As a Commercial Bank – Special Credits Officer (SCO) within Risk Management and Compliance, you will focus on risk-management and maximizing the recovery on JPMC’s problem middle market loan portfolio. In addition to the management of loans, you will play a key role in advising on lower rated credits, making recommendations to maximize recovery on loans and helping to mitigate risk by working with bankers and risk officers.
Job Responsibilities
- Manage and advise on a portfolio of lower rated commercial loans.
- Analyze situations and make recommendation to management on appropriate strategies.
- Work closely with line and risk officers to implement the best outcome for the firm.
- Recommend Asset Specific Reserves (ASR) and Charge Offs on non-performing loans.
Required qualifications, capabilities and skills
- Bachelor’s degree.
- Minimum 10 years of professional experience related to risk management and the handling of commercial loans.
- Strong, clear, and concise verbal and written communication skills.
- High degree of initiative, self-direction and ability to work well under pressure in a demanding environment.
- Ability to work with attorneys and outside turnaround consultants as part of the workout process.
Preferred qualifications, capabilities and skills
- Prior experience in negotiating complex transactions.
- Prior experience in dealing with bank groups and other credit providers.