JPMorgan Chase Commercial Bank Risk - Middle Market - Underwriting Sr Associate in New York, New York

The position is in Middle Market Banking and Specialized Industries’ organization with a particular focus on Technology

industry clients with revenues between $20mm and $500mm. The Technology underwriting team is responsible for the credit

risk management of clients in the Technology industry with specific focus on the software, hardware/systems, internet and IT services sectors.

Clients in each of these sectors are active users of traditional commercial banking services and investment banking products and covered by dedicated

bankers dispersed throughout the US. These Technology industry verticals are high profile expansion markets that offer

underwriters an opportunity to work on a high volume of transactions, in a fast paced and rapidly growing segment of the

Commercial Bank.

The Underwriting Senior Associate is the primary credit risk manager for a portfolio of Middle Market Banking Technology industry

clients and transactions. In this capacity, the Underwriting Senior Associate works in partnership with a team of Technology bankers

and product partners to risk grade borrowers, analyze and approve credit requests, structure credit facilities, and

negotiate credit agreements and other loan documentation. The Underwriting Senior Associate is also responsible for on-going

monitoring and risk management of an assigned portfolio of credit clients. To be successful, this individual needs to

develop a broad and deep understanding of the business, financial, competitive, and industry risks faced by clients in

the assigned portfolio. The Underwriting Senior Associate will report to the Technology Group Credit Risk Director and

be supported in his/her day to day work by a dedicated team of Analysts and fellow Underwriters that report to the same

Credit Risk Director. The Underwriting Senior Associate will be expected to play an important role in mentoring and developing junior

talent to enhance the performance of the broader team.

The position is “client facing” and domestic travel will be required from time to time.

Responsibilities

  1. Risk Assessment
  • Identify the key risk factors associated with clients, transactions, and industry sub-sectors across an assigned portfolio

  • Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, competitive threats,

and industry and other factors

  • Lead and/or participate in client due diligence meetings as necessary

  • Attend client, bank, and other meetings to develop a better understanding of client companies, management teams, and

industry sectors

  • Use financial models to incorporate the impact of forward-looking risk assessment on key value drivers

  • Develop and recommend appropriate credit structures relative to risk assessment

  1. Credit Approval Process
  • Apply corporate finance and accounting expertise to develop appropriate financing structures

  • Prepare credit approval materials, ensure all credit risk policies are followed, and present and recommend credits for

approval at the appropriate level

  • Analyze and negotiate covenants and other terms and conditions as part of a deal team

  • Review and negotiate legal documentation to ensure terms are appropriate and consistent with credit approval

  1. Portfolio Management
  • Provide a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis

  • Ensure risk ratings are accurate and reflect a current forward-looking view of the client

  • Provide early identification and proactive management of deteriorating credits and other problem situations

  • Analyze, prepare, and present for approval all required waivers, amendments, and extensions

  • Prepare and present semi-annual portfolio review material to senior management

  • Work with bank examiners and internal credit reviewers to validate credit quality and integrity of the credit process

  • Work closely with PMAs/Credit Assistants to ensure accuracy of credit system data

  • Assist Credit Risk Director in training and developing junior underwriters

Knowledge Requirements:

  • Superior credit, lending, negotiation, loan documentation, and financial modeling skills

  • Strong interpersonal and communication skills

  • Independently productive; able to operate at a highly effective level with minimal day-to-day managerial direction

  • Completion of a major commercial/investment bank credit training program or equivalent experience, and a thorough

understanding of bank credit policies and procedures

  • Minimum of Associate: 5 years of commercial/investment banking lending experience including extensive credit, structuring,

and marketing. Experience working with technology industry clients is preferred

  • BA/BS degree is required, MBA is a plus

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.