Special Credits Director - Commercial Solutions Risk Management - Executive Director

JP Morgan Chase; Columbus (OH); On-site; USD 180,000 - 240,000; Full time

Job summary

JP Morgan Chase in Columbus, OH, seeks a Special Credits Director for the Commercial Solutions team. You will lead a team of Special Credits Officers managing distressed credits, shaping strategies, and reporting to senior leadership on workout actions and recovery plans.

The role requires deep experience in commercial lending, strong analytical judgment, and the ability to mentor staff while coordinating with banking partners, borrowers, and counsel to optimize risk and recoveries.

Qualifications

• Bachelor's degree in finance or accounting or related field.
• 10+ years' commercial banking / lending experience.
• Experience in asset-based lending and automotive sectors.
• Strong analytical, written and verbal communication.
• Knowledge of bank policies and risk management.

Responsibilities

• Lead a team of Special Credits Officers who formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity.
• Interface with the banking team, borrowers, financial advisors, and outside counsel to generate optimal repayment solutions.
• Demonstrate expert understanding of workout processes, client engagement, negotiation strategies, and proper reporting to management.
• Own Credit Surveillance process, accounting and regulatory reporting on portfolio names, including reserving and charge-off analysis.
• Collaborate, build, and maintain strong partnerships across the organization.
• Mentor, coach, train, and develop the Special Credits team.
• Prioritize tasks to meet deadlines and oversee Credit Officer resources and credit packages.

Skills

Strategic leadership

Analytical skills

Negotiation

Excellent communication

Team mentorship

Education

Bachelor's degree in finance or accounting

Job description

The Commercial Solutions team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our franchised retail automobile dealer group relationships. We are looking for a Special Credits Director known for deep commercial lending expertise, rigorous analytical judgment, and success managing and developing teams. You must possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles.

As a Special Credits Director in the Special Credits Group in Commercial Solutions, you will provide strategic leadership to a team of Special Credits Officers that manage a portfolio of stressed and distressed credits, and guide the 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 be a key resource concerning credit issues, bankruptcy and policy expertise. You will also play an integral role in the management of problem credits focusing on risk management and maximization of recovery on Commercial Solutions loans to automobile dealerships. This is an exciting opportunity for you to join and lead a dynamic Special Credits team within Commercial Solutions and work alongside a team of talented colleagues.

Job Responsibilities:

• Lead a team of Special Credits Officers who formulate strategies and present recommendations to internal and senior management on distressed situations in either an advisory or managed capacity.
• Interface regularly with the banking team, borrowers, financial advisors, and outside counsel in order to generate the best solution for repayment of credit exposure.
• 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.
• Own the Credit Surveillance process, 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.
• Prioritize multiple tasks to meet deadlines and oversee Credit Officer resources, ensuring timely submission of credit packages.

Required qualifications, capabilities, and skills:

• Bachelor's degree in finance or accounting or related field
• 10+ years' commercial banking / lending experience including extensive commercial credit experience.
• Commercial banking / asset-based lending/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 independently with minimal supervision.
• Recognized leadership capacities and executive presence.
• Experience in supervision of employees.
• Demonstrated judgment and ability to act decisively.

Preferred qualifications, capabilities, and skills:

• Prior experience in Special Credits/Work Out/Problem Credit role
• MBA or advanced degree preferred