Corporate & Investment Bank Credit Review:
The Corporate & Investment Bank Credit Review (CIB CR) group at JPMorgan Chase is responsible for validating the accuracy and timeliness of risk ratings assigned internally to credit exposures held by the firm’s Corporate & Investment Banking (CIB) business units, and for assessing the effectiveness of the credit management process. Credit Review Officers confirm the CIB business units’ compliance with applicable internal policies and banking regulations pertaining to analysis and categorization of credit risk as well as compliance with the firm’s credit underwriting guidelines, and the quality and completeness of internal credit approval memoranda and documents.
Credit Review Officers plan and conduct periodic reviews of global CIB credit portfolios. During the course of a review, officers examine in detail a representative sample of portfolio clients. For each reviewed client, officers read relevant internal credit approval memoranda as well as the client’s public financial disclosures, press releases, external rating agency opinions, etc. Based on the information reviewed, officers develop independent assessments of the appropriate risk rating for the reviewed clients and record their analyses and conclusions in a workpaper database. The officers’ written analyses must be concise but thorough, and may be subject to review by external bank examiners.
Between formal reviews, Credit Review Officers independently monitor credit trends in individually assigned industry-based or country-based CIB portfolios and record their observations in monitoring journals. Officers attend relevant business-led portfolio review and problem credit review meetings, and manage CIB CR’s ongoing relationship with internal stakeholders responsible for credit approval, client credit management and credit policy. Officers also interact periodically with external bank examiners.
In addition to having a comprehensive understanding of credit analysis principles, Credit Review Officers should be broadly familiar with risk characteristics and exposure metrics for the array of credit products (including derivative products as well as traditional loan products) used by CIB customers.
- As reviewer-in-charge, lead a team of CIB CR officers in reviews of CIB portfolios. This includes chairing all meetings associated with planning, initial kick-off, reviewing and presenting findings, and formal closing. It also includes coordinating the assembly of review files, ongoing communications with the business, reviewing workpapers written by other team members, drafting the final review report, and supervising the archiving of all relevant documents.
- As reviewer, participating in CIB CR reviews led by other team members. This includes reviewing assigned client files, recording analyses and conclusions in the workpaper database, and participating actively in all review meetings.
- Continuous monitoring of assigned industry-based or country-based portfolios. This includes maintaining regular contact with responsible credit executives and bankers and participating in periodically scheduled portfolio review meetings. All observations are recorded in portfolio-specific monitoring journals.
- Serve as an information resource on risk rating policy and risk analysis for CIB business and credit officers, who call to seek advice. Also field calls from bank examiners on particular portfolios, credits recently reviewed, policy matters, credit system questions, etc.
- 7+ years of credit experience analyzing industrial corporations and/or financial institutions in one or more of the following roles: credit/loan review, corporate lending, counterparty risk management, credit approval, workout, risk rating analysis or regulatory supervision (OCC, Fed, etc.).
- Demonstrated strong analytical and report writing skills
- Persuasive verbal communications with peers, senior and junior stakeholders and regulators
- Planning, project leadership, and teamwork skills
- Proficient in Microsoft Office applications.
- Bachelors degree or equivalent at minimum; graduate degree a plus.