Bring your expertise to JPMorgan Chase as a Special Credits Executive and play a pivotal role in Risk Management and Compliance, ensuring JPMorgan Chase remains strong and resilient.  You will help the firm grow responsibly by anticipating new and emerging risks and using your expert judgment to solve real-world challenges that impact our company, customers and communities. Our culture encourages thinking outside the box, challenging the status quo, and striving to be best-in-class.

Job summary

As a Special Credits Executive – Managing Director within Asset and Wealth Management Credit Risk team, you will play a significant role in managing risk and supporting the global lending practice.  As the AWM Global Head of Special Credits, you will lead a team of Special Credits Executives in managing problem credit portfolios across various markets, including the United States, EMEA, Asia, and Latin America.

 

Job responsibilities

 

Lead and mentor a team of experienced special credit officers, overseeing their management of problem credit portfolios. Approve credit risk ratings and resolution strategies for high-risk credit exposures. Navigate complex problem loan restructurings, bankruptcies, and enforcement proceedings. Develop a thorough understanding of the firm’s risk management and control policies and guidelines to ensure compliance and support effective decision-making. Collaborate closely with internal and external legal counsel to maximize recovery on distressed assets and mitigate potential liability. Conduct quarterly credit surveillance meetings and challenge strategies, risk ratings and reserve recommendations. Approve asset-specific reserve recommendations and ensure compliance with relevant accounting policies. Collaborate with senior credit risk leadership in establishing quarterly qualitative reserves. Mentor junior credit officers and analysts through lessons-learned sessions. Oversee and facilitate ad hoc risk-related projects and workflows. Communicate proactively on newly identified problem credit exposures and escalate potential credit cost items to the respective markets.

 

 

Required qualifications, capabilities and skills

 

Master’s or Bachelor’s degree required. 10+ years in a similar banking or credit approval role with a track record of exceeding performance expectations. Highly organized, motivated and hard working with exceptional communication skills, both written and verbal Outstanding professional reputation and integrity. Strong leadership skills with experience in training and managing a team. Expertise in loan structuring, complex finance structures, negotiating, credit analysis and portfolio management, with experience synthesizing information, developing recommendations, making decisions and problem-solving. Deep understanding of creditor rights and enforcement strategies.  Considerable experience working with attorneys on enforcement and bankruptcy litigation. Knowledge of lien perfection and priority, including but not limited to real property, accounts, aircraft, boats, automobiles, life insurance, and cash and marketable securities.