transparency, strategic engagement, and fostering a diverse and inclusive culture that develops our talent.