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

J.P. Morgan; Columbus (OH); On-site; USD 90,000 - 120,000; Full time

Job summary

Join a leading financial institution as a Special Credits Officer, managing distressed credits and advising on credit issues. This role is pivotal in improving portfolio quality through negotiation and strategic recommendations, collaborating with a talented team in Dealer Commercial Services.

Qualifications

• At least 6 years commercial banking / lending experience.
• Thorough knowledge of accounting and financial statement analysis.

Responsibilities

• Manage a portfolio of problem credits and oversee credit management activities.
• Interface with borrowers and financial advisors for credit repayment solutions.
• Prepare quarterly Credit Surveillance Reports and regulatory reporting.

Skills

Analytical Skills

Communication

Leadership

Education

Bachelor's degree in finance

Bachelor's degree in accounting

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 Special Credits Officer for the Special Credits Group in Dealer Commercial Services, you will play a pivotal role in managing a portfolio of stressed and distressed credits and advising the credit team on deteriorating credits.In this 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.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. This is an exciting opportunity for you to join a dynamic Special Credits team within Dealer Commercial Services and work alongside a team of talented colleagues.

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

• 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
• Interface regularly with borrowers, financial advisors, and outside counsel in order to generate the best solution for repayment of credit exposure
• Formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity
• 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
• Ensure high-quality credit decisions through the completion of consistent, high-quality risk and analysis packages that adhere to regulations, policies, and procedure
• Prepare quarterly Credit Surveillance Reports, accounting and regulatory reporting on portfolio names. This includes valuations for reserving and charge-off analysis on problem loans and support of the firm’s work in forecasting for non-performing loans, charge-offs, and recoveries.
• Collaborate, build, and maintain strong partnerships across the organization
• Demonstrate strong leadership skills by mentoring, coaching, providing ongoing training support, and supporting the development of the Special Credits team
• Demonstrate theability to prioritize multiple tasks to meet deadlines and oversee Credit Officer resources, ensure timely submission of credit packages

Required qualifications, capabilities, and skills

• Bachelor's degree in finance, accounting or related field.
• At least 6 years commercial banking / lending experience including extensive credit experience.
• Commercial banking / automotive captive experience, with thorough knowledge of accounting and financial statement analysis.
• Superior analytical skills supported by excellent written and verbal communication skills.
• Thorough knowledge of the Bank's policies and procedures, as well as its products and their inherent risks.
• Ability to work well under pressure in a demanding environment.
• Recognized leadership capabilities and executive presence.
• Demonstrated judgment and ability to act decisively.
  

Preferred qualifications, capabilities, and skills

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