JPMorgan Chase Commercial Banking – Wholesale Lending Services – Operations Manager - Credit Compliance Quality Control Manager – Officer in Chicago, Illinois
Commercial Banking – Wholesale Lending Services – Operations Manager - Credit Compliance Quality Control Manager – Officer –
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, 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 worlds most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as fully paid parental leave time, health care insurance and retirement benefits.
Commercial Banking (CB) serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
Wholesale Lending Services (WLS) exists within the Commercial Bank and provides a broad array of syndicated and bi-lateral loan servicing support to the Firm’s Wholesale Lending Businesses. These functions include Loan Documentation Prep & Coordination, Credit Administration, Deal Closing/Funding, Credit Compliance Monitoring, Agent and Non-Agent Loan Servicing, Trade processing, and Collateral Perfection/ Management.
Credit Monitoring sits within the WLS Middle Office and provides Credit Compliance Monitoring for the Commercial and Business Banking Loan Portfolios. This includes Covenant Document Tracking, Financial Covenant Monitoring, Borrowing Base Monitoring, and Security Valuation Monitoring and related reporting.
The Operations Manager will be responsible for managing a the team responsible for providing Quality Control Oversight for Credit Monitoring activities performed by the Credit Monitoring Specialists in the Credit Monitoring Center of Excellence.
Partner with WLS management, WLS Risk & Control and LOB partners to deliver and continually enhance a quality control program for the Credit Monitoring function
Lead and manage a staff of Credit Compliance Quality Review Specialists responsible for review and re-performance of the work performed to monitor customers’ compliance with loan agreements
Ensure well defined structure and process for reporting and communication of issues & error trends, including correction, escalation and reporting
Work in conjunction with the other members and management of Credit Monitoring to perform root cause analysis and drive process and/or system enhancement to continue to ensure high quality results
Lead oversight and coordination for continuous improvement opportunities identified from quality control reviews including, but not limited to, process and procedure improvement, training and communication, individual performance management feedback and team and LOB partner feedback forums
Develop and continually refine quality control reporting and analytics
Explore opportunities to increase team productivity through automation tools, process streamlining, standardization and continuous improvement methodologies
Partner with staff across Credit Administration to incorporate feedback, promote quality discipline and organizational cultural acceptance of the quality framework
Provide advice and expertise on quality control design, testing and MIS
Lead, or participate in, projects related to quality improvement
Bachelor’s degree in Accounting, Finance, or Business related field, MBA a Plus
3-5 years of management experience preferred
5 years financial services experience with a minimum of 3 years of quality control, quality assurance or audit experience and 3 years management / supervisory experience
Demonstrated knowledge of quality assurance testing methodologies
Ability to read and interpret complex legal agreements to identify a variety of covenants
Knowledge of financial documents including financial statements, accounts receivable and inventory reports, etc. with ability to identify inadequacies and irregularities
High level of accounting knowledge to interpret/analyze the impact of different accounting policies and statement formats on financial covenant calculations
Demonstrated ability to interact and communicate (both written and verbal) effectively to multiple levels of management
Strong influencing, negotiation and relationship management skills
Strong analytical skills, ability to isolate root cause and drive items to conclusion
Ability to lead, challenge and adopt a changing business landscape
Proficient in Microsoft Office
Knowledge of the Firm’s or similar financial institution’s Credit Policy preferred
Experience with related credit systems such as CLASS, LoanIQ, ACBS, ARC/iCRD, Deal Works, Apstar, etc.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.