Wealth Management, Private Bank, PLP Borrower Specialist, Analyst

JPMorganChase; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

JPMorgan Chase & Co. is seeking a PLP Borrower Specialist in Wealth Management's Private Bank in New York.

You will be the main client contact for onboarding to the Professional Loan Program, coordinate KYC due diligence, and collaborate with Middle Office and external parties to ensure smooth deal progression and closing. You will own the loan portfolio while handling covenant tracking, capital calls, distributions, and potential loan modifications.

Qualifications

• 2 years of experience in Wealth Management or Banking.
• A Bachelor's Degree.
• Demonstrated ability for sales and client relationship management.
• Strong communication, decision-making and interpersonal skills.
• Excellent organizational and time-management skills and attention to detail.
• Aptitude to take initiative and be proactive to help provide leverage for the team; confidence executing projects with limited supervision.
• Experience using Microsoft Office programs including Excel, PowerPoint and Adobe PDF.

Responsibilities

• Be the new client's main contact, introduce the Professional Loan Program, send welcome letters, manage application, and coordinate onboarding including KYC due diligence.
• Partner with clients, internal Middle Office teams, and third parties to manage deal progression and closing for an excellent client experience.
• Own the existing loan portfolio while performing sales and credit management tasks such as covenant/deadline tracking, capital calls, distributions, and modifications.
• Assist Private Bankers and Integrated Team Members with relationship management and deepening efforts for PLP clients.
• Collaborate with the Lending Advisor on research inquiries and reporting tasks.
• Identify potential business opportunities for clients to engage in additional products and services.

Skills

Wealth management

Sales experience

Client relationship mgmt

Time management

Communication skills

Education

Bachelor's Degree

Tools

Microsoft Office

Excel

PowerPoint

Adobe PDF

Job description

Wealth Management - Private Bank - PLP Borrower Specialist

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.7 trillion, over 240,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.

Job Description

JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.7 trillion, over 240,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.

J.P. Morgan Asset & Wealth Management, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

J.P. Morgan Private Bank advises the world's wealthiest families and helps them achieve their desired goals. Our teams of Advisors deliver advice, solutions and services across investments, wealth planning, credit and banking to help clients build, preserve and manage their wealth over time.

As apart of the Professional Loan Program (PLP) team, we offer tailored loan programs to employees of our private equity clients, to enable them to personally co-invest in the funds being managed by their firms. We also use the PLP to offer loans or lines of credit to new partners at professional service firms to finance their partnership equity purchases.

Job Responsibilities

• As the new client's main point on contact, you will be responsible for introducing the Professional Loan Program by sending a customized Program Welcome Letter, sending application, collecting and reviewing information for underwriting, and collaborating with internal teams to complete onboarding, including Know Your Client (“KYC”) due diligence.
• Partner directly with clients, internal Middle Office teams and required third parties (Family office representatives, notaries, couriers, and borrowers counsel) to manage deal progression and closing ensuring an overall excellent client experience.
• Act as primary owner of the existing loan portfolio while performing various aspects of sales and credit management:
  • Proactively manage upcoming covenant and annual review deadlines to collect information from clients in a timely manner to prevent past dues.
  • Work closely with our counterparts on capital calls & distributions and serve as a primary point of contact for client's program related questions and potential modification requests (e.g., loan increases).
  • Own escalations and collaborate directly with the Client Service Groups to resolve credit related service inquiries.
  • Maintain client interaction reports across the Professional Loan Program (PLP) portfolio.
• Assist Private Bankers and other Integrated Team Members with the relationship management and relationship deepening efforts for Professional Loan Program clients.
• Collaborate with the Lending Advisor on various research inquiries and reporting tasks.
• Business Development - review and identify potential business opportunities for clients to engage in additional products and services.

Required Qualifications, Skills, And Capabilities

• 2 years of experience in Wealth Management or Banking
• A Bachelor's Degree
• Demonstrated ability for sales and client relationship management
• Strong communication, decision-making and interpersonal skills
• Excellent organizational and time-management skills and attention to detail
• Aptitude to take initiative and be proactive to help provide leverage for the team; confidence executing projects with limited supervision
• Experience using Microsoft Office programs including Excel, PowerPoint and Adobe PDF

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

• comprehensive health care coverage
• on-site health and wellness centers
• retirement savings plan
• backup childcare
• tuition reimbursement
• mental health support
• financial coaching
• more

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About The Team

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.