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.
The Credit Risk Management Team is part of the Private Bank Credit Operations group. This team monitors JPM Private Bank exposures (including loans, mortgages & derivatives) secured by financial assets, such as equities, fixed income products and other asset types. The functions performed by this team are critical to protecting the bank from potential credit losses.
Working closely with Lending Solutions, the team is also responsible for a wide range of functions such as administration and monitoring of PB Asia credit facilities in line with corporate credit policy, review & monitoring of credit covenants, transaction approval and other special monitoring requirements as well as regulatory reporting.
Job Responsibilities
- Regulatory Reporting: Perform and manage the timely submission of regulatory reports to the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS).
- Compliance: Ensure adherence to regulations, credit policies, and internal guidelines.
- Stakeholder Reporting: Be accountable for the timely delivery of reports to internal stakeholders.
- Management Information Systems (MIS) Reporting: Provide MIS reports detailing various aspects such as exposure, product analytics, collateral breakdown, etc.
- Documentation and Governance: Establish and maintain proper documentation and governance for data, reports, and monitoring processes.
- Automation and Transformation: Explore automation and transformation opportunities for existing reports and processes using in-house intelligent automation tools.
- New Product Implementation and Data Migration: Participate in discussions and impact analysis on new implementation and migration projects.
- User Acceptance Testing (UAT): Perform UAT and represent the Credit team in regulatory reporting projects.
- Cross-Regional Representation: Represent the Asia team in cross-regional forums. Liaise with other IPB primary locations, including Geneva and Edinburgh, to share best practices and identify potential synergies.
- Outsourced Reporting Coordination: Oversee and coordinate with teams in India and Manila for outsourced reporting and monitoring.
Qualifications
- Educational Background: Bachelor's degree required.
- Work Experience: Minimum of 1 to 3 years of relevant experience in a middle office or control function within a financial institution.
- Technical Skills: Proficiency in Excel, MS Access, PowerPoint, and Word. Knowledge of automation tools such as Alteryx, Xceptor, and Visio is a plus.
- Communication Skills: Strong verbal and written communication skills, with the ability to independently drive discussions with stakeholders.
- Adaptability: Ability to thrive in a fast-paced, dynamic, and evolving team environment.
- Transformational Skills: Strong solution-based problem-solving abilities and data analytical skills. Demonstrates critical thinking and attention to detail.
- Relevant Experience: Experience in a credit middle office or control function, or other relevant experience in private banking, is a plus.
- Financial Markets Interest: Demonstrated interest in financial markets and an understanding of risk measures.