JPMorgan Chase CCB Risk - Auto Finance - Dealer Commercial Services - Underwriting, Associate in Chicago, Illinois
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk Function
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others
The Chase Dealer Commercial Services Group is a commercial lending unit of Chase Auto Finance and lends primarily to auto dealerships. Chase DCS is the largest bank-owned floor plan lender in the country.
As an Underwriter in Dealer Commercial Services, your primary role is to take ownership of your portfolio and to utilize excellent credit skills to work independently on the portfolio of relationships assigned to you. You will appropriately assess the risk in your portfolio, diligently managing the portfolio (i.e. renewals, modifications, managing the credit metrics), and meeting customer deadlines. You will be a partner to the Bankers in the Market, striving to balance sales and credit quality goals. You will be looked to as an expert on structuring and Credit Policy and will be the go to person for the Bankers. You will be looked upon as a leader both within and outside of Underwriting; you will provide depth to the local credit leadership team and serve as a mentor to less experienced underwriters and bankers.
Responsibilities include but are not limited to:
Taking ownership of your portfolio, acting with a sense of urgency, doing whatever it takes to effectively get the job done.
Utilizing excellent credit skills to author well thought out and concise analysis of DCS relationships using appropriate structure and identifying key risks.
Work in partnership with the Bankers to develop fulsome Client relationships including being looked to as the go to person when the banker is out.
Working proactively, in a constructive, diplomatic manner, with both internal and external contacts to keep transactions moving.
Demonstrating excellent communication skills both internally and externally and using those communication skills to effectively solve problems.
The ability and courage to voice your opinion in a clear, concise manner and to defend that position with Management.
Assigned to the largest and most-complex relationships
BA/ BBA/MBA, completion of a major corporate bank credit training program (or the equivalent corporate banking / corporate finance experience)
Typically a minimum of 3 plus years in commercial banking / lending experience which might include credit, structuring and marketing.
Possesses significant accounting and finance knowledge, and commercial banking experience.
Demonstrated superior verbal and written skills, interpersonal skills, and analytical, problem solving skills.
Ability to mentor more junior underwriters.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.