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Wealth Management, Securities Based Lending Team, Analyst
May 17, 2019
J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, 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.
Securities Based Lending Team (SBL) is Wealth Management's center of excellence for underwriting loans that are fully secured by marketable securities. SBL is part of the Credit Middle Office team for JPMorgan Private Bank (PB). The team works closely with Bankers, Investors, Credit Executives and Lending Advisors to deliver excellent client service for all securities based lending requests for clients of the Private Bank's Ultra High Net Worth market teams.
The role involves analyzing, negotiating, pricing and documenting lines of credit, including standby letters of credit. The team will also review other transactions that have an element of credit risk (including derivatives such as equity collars and interest rate swaps).
Key Team Responsibilities:
Interact with internal partners (Bankers, Investors, Lending Advisors, Credit Executives and Credit Operations) to deliver the best fully secured credit product solution with a sound credit structure.
Maintain a consistently high level of awareness around any potential credit issues. Proactively resolve exceptions, including but not limited to margin call situations, past review facilities, past due principal/interest and documentation exceptions.
Take into account the risk/reward proposition when negotiating loan rates with Bankers and must employ a discipline around loan pricing and structure.
Prepare credit memos which should completely outline the proposed credit structure including accurate risk rating assessment and any potential collateral issues (e.g. security concentrations).
Ensure follow up on all relevant open items and transactional issues, e.g. documentation, covenants, collateral shortfalls etc.
Ensure all new credit requests and annual reviews are completed in a timely fashion in compliance to any cross border and regulatory requirements.
Pipeline management and drive other credit initiatives
Degree in finance or related field
1-3 years of Private Banking credit risk or lending experience
Knowledge and/or experience of underwriting, lending value analysis, KYC and cross border issues
Good understanding of PB credit products, financial markets and securities industry
Sound business judgment and risk sensitivity
High level analytical skills - able to use qualitative and quantitative tools to analyze complex financial situations
Strong communication (written/verbal) and interpersonal skills
High level of attention to details in order to ensure all work adheres to credit policy
Teamwork ethic and focus; ability to work under pressure and meet deadlines
Good organizational skills and ability to work with minimal supervision
Track record in working with teams from various markets/countries
Proficiency in Excel, Word and PowerPoint
Fluency in English. Mandarin or Cantonese language skills would be a strong plus
Knowledge and experience of systems such as Bloomberg is advantageous
Internal Number: 5878827
About J.P. Morgan
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