Risk Management - Dealer Commercial Services Special Credits Lead Credit Officer- Vice President

JPMorgan Chase; Columbus (OH); On-site; USD 112,000 - 195,000; Full time

Job summary

An established industry player is seeking a Vice President Special Credits Lead to join their Dealer Commercial Services team. This pivotal role involves managing a portfolio of marginal to adversely graded credit relationships, focusing on risk management and recovery maximization. The ideal candidate will possess extensive commercial banking experience and demonstrate superior analytical skills. You will engage in negotiations, provide guidance on credit issues, and mentor team members, all while contributing to a culture that values innovative thinking and problem-solving. Join a dynamic team committed to excellence in financial services and make a significant impact on the firm's success.

Benefits

Comprehensive health care coverage

On-site health and wellness centers

Retirement savings plan

Backup childcare

Tuition reimbursement

Mental health support

Financial coaching

Qualifications

• 10+ years of commercial banking/lending experience required.
• Strong analytical and leadership skills are essential.

Responsibilities

• Manage a portfolio of problem credits and provide oversight.
• Interface with borrowers and financial advisors for repayment solutions.
• Prepare valuations for reserving and charge-off analysis.

Skills

Commercial Banking

Credit Analysis

Negotiation Skills

Leadership

Analytical Skills

Financial Statement Analysis

Education

Bachelor's degree in finance

Job description

Bring your expertise to JPMorgan Chase. 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 Vice President Special Credits Lead in Dealer Commercial Services, you will be a leader on the Special Credits Team expected to serve as a Credit Executive and manage a portfolio of marginal to adversely graded credit relationships. In this leadership role you will act with the purpose of improving the overall quality of the portfolio through negotiating satisfactory repayment/exposure management, obtaining additional collateral, and/or restructuring credit facilities. With guidance, you will be expected to structure deals appropriately within your credit authority and provide guidance and recommendations on deals outside of your credit authority. You will be expected to work independently and be a key resource concerning credit issues, bankruptcy and policy expertise. This position plays an integral role in the management of problem credits focusing on risk management and maximization of recovery on Dealer Commercial Services loans to automobile dealerships.

The Dealer Commercial Services team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our 450+ franchised retail automobile dealer group relationships. We are searching for a Special Credits Lead Credit Officer. The Special Credits Lead Credit Officer is recognized for superior commercial lending knowledge and analytical abilities. You must possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles.

Job Responsibilities

1. Manage a portfolio of problem credits and provide ongoing oversight of credit management activities across the team including guidance on policy issues, procedures and risk ratings.
2. Interface regularly with borrowers, financial advisors, and outside counsel in order to generate the best solution for repayment of credit exposure.
3. Formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity.
4. Demonstrate an expert understanding of the workout process, client engagement, negotiation strategies, and understanding of proper reporting to management according to bank policies and OCC requirements.
5. Ensure high-quality credit decisions through the completion of consistent, high-quality risk and analysis packages that adhere to regulations, policies, and procedures.
6. Prepare valuations for reserving and charge-off analysis on problem loans and support the firm's work in forecasting for non-performing loans, charge-offs, and recoveries.
7. Collaborate, build, and maintain strong partnerships across the organization.
8. Demonstrate strong leadership skills by mentoring, coaching, providing ongoing training support, and supporting the development of the Special Credits team.
9. Demonstrate the ability to prioritize multiple tasks to meet deadlines and oversee Credit Officer resources, ensure timely submission of credit packages.
10. Support the Head of Special Credits with additional responsibilities as assigned including, but not limited to, leading and contributing to special projects related to credit topics and issues.

Required qualifications, capabilities, and skills

1. Bachelor's degree in finance, accounting or related field.
2. 10+ years' commercial banking / lending experience including extensive credit experience.
3. Commercial banking / automotive captive experience, with thorough knowledge of accounting and financial statement analysis.
4. Superior analytical skills supported by excellent written and verbal communication skills.
5. Thorough knowledge of the Bank's policies and procedures, as well as its products and their inherent risks.
6. Recognized leadership capabilities and executive presence.
7. Demonstrated judgment and ability to act decisively.
8. Experienced in indirect supervision of professional level employees.

Preferred qualifications, capabilities, and skills

1. Prior experience in a Special Credits / Work out / Problem Credit role.

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

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.

Equal Opportunity Employer/Disability/Veterans

Base Pay/Salary

Chicago, IL $112,100.00 - $195,000.00 / year