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Private Banking, Credit Risk, Credit Underwriting Associate

Req #: 170112556
Location: Hong Kong, , HK
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 20000 Hong Kong Dollar (HKD)
J.P. Morgan
 
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.
 
We are a global wealth management leader that delivers the highest quality advice, service and products to high net worth individuals and families around the world. We deliver highly customized and comprehensive solutions to help clients with the many complexities they face by leveraging the firm’s entire Banking platform and capabilities. J.P. Morgan Global Wealth Management in Asia provides clients with a global perspective delivered through a local, dedicated team of specialists. This team of experts is involved with every facet of wealth management, including investments, wealth structuring, tax and estate planning, philanthropy, liquidity and credit management. Our business model focuses on client relationships built on trust and mutual understanding, a unique integrated team structure and a platform of depth and breadth.
 
Risk Management
 
Asset Management Risk Management is committed to being a world-class leader in risk management, maintaining a system of strong controls, providing guidance and clear direction on key risk principles, proactively managing risks and achieving a consistent balance between our business goals and deployment of capital. WM Risk Management employs people around the world and ensures strong risk management discipline throughout the lines of business within WM.
 
Wealth Management
 
With more than 160 years of experience, J.P. Morgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to high net worth individuals and families around the world. Our business model focuses on deep client relationships through an integrated team structure with a platform of depth and breadth. We provide tailored investment, credit and wealth advisory solutions to High Net Worth and Ultra High Net Worth clients, and managing risk appropriately is a key priority for the Global Private Bank. The Credit Analyst team will be a core part of the WM Credit Risk Management organization and will be integral to our ability to meet the growing needs of the business in a prudent manner.
 
Core Functions:
  • Prepare Annual credit reviews for an assigned portfolio of WM credit clients. This will require the proper use and application of the Financial Spreading Tool, (FST) to analyze borrower disclosures to determine probability of default/ obligor grades and understand the various types of collateral and associated risks to determine facility grades.
  • Perform Collateral analysis and recommend Loss Given Defaults (LGDs) using the appropriate systems.
  • Partner with Credit Executives for portfolio reviews, risk exceptions and approval of annual credit reviews
  • Partner with Lines of Business to keep credit portfolio current on key risk metrics and facilitate new transactions on the assigned portfolio of clients.
  • Document covenants and special monitoring requirements
  • Monitor exception reports (Unlinked, Ungraded, Overlimits, Overdrafts, Past Dues, etc.)

Qualifications:

  • At least 3 years of relevant experience in credit analysis, risk analysis, credit underwriting or similar role. Experience with corporate finance/ banking is preferred

  • Aptitude for numbers; non-business majors must demonstrate quantitative competence both academically and practically

  • Self Motivated, team player, hard working

  • Strong knowledge of Microsoft Office products (Word, Excel, Power point)

  • Excellent communicator with strong interpersonal and presentation skills

  • Ability to be flexible, follow tight deadlines, organize and prioritize work

  • Proactive: Takes ownership of developing skill set

  • Quick learner: Proven ability to quickly learn the business & adapt to changing business priorities

  • Ability to be a dynamic member of a team

  • Good judgment and discretion working with highly confidential information

  • Good knowledge of accounting principles/ financial statements

Desirable skills/experience:

  • Knowledge of legal documentation, policy, and loan/credit operations a plus

  • Financial analysis experience

  • Experience within legal, credit administration, operations, or support group within the Financial Services

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