Special Credits Director

JPMorganChase; Chicago (IL); On-site; USD 148,000 - 245,000; Full time

Job summary

JPMorgan Chase in Chicago is seeking a Special Credits Director within the Special Credits Group to manage a portfolio of stressed and distressed borrowers, focusing on risk management and maximizing recovery through early intervention and financial restructuring.

You will partner with colleagues across functions and external stakeholders to develop and execute restructuring and recovery strategies while preserving key client relationships.

Qualifications

• 7 years of experience in corporate credit risk management and/or leveraged finance.
• Experience with restructuring or leveraged finance structuring.
• Strong verbal and written communication skills.
• Ability to perform under pressure in a demanding environment.

Responsibilities

• Partner with management, lenders, advisers, and external counsel to develop and execute solutions that optimize repayment and recovery while preserving important client relationships.
• Support internal transaction teams on amendments, waivers, and restructurings involving complex legal, financial, reputational, and cross-jurisdictional considerations; coordinate with Payments and Operations partners to mitigate settlement and payment risk.
• Contribute to credit decisioning in active stressed/distressed situations, including advisory and managed engagements.
• Prepare quarterly credit surveillance updates, and support accounting and regulatory reporting for portfolio exposures.
• Develop exposure management strategies, evaluate loan sale opportunities, prepare valuations for securities and other instruments received through restructurings, and recommend trading/disposition strategies.

Skills

Credit risk management

Leveraged finance

Communication skills

Under pressure

Job description

Special Credits Director

Locations

• 8181 Communications Pkwy Ste C, Plano, TX, 75024, US
• 712 Main St, Houston, TX, 77002, US
• 10 S Dearborn St, Chicago, IL, 60603, US

Job Schedule: Full time

Base Pay/Salary: Chicago,IL $148,200.00-$245,000.00

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 Director within the Special Credits Group (SCG), you will manage a portfolio of stressed and distressed borrowers, with a focus on risk management and maximizing recovery of the firm’s credit exposure through early intervention and financial restructuring. This is a great opportunity to join a well-established team supporting Commercial & Specialized Industries. You will partner with colleagues across functions and lines of business, as well as external stakeholders, to develop and execute restructuring and recovery strategies while preserving key client relationships.

Job Responsibilities

• Partner with company management, syndicate lenders, financial advisors, and external counsel to develop and execute solutions that optimize repayment and recovery while preserving important client relationships.
• Support internal transaction teams on amendments, waivers, and restructurings involving complex legal, financial, reputational, and cross-jurisdictional considerations; coordinate with Payments and Operations partners to mitigate settlement and payment risk.
• Contribute to credit decisioning in active stressed/distressed situations, including advisory and managed engagements.
• Prepare quarterly credit surveillance updates, and support accounting and regulatory reporting for portfolio exposures.
• Develop exposure management strategies, evaluate loan sale opportunities, prepare valuations for securities and other instruments received through restructurings, and recommend trading/disposition strategies.

Required Qualifications, Capabilities, and Skills

• 7 years experience in Corporate Credit Risk Management and/or Leveraged Finance.
• Restructuring experience or leveraged finance structuring experience.
• Strong verbal and written communication skills.
• Ability to perform effectively under pressure in a demanding environment.

Preferred Qualifications, Capabilities, and Skills

• Experience with bankruptcy processes.
• Strong network across major restructuring financial advisory and legal firms.