Private Bank Credit Operations - Associate

Posted 6 Days Ago
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Singapore
Hybrid
5-7 Years Experience
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
As a Private Bank Credit Operations Associate, you will collaborate with various teams to monitor loan portfolios, handle credit facility documentation, and support regulatory requirements. You will also implement automation initiatives and manage controls for credit risk metrics to help protect the bank from potential credit losses.
Summary Generated by Built In

Job Description
Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work closely with Lending Advisors and Credit Risk Executives to facilitate the origination of loans, monitor credit risk exposures and clients collateral portfolio, provide covenant breach reporting and is responsible for regulatory reporting and Credit Risk data analytics.
As an Associate in the Credit Platform Services team, you are responsible to monitor J.P. Morgan Wealth Management exposures (including loans, mortgages, and derivatives) secured by financial assets, such as equities, fixed income products and other asset types. You are critical to protecting the bank from potential credit losses. Working closely with the Lending Advisors and Credit Risk Executive, you are also responsible for a wide range of functions such as administration and monitoring of Wealth Management Asia credit facilities in line with corporate credit policy, review & monitoring of credit covenants, transaction approval and other special monitoring requirements.
Job responsibilities:

  • Support the underwriting team for setting up of new /renewal credit facilities in accordance to the Credit and Risk policies of the Private Bank.
  • Handle documentations which includes preparation and liaising with internal legal on documentation drafting, signature verification, scanning and filing.
  • Collaborate closely with Credit Underwriting team, Credit Executives on exception handling for credit facilities extended to Asia Private Banking clients
  • Monitor and review of the loan portfolio, regularize excesses (shortfalls) as per the Credit guidelines, regulations, credit policies and guidelines
  • Provide Controls and Management Information Support reporting for internal Credit Risk metrics including credit exposure, product analytics, threshold reporting and collateral breakdown
  • Identify, implement and manage controls initiatives with other International Private Banking primary locations i.e Geneva and Edinburgh to share best practices and coordination with India and Manila teams
  • Explore and develop automation opportunities for existing reports using Intelligent Automation tools like Alteryx, Python, Unqork and Xceptor
  • Input and maintain credit limits and other credit parameters such as cross pledges, pricing, mortgages etc. in the system
  • Drive process improvement / automation initiatives and efficiency opportunities with the Change Teams
  • Write test cases for platform testing, experienced implementing test strategies, in partnership with IT and Change teams


Required qualifications, capabilities, and skills:

  • Bachelor's degree in Business, Finance, or relevant disciplines
  • At least 5 years of relevant work experience in a middle office or control function in a financial institution
  • Demonstrated interest in financial markets and understanding of risk measure, and ability to adapt in a fast paced, dynamic and changing team environment is essential
  • Confident and outgoing personality, able to deal directly with the senior stake-holders
  • Strong solution based problem solving and analytical skills, able to add value rather than just accept the status quo
  • Must be highly disciplined, a self-starter, and can execute on assignments independently. Adaptability to learn new tasks and demonstrate a willingness to understand the details of a process.
  • Strong ability to document (or make changes) to standard operating procedures, risk documentations and policy documents associated with Operations
  • Excellent analytical and problem-solving skills, with the ability to identify and resolve complex operational issues.
  • Strong interpersonal and communication skills, with the ability to build and maintain relationships with internal and external stakeholders (partnership mindset)
  • Strong understanding of the Operations ecosystem- controls, reconciliation, documentation, and operational risk management
  • Excellent verbal and written communication skills


Preferred qualifications, capabilities, and skills:

  • Knowledge of regulatory landscape an advantage
  • Strong knowledge of automation tools like Alteryx, Xceptor, Visio a plus


About Us
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
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.
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

Top Skills

Alteryx
Python

What the Team is Saying

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The Company
HQ: New York, NY
289,097 Employees
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Year Founded: 1799

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.

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