Leveraged Finance Credit Risk Associate

Testing Site - JPMC; Chicago (IL); On-site; USD 110,000 - 151,000; Full time

Job summary

JPMorganChase is seeking a Credit Risk Associate within the Business Services Leveraged Finance Credit team in Chicago. You will cover non-investment grade corporate clients and sponsor-backed clients across Business Services subsectors, managing a portfolio of leveraged issuers and supporting negotiations and collateralize solutions.

You will collaborate with multiple teams to ensure credit discipline, while staying current on exposure, documentation, and risk strategy.

Qualifications

• Completion of a major corporate bank credit training program or equivalent experience.
• Minimum of 3 years of related experience in credit risk, leveraged finance, or corporate finance.
• Strong accounting and corporate finance expertise; proven analytical and financial modeling ability.
• Proficiency in Excel, PowerPoint, and Word; ability to produce concise, decision-ready materials.
• Outstanding verbal and written communication; strong interpersonal skills; ability to perform under pressure in a demanding environment.

Responsibilities

• Manage and monitor a portfolio of client credit exposures across Business Services subsectors (e.g., facilities management, outsourcing, staffing, security services, consulting firms, etc.).
• Track exposure across loans, revolvers, term loans, letters of credit, ABL facilities, and derivatives; ensure compliance with limits, covenants, and internal risk appetite.
• Conduct scenario analysis/stress testing on leverage, liquidity, and cash flow resilience.
• Take ownership of client credit needs and independently develop credit opinions.
• Build and review pro forma capital structures and cash flow projection models; assess debt capacity, deleveraging paths, interest coverage, liquidity, and covenant headroom.
• Manage credit due diligence process for clients and capital markets transactions, coordinating third-party reports, management meetings, and site visits.
• Assess counterparty credit risk using SA-CCR/PFE methodologies; monitor exposure, collateral thresholds, and margining under CSA.
• Coordinate with Treasury Services, Payments Risk, and Implementation teams to align product structures, collateralization/guarantees, and documentation with credit appetite.
• Collaborate with Global Corporate Banking Coverage, Debt Capital Markets, Investment Banking Coverage, and Syndicate teams.
• Stay current on all aspects of credit relationships, including exposure, compliance, documentation status, and ongoing credit research.

Skills

Credit risk

Financial modeling

Excel

PowerPoint

Word

Communication

Education

MBA or CFA designation

Tools

Excel

PowerPoint

Word

Job description

JPMorganChase is seeking a Credit Risk Associate within the Business Services Leveraged Finance Credit team in Chicago. You will cover non-investment grade corporate clients and sponsor-backed clients across Business Services subsectors, managing a portfolio of leveraged issuers and supporting negotiations and collateralize solutions.

You will collaborate with multiple teams to ensure credit discipline, while staying current on exposure, documentation, and risk strategy.