Middle Office - Direct Lending Loan Operations Vice President

JPMorganChase; New York (NY); On-site; USD 180,000 - 280,000; Full time

Job summary

JPMorganChase Fixed Income Middle Office Vice President role describes overseeing end-to-end lifecycle events for Direct Lending, including reconciliations, governance, and controls to ensure scalable service levels. The role emphasizes collaboration with portfolio management, trading, operations, technology, risk, and controls in a ramping platform environment.

Based in New York, the position requires deep MO expertise and strong stakeholder management across clients, custodians, and internal

Qualifications

• Middle Office / loan operations experience supporting private credit and/or direct lending lifecycle processing (funding, paydowns, interest/payment support, rate resets, notices, amendments/consents).
• Strong reconciliation and break management expertise (cash/position/accrual), including root-cause analysis, escalation, and closure governance.
• Proven ability to run BAU while simultaneously executing onboarding/build work in deadline-driven ramp periods.
• Strong controls mindset (procedures, KRIs, audit readiness) and comfort operating in a high-accountability environment.
• Stakeholder management skills across operations, front office/business, and external parties (agents/custodians/vendors as applicable).
• Direct experience onboarding new operating perimeters (new clients/vehicles/products) and building scalable playbooks, controls, and exception taxonomies is strongly preferred.
• Experience overseeing a third-party servicing model and operating across multiple platforms during integration/transition periods is preferred.

Responsibilities

• Own and oversee lifecycle event processing and throughput during periods of high concurrency, including payments, notices, rate resets, amendments, consents, drawdowns, repayments, covenant package coordination, and delayed settlements.
• Provide settlement support for funding, paydowns, and fees, partnering with internal and external stakeholders to resolve breaks and exceptions.
• Lead cash, position, and accrual reconciliation oversight, including break investigation, escalation, closure discipline, and governance cadence.
• Drive exception management and escalation ownership, coordinating across Middle Office partners and stakeholders to ensure timely resolution and adherence to controls.
• Deliver operational inputs for reporting and client servicing, recognizing the impact of multiple vehicles on reporting variants, cutoffs, and formats.
• Support onboarding for new SMA, Fund-of-One accounts, new fund launches, and new product builds, including account setup, connectivity, standing instructions, reconciliation model, reporting specifications, procedures, approvals, target operating model, lifecycle playbook, controls, exception taxonomy, UAT/testing, governance signoffs, and training.
• Partner on material operating model changes, focusing on requirements, design, testing, runbooks, cutover, and monitoring to reduce operational risk during scale.
• Act as a subject matter expert for training and knowledge transfer as staffing scales, helping institutionalize best practices and consistent oversight.
• Execute daily oversight activities, including pipeline review, monitoring notices and inbox, lifecycle event preparation, pre- and post-cutoff reconciliation, and documentation and escalation of unresolved issues. Lead or participate in weekly oversight with the servicing provider to review pipeline, cash breaks, lifecycle events, and unresolved issues, ensuring actions are owned and followed through.
• Drive monthly oversight, reporting, and meeting cadence, including review of portfolio and cash accounts, document management, reconciliation outcomes, unresolved breaks, and process improvement items.
• Own and execute governance and controls deliverables, such as KRIs, procedures, and audit readiness, continuously enhancing procedures to support scale.

Skills

Middle Office/Loan Ops

Reconciliation & Break Mgmt

BAU with onboarding/build

Controls & Audit readiness

Stakeholder mgmt

Job description

Job Description

The Fixed Income Middle Office sits at the intersection of Portfolio Management, Trading, Operations, Technology, Risk, and Controls. It provides critical trade lifecycle support, data integrity, process oversight, and operational excellence to safeguard portfolio accuracy and enable the front office to focus on investment decisions.

Job Description

The Fixed Income Middle Office sits at the intersection of Portfolio Management, Trading, Operations, Technology, Risk, and Controls. It provides critical trade lifecycle support, data integrity, process oversight, and operational excellence to safeguard portfolio accuracy and enable the front office to focus on investment decisions. As a Vice President on the Fixed Income Middle Office team, you will support our Private Credit / Direct Lending platform. This role is a Middle Office SME and operational point of contact for Direct Lending, providing end-to-end oversight of the trade/lifecycle process, reconciliations, issue escalation, and governance of the servicing model to ensure timely execution and strong controls as the platform scales. The Direct Lending platform is entering a ramp period with increasing deployment and borrower count, driving non-linear increases in BAU lifecycle events, reconciliations, and exception management needs. This role adds experienced coverage to preserve service levels and strengthen controls as BAU lifecycle volume, reconciliations, and exception management scales.

Job Responsibilities

• Own and oversee lifecycle event processing and throughput during periods of high concurrency, including payments, notices, rate resets, amendments, consents, drawdowns, repayments, covenant package coordination, and delayed settlements.
• Provide settlement support for funding, paydowns, and fees, partnering with internal and external stakeholders to resolve breaks and exceptions.
• Lead cash, position, and accrual reconciliation oversight, including break investigation, escalation, closure discipline, and governance cadence.
• Drive exception management and escalation ownership, coordinating across Middle Office partners and stakeholders to ensure timely resolution and adherence to controls.
• Deliver operational inputs for reporting and client servicing, recognizing the impact of multiple vehicles on reporting variants, cutoffs, and formats.
• Support onboarding for new SMA, Fund-of-One accounts, new fund launches, and new product builds, including account setup, connectivity, standing instructions, reconciliation model, reporting specifications, procedures, approvals, target operating model, lifecycle playbook, controls, exception taxonomy, UAT/testing, governance signoffs, and training.
• Partner on material operating model changes, focusing on requirements, design, testing, runbooks, cutover, and monitoring to reduce operational risk during scale.
• Act as a subject matter expert for training and knowledge transfer as staffing scales, helping institutionalize best practices and consistent oversight.
• Execute daily oversight activities, including pipeline review, monitoring notices and inbox, lifecycle event preparation, pre- and post-cutoff reconciliation, and documentation and escalation of unresolved issues. Lead or participate in weekly oversight with the servicing provider to review pipeline, cash breaks, lifecycle events, and unresolved issues, ensuring actions are owned and followed through.
• Drive monthly oversight, reporting, and meeting cadence, including review of portfolio and cash accounts, document management, reconciliation outcomes, unresolved breaks, and process improvement items.
• Own and execute governance and controls deliverables, such as KRIs, procedures, and audit readiness, continuously enhancing procedures to support scale.

Required Qualifications, Capabilities, And Skills

• Middle Office / loan operations experience supporting private credit and/or direct lending lifecycle processing (funding, paydowns, interest/payment support, rate resets, notices, amendments/consents).
• Strong reconciliation and break management expertise (cash/position/accrual), including root-cause analysis, escalation, and closure governance.
• Proven ability to run BAU while simultaneously executing onboarding/build work in deadline-driven ramp periods.
• Strong controls mindset (procedures, KRIs, audit readiness) and comfort operating in a high-accountability environment.
• Stakeholder management skills across operations, front office/business, and external parties (agents/custodians/vendors as applicable).

Preferred Qualifications, Capabilities, And Skills

• Direct experience onboarding new operating perimeters (new clients/vehicles/products) and building scalable playbooks, controls, and exception taxonomies is strongly preferred.
• Experience overseeing a third-party servicing model and operating across multiple platforms during integration/transition periods is preferred.

ABOUT US

JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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. 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans.

About The Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.