JPMorgan Chase CIB Credit Risk Management - Financial Institutions Group - Insurance Industry - Analyst in New York, New York
JPMorgan Chase is a leading global financial services firm with assets of $2.5 trillion and operations in more than 60 countries. The firm is a leader in investment banking, commercial banking, financial services for small business and consumers, financial transaction processing, asset management and private equity.
Within the CIB, Credit Risk Management is responsible for managing credit exposure generated by lending, trading, cash management and other activities. The group is organized by geography with teams aligned by industry. CIB Credit Risk Managers lead the client credit relationship in partnership with CIB Coverage, Global Corporate Banking, Investment Grade & Leveraged Finance, Securitized Products, Sales & Trading, Treasury & Security Services and Legal.
The Insurance Credit Risk Team manages exposure to a client base comprised of industry leaders in the North American property and causality, life, reinsurance and insurance broker industries. New members joining the team develop the analytical skills necessary for assessing clients within these industries and for reviewing the structure of J.P. Morgan’s financing or trading activity with those clients.
Analysts are assigned to cover a portfolio of clients on an ongoing basis with primary responsibility for performing credit analysis and client exposure management. Specific duties include:
Preparing and presenting credit approval memos in connection with transactions and annual reviews, by:
Performing financial analysis including stress testing, projections and peer comparisons
Assessing creditworthiness of clients and recommending appropriate credit ratings
Describing the structure and terms of products and analyzing related risk metrics
Participating in on-site or telephonic client diligence meetings
Timely execution and processing of transactions in credit systems by coordinating with middle office and business partners
Monitoring, investigating and escalating risk metrics associated with client activity
Preparing and presenting portfolio reviews to senior credit executives and business partners
Maintaining updated industry and client research
Corporate finance and accounting coursework
Strong sense of accountability and ownership of tasks and issues
Analytical and inquisitive mindset; competent with numbers
Outstanding verbal and written communication skills
Capable of understanding, describing and debating complex concepts
Ability to perform well under pressure in a demanding environment
Highly proficient in Excel, PowerPoint and Word software
Professional work experience in financial services (investment banking or similar) preferred
Credit risk experience preferred
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.