JPMorgan Chase Commercial Bank Risk -MMBSI Healthcare Services Credit Risk Associate in New York, New York
The position is in Middle Market Banking and Specialized Industries' organization with a particular focus on Healthcare Services (\"HCS\") industry clients with revenues between $20mm and $500mm. The HCS underwriting team is responsible for the credit risk management of clients in the innovation economy with a specific focus on the healthcare and healthcare IT sectors. Clients in each of these sectors are active users of traditional commercial banking services and investment banking products and covered by dedicated bankers dispersed throughout the US. These innovation economy industry verticals are high profile expansion markets that offer underwriters an opportunity to work on a high volume of transactions, in a fast paced and rapidly growing segment of the Commercial Bank.
The Associate is the primary credit risk manager for a portfolio of Middle Market Banking Healthcare Services industry clients and transactions. In this capacity, the Associate works in partnership with a team of HCS bankers and product partners to risk grade borrowers, analyze and approve credit requests, structure credit facilities, and negotiate credit agreements and other loan documentation. The Associate is also responsible for on-going monitoring and risk management of an assigned portfolio of credit clients. To be successful, this individual needs to develop a broad and deep understanding of the business, financial, competitive, and industry risks faced by clients in the assigned portfolio. The Associate will report to the HCS Group Credit Risk Director and be supported in his/her day to day work by a dedicated team of Analysts and fellow Underwriters that report to the same Credit Risk Director. The Associate will be expected to play an important role in mentoring and developing junior talent to enhance the performance of the broader team. The position is "client facing" and domestic travel will be required from time to time.
- Risk Assessment
Identify the key risk factors associated with clients, transactions, and industry sub-sectors across an assigned portfolio
Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, competitive threats, and industry and other factors
Lead and/or participate in client due diligence meetings as necessary
Attend client, bank, and other meetings to develop a better understanding of client companies, management teams, and industry sectors
Use financial models to incorporate the impact of forward-looking risk assessment on key value drivers
Develop and recommend appropriate credit structures relative to risk assessment
- Credit Approval Process
Apply corporate finance and accounting expertise to develop appropriate financing structures
Prepare credit approval materials, ensure all credit risk policies are followed, and present and recommend credits for approval at the appropriate level
Analyze and negotiate covenants and other terms and conditions as part of a deal team
Review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval
- Portfolio Management
Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis
Ensure risk ratings are accurate and reflect a current forward-looking view of the client
Provide early identification and proactive management of deteriorating credits and other problem situations
Analyze, prepare, and present for approval all required waivers, amendments, and extensions
Prepare and present semi-annual portfolio review material to senior management
Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process
Work closely with PMAs/Credit Assistants to ensure accuracy of credit system data
Assist Credit Risk Director in training and developing analysts
• - Superior credit, lending, negotiation, loan documentation, and financial modeling skills
• - Strong interpersonal and communication skills
• - Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction
• - Completion of a major commercial/investment bank credit training program or equivalent experience, and a thorough understanding of bank credit policies and procedures
• - Minimum of Associate: 3-4 years of commercial/investment banking lending experience including extensive credit, structuring, and marketing. Experience working with innovation economy industry clients is preferred
• - BA/BS degree is required, MBA is a plusJPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
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