Quality Control Manager ABL Collateral

Posted 3 Hours Ago
Be an Early Applicant
Chicago, IL, USA
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Manage quality reviews for asset-based lending collateral by evaluating documentation, identifying inconsistencies with borrowing base certificates, ensuring exception and control reporting is actioned, adhering to policies and KPIs, and collaborating with Operations, Credit, and Controls to resolve issues and prepare reports.
Summary Generated by Built In

Help protect the quality and integrity of our wholesale lending operations by strengthening controls that support evolving products and processes. You’ll build deep expertise in reviewing complex credit facilities and the supporting documentation that underpins them. You’ll partner closely with operations, credit, and control partners while developing a strong reputation for sound judgment and objective decision-making. This role offers meaningful visibility through exception and control reporting and opportunities to expand your scope as the business evolves.

 

As a Quality Control Manager in ABL Collateral, you will be part of a team responsible for supporting an evolving landscape of new operational controls and product complexities. Wholesale Lending Services’ goal is to provide best in class products and services to our clients that are of the highest level of quality.  To meet these standards, as the QC Manager you will be responsible for the delivery of quality reviews on the system of record for new or existing credit facilities.  

 

Job Responsibilities:

  • Evaluate, identify, and report any inconsistences between the supporting documentation relative to the borrowing base certificate entered in accordance with internal process and procedures.

  • Ensure exception reporting is reviewed and actioned timely 

  • Ensure control reporting is reviewed and actioned timely 

  • Adhere to policies, procedures, processes, and Key Performance Indicators
  • Collaborate with Operations, Credit, and Controls in resolving items and preparing weekly ad hoc reports when requested

Required Qualifications, Capabilities, and Skills:

  • Experience reading and interpreting loan documentation, client financial documentation, and borrowing base certificates.

  • Experience in reading general ledgers, accounts receivable/payable and inventory 

  • Understanding of the Asset Based Lending product 

  • Ability to identify client ineligibles and calculate ineligibles based on rules outlined in the credit agreement. 

  • Demonstrate decision-making skills
  • Strong oral and written communication skills
  • Analytical mindset with the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity
  • Ability to prioritize tasks and pivot in response to new developments

 

Preferred Qualifications, Capabilities, and Skills:

  • Bachelor’s Degree 

  • Intermediate use of Microsoft Word, Excel, Access

  • Experience with loan accounting systems, such as LoanIQ, Dealworks, Aurora, ACE/collateral systems

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We 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

About the Team
J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Commercial Banking provides credit and financing, treasury and payment services, international banking and real estate services to clients—including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations.

Skills Required

  • Experience reading and interpreting loan documentation, client financial documentation, and borrowing base certificates
  • Experience reading general ledgers, accounts receivable/payable and inventory
  • Understanding of the Asset Based Lending product
  • Ability to identify client ineligibles and calculate ineligibles based on credit agreement rules
  • Demonstrated decision-making skills
  • Strong oral and written communication skills
  • Analytical mindset with ability to probe sensitive issues while maintaining integrity and objectivity
  • Ability to prioritize tasks and pivot in response to new developments
  • Bachelor's Degree
  • Intermediate use of Microsoft Word, Excel, Access
  • Experience with loan accounting systems such as LoanIQ, Dealworks, Aurora, ACE/collateral systems

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 comprehensive, with on-site clinics, preventive care, and specialized supports such as maternity nurse guidance and fertility treatments. Wellness activities can help offset copays and out-of-pocket costs, reinforcing the perceived strength of health benefits.
  • Retirement Support A 401(k) with dollar-for-dollar matching and additional automatic pay credits reflect strong employer-backed retirement savings. An employee stock purchase plan and related financial programs further bolster long-term financial support.
  • Leave & Time Off Breadth Paid time off, sick time, holidays, and generous parental leave are provided alongside family medical leave and adoption/fertility assistance. Additional programs like caregiver support and volunteer time off expand the breadth of time-away options.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
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.

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.

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