Wealth Management - Private Bank – Letters of Credit, Firm Specialist, VP
JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2.7 trillion, over 240,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking, Commercial Banking and Consumer and Community Banking.
J.P. Morgan Asset & Wealth Management, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
J.P. Morgan Private Bank advises the world’s wealthiest families and helps them achieve their desired goals. Our teams of Advisors deliver advice, solutions and services across investments, wealth planning, credit and banking to help clients build, preserve and manage their wealth over time.
As apart of the Firm Management (FM) team, we offer tailored liquidity solutions on behalf of asset managers, including Professional Loan Programs, Subscription Facilities, Management Company Solutions, and standby letters of credit services, collectively “Institutional Product Suite”. This role will work closely with key stakeholders across the Firm — such as Private Bankers, Lending Specialists, Credit Risk, Underwriters, Loan Servicing, Legal and department managers — as part of a highly collaborative team.
Primary Function:
- Support the Lender with new Institutional Product Suite origination
- This role will focus primarily on the issuance and maintenance of standby letters of credit
- Structure and implement customized loan programs for asset managers.
- Communicate directly with clients, private bankers and lenders, underwriters, legal counsel, credit risk and loan closing teams throughout the program development process.
- Develop and prepare program term sheets and due diligence needs lists, as well as review and understand entity documentation, loan documents, financial statements and credit approval memos.
- Assist the underwriters by obtaining all necessary documentation from the client, and help respond to any underwriting or credit risk questions.
- Partner with lender and legal counsel on document negotiations and oversee the approval and rollout of new programs.
- Portfolio Management
- Effectively oversee and support the management of a portfolio of existing Institutional Product Suite.
- Communicate directly with clients and serve as primary point of contact for standby letters of credit.
- Manage existing relationships, including program modifications and credit reviews,
- On an annual basis, conduct a program review for each firm and suggest enhancements to improve efficiencies.
- Liaise with the Lender and assist with transactional questions and/or process improvements.
- General
- Analyze and report common client requests and regularly update senior management.
- Suggest enhancements to processes and procedures in order to improve efficiency.
Qualifications:
7+ years of experience in Wealth Management or Banking preferred
A Bachelor’s Degree
- Demonstrated ability for sales and client relationship management
Strong communication, decision-making and interpersonal skills
Excellent organizational and time-management skills and attention to detail
Aptitude to take initiative and be proactive to help provide leverage for the team; confidence executing projects with limited supervision
Experience using Microsoft Office programs including Excel, PowerPoint and Adobe PDF
J.P. Morgan offers an exceptional benefits program and a highly competitive compensation package
J.P. Morgan is an Equal Opportunity and Affirmative Action Employer, M/F/D/V
Learn more about J.P. Morgan Private Bank & our capabilities in the meantime at: https://am.jpmorgan.com/private-bank/public/gl/en/home
About UsWe offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Skills Required
- 7+ years of experience in Wealth Management or Banking
- Bachelor's Degree
- Demonstrated ability for sales and client relationship management
- Strong communication, decision-making and interpersonal skills
- Excellent organizational and time-management skills and attention to detail
- Aptitude to take initiative and execute projects with limited supervision
- Experience using Microsoft Office programs including Excel, PowerPoint and Adobe PDF/Acrobat
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
-
Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
-
Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
-
Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, 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. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
Gallery
