JPMorgan Chase Commercial Bank – Risk Ops Analyst – ABL Operations (Chicago, IL) in Chicago, Illinois

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and 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 JPMorgan Chase & Co brands. JPMorgan Chase & committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.

Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.

The Risk Control Analyst within ABL Operations will be responsible for performing audits on new, amended and restructured transactions that are booked on the Asset Based Lending Environment (ABLE), maintain and develop departmental procedures and drive process and procedural improvements through trend analysis.


  • Perform a comprehensive review / audit of theAsset Based Lending Environment (ABLE) system deal setup comparing the legaldocumentation as the source document to the setup on ABL Operations’ loansystem of record (ABLE). This review isperformed to mitigate risk to JPMC and to limit any client impact by ensuringall terms and conditions match per the legal document.

  • Identify any control gaps and deficiencies inprocedures and processes through the formal review / audit of loanclosings. Analyze audit reporting toascertain trends in deal structure setup and make recommendations to senior ABLOperations managers.

  • Understand the Borrowing Base construct and howthe ABLE system portrays collateral and excess availability.

  • Understand all aspects of fee accounting, ABLEfee types and transactions and their impact on JPMC’s general ledger anddownstream impacts.

  • Proficient in JPMC’s flood policy, ABL floodprocedures and ABL Operations’ role in flood due diligence. Ability to read and interpret flood insurancepolicies.

  • Assist in the callback verification processwithin ABL Operations. Prepare necessarydocuments to submit to CLW for wire instruction validation. Prepare reports detailing all callbacks. Understand JPMC’s funds transfer process.

  • Assist in the semi-annual Risk Control SelfAssessment for ABL Operations. Work withboth operations and WLS Risk and Control team to gather reports necessary fortesting, prepare results and self identify any needs for further processenhancement to mitigate risk.

  • Work closely with ABL’s Controller. Track and report to Finance concessions and waiverswithin the ABL line of business.

  • Perform other projects / tasks as assigned


  • Experience: Bachelors degree in accounting /finance /general business or 5+ years of related experience preferred.

  • Knowledge: Knowledge of the asset based lending lineof business, borrowing base concepts and general commercial lendingknowledge. Knowledge of loandocumentation and fee accounting.

  • Communication: Superior communication and customerservice skills, both internally and externally focused and verbal andwritten. Ability to formulate wellthought out questions to our business partners.

  • Teamwork: Willingness to pitch in and help out forthe good of ABL Operations as a whole, supportive, helpful and respectful ofothers.

  • Technical: Knowledge of ABLE or similar loan systemsof record, familiarity with ARC / iCRD proposals, QIP application.

  • Leadership: Takes responsibility, seeks outadditional responsibilities, is highly respected by peers, and exercises soundjudgement.Demonstrates flexibility to ensure thatABL Operations delivers a world class product to its clients.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.