Risk Management - Insurance - Credit Risk Vice President

Testing Site - JPMC; New York (NY); On-site; USD 180,000 - 300,000; Full time

Job summary

JPMorgan Chase is seeking a Vice President on the Insurance team within Risk Management and Compliance. You will make and support credit decisions for a diverse insurance portfolio, manage exposure to insurance companies and related financial institutions, and lead risk assessment with cross-functional teamwork across the firm.

The role demands deep knowledge of insurance credit analysis, GAAP/statutory accounting, and strong communication with bankers, legal, and finance.

Qualifications

• Bachelor's Degree required.
• 7+ years of credit risk experience within a bank or financial services entity.
• Highly proficient in insurance company credit analysis.
• Knowledge of GAAP and statutory accounting and financial statement analysis.
• Deep understanding of financial products, corporate finance and market dynamics.
• Experience negotiating loan and trading documentation.
• Outstanding verbal and written communication skills; client interaction.
• Proficient in Excel, PowerPoint and Word.

Responsibilities

• Manage exposure to a client base consisting of North American Life, Property & Casualty, Reinsurance, Brokers and related financial institutions.
• Lead due diligence and risk grading of portfolio; evaluate and action credit requests and ongoing monitoring.
• Demonstrate sound credit judgement and risk monitoring across lines of business and credit teams.
• Manage daily risk demands of portfolio, evaluating and executing transactions for insurers and similar institutions.
• Oversee transaction execution: client analysis, credit materials, negotiations, credit facilities setup and monitoring.
• Maintain strong relationships with colleagues across the firm and with bankers, legal and finance.
• Monitor clients and inform stakeholders of developments affecting credit ratings.
• Stay informed on evolving economic, regulatory environment affecting insurance sector.
• Provide leadership and contribute to process improvements; mentor junior officers.

Skills

7+ years credit risk

Insurance credit analysis

GAAP/statutory accounting knowledge

Financial products understanding

Loan/trading documentation

Verbal/written communication

MS Excel/PowerPoint/Word

Education

Bachelor's degree

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 on the Insurance team, you will leverage your analytical abilities and industry knowledge to make and support credit decisions for a diverse portfolio of clients. You will manage exposure to a variety of insurance companies and related financial institutions, demonstrate sound credit judgement, and build strong relationships across the firm.

Job Responsibilities

• Manage exposure to a client base consisting of North American Life, Property & Casualty, Reinsurance, Brokers and other related financial institutions
• Lead the due diligence and risk grading of your portfolio; evaluate and action credit requests, risk grading, and on-going monitoring and management of a diverse portfolio of risk including traditional credit products, markets products (derivatives, trading, and financing), intraday liquidity facilities, and other credit exposures
• Demonstrate sound credit judgement and effective risk monitoring through collaboration across multiple lines of business and credit teams
• Manage the daily risk demands of a portfolio of clients, evaluating and executing on a variety of transactions for insurance companies and similar financial institutions
• Oversee transaction execution, including client analysis, preparation of credit approval materials, lead discussions with bankers, legal documentation negotiation, setup of credit facilities and ongoing monitoring of clients post transaction approval
• Build strong relationships and maintain open communication channels with colleagues across the firm, including bankers, operations, legal, and finance
• Monitor clients and update key stakeholders on important developments with regard to clients or industry and potential impact on credit ratings
• Stay informed about the evolving economic, legislative, and regulatory environment that impacts the insurance sector
• Provide leadership and input into key projects and contribute to process and efficiency improvement initiatives
• Manage, train and mentor the team’s junior credit officers, fostering their development and growth

Required Qualifications, Capabilities and Skills

• Bachelor's Degree required
• 7+ years of credit risk experience within a bank or other financial services entity
• Highly proficient in insurance company credit analysis
• Knowledge of GAAP and statutory accounting: ability to analyze financial statements
• Deep understanding of financial products, corporate finance and market dynamics
• Experience negotiating loan and trading documentation
• Outstanding verbal and written communication skills; strong client interaction abilities
• Proven ability to perform well under pressure in a demanding environment
• Highly proficient in Excel, PowerPoint and Word

Preferred Qualifications, Capabilities and Skills

• Completion of a bank’s formal credit training program
• Advanced degree (MA, MBA, CFA) preferred
• Corporate finance and accounting coursework