Wealth Management Risk - Credit Executive, Vice President, Singapore

Wealth Management Risk - Credit Executive, Vice President, Singapore

JP Morgan Chase & Co.
8-11 years
Not Specified

Job Description


Job Description :

Who we are:
JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to wealthy individuals and families in 36 countries around the world. The Private Bank delivers highly customized and tailored solutions to help clients with the challenges of substantial wealth, utilizing the Private Bank's discretionary investment management, brokerage, tax and estate planning, credit, capital raising and specialty wealth advisory services while leveraging the commercial and investment banking capabilities of the firm.
What you can achieve:
We care about the development and success of your career and we know that success depends on your knowledge, skills and ambition.That is why we provide opportunities for constant learning that will help you build a platform, whether that be specific on the job training or wider learning.
Our Career Resource Hub, specifically designed for Risk Management and CCOR Departments will help you develop many aspects of your career here at J.P. Morgan Chase, from personal branding and work life balance, to learning resources and enhancing professional skills.
We have a flexible hybrid working arrangement and we support all of our staff in any way that allows them to work smarter and more efficiently.
Internal and global mobility is at the heart of our culture.At J.P. Morgan Chase you are encouraged to advance your professional career and explore opportunities across the company globally.
What you will be responsible for:
Risk & Control
  • Responsible for credit risk management on the Singapore Credit portfolio ,
  • Hold delegated credit authority and approve credit risk exposure relating to the client base within authorized limits, policy requirements and regulatory considerations.
  • Assignment of risk ratings, Loss Given Defaults, and other risk metrics across the portfolio.
  • Understand Private Bank Credit Risk appetite on wholesale loans, mortgages, OTC products and others.
  • Maintain satisfactory Audits across the credit portfolio.
  • Identify and monitor concentrations, trends and themes in the portfolio, and direct the preparation of Portfolio Reviews.
  • Ensure that Risk exceptions in the portfolio are appropriately managed and escalated as required.
  • Identify names promptly to be added to the Watch List or Criticized and Classified loans, manage criticized and impaired loan processes
  • Partner with the Business to build a culture of Risk discipline across the organization.
  • Work closely with the Underwriter team and build an integrated approach to making credit decisions that incorporates underwriter input.
  • Engage with Wholesale Credit as appropriate.
  • Engage with other risk stripes and other regions as appropriate, and represent the function in wider platform initiatives.
  • Engage with Credit Middle Office to understand and enhance controls that exist in the Middle Office.

Business Partnership
  • Ongoing approval of new transactions / portfolio reviews / risk discussions.
  • Work with / provide credible challenge to Lending Solutions on new products, new initiatives.
  • Work with the Credit Middle Office to continuously upgrade and trim the Risk Reporting MIS to keep it relevant for the portfolio.

Innovation
  • Challenge the status quo. Continuously strive to find better, more efficient ways to do things we do well.
  • Use technology where we can to strengthen Risk Management practices and products.
  • Find gaps in Risk Policies / Underwriting guidelines. Work with Risk Policy to upgrade risk management practices.

What skills and experiences are we looking for:
  • A minimum of 8 years experience across credit risk,with experience and familiarity of all risk types: market, liquidity, reputation, operations, complex derivatives, etc
  • Bachelors degree in finance or related field
  • Strong leadership and business partnership skills
  • Effective communication skills
  • High level of analytical skills, including financial analysis
  • Attention to detail and ability to consistently follow Credit Policy
  • Ability to analyze credit structures and the attendant credit risks
  • Familiarity and expertise with legal documentation
  • Ability to understand the business and market context
  • Preferred knowledge of integrated wealth management
  • Ability to interact well with clients, senior colleagues and juniors
  • Ability and willingness to coach and train junior credit risk personnel and lending Advisors

Job Details

Employment Types:

Function:

IT

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives. 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Medical authorities agree that being vaccinated is the best way to protect yourself, loved ones, colleagues and communities from COVID-19. To protect the health and safety of our employees, and for workforce planning purposes in line with the Ministry of Manpower's guidance, only vaccinated employees are able to enter our offices. In light of this, in order for the successful candidate to be able to enter the office, they must be either fully vaccinated against COVID-19 (as defined by the Singapore Ministry of Health at the time of commencing employment) or be certified by a medical practitioner as being medically ineligible to be fully vaccinated.

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