12 Oct
241387-Comp & Ben Admin Prof Fees
Mumbai
Description
Job Description:
Wealth Management (WM) provides advice, strategies and solutions for all aspects of the financial and wealth transfer needs of high net worth and ultra-high net worth clients. WM advises client on the lending side, and coordinates with Asset Management (investment management side of the business). WM is dedicated to delivering an outstanding client experience by providing unbiased advice and individual solutions.
Credit Risk assesses and manages credit and counterparty risks on an industry, client, geographic and transaction basis. The Credit Risk function identifies, measures, limits, manages and monitors credit risk across our businesses. Credit exposure arises through underwriting,
lending and trading activities with and for clients and counterparties (mostly high net worth and ultra-high net worth individuals), as well as from a range of operating services such as cash management and clearing activities.
Job responsibilities:
- Evaluate PB WM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
- Analyze business/entity/personal financial statements, public information sources, credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Utilize these ratios and evaluate other qualitative factors to determine a client’s risk of default following J.P. Morgan Wholesale Risk Grading Methodology to comply with Basel III standards for regulatory risk grading requirements.
- Complete an analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
- Independently identify and clearly articulate risks and mitigating factors that could impact the client’s ability to repay the loan. Recommend a course of action with clear and concise rationale.
- Understand and clearly articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
- Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
- Work with Risk Support and Closing partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
- Mentor less experienced Credit Analysts/Associates and Support Partners, as well as other WM staff.
Required qualifications, capabilities and skills
- Post Graduate degree required; Finance, Accounting, Economics, Business Management
- ~8 years of relevant experience.
- Possess strong computer skills including Microsoft Excel Microsoft Word and PowerPoint.
- Ability to work with people at all levels in the organization and contribute to the strategic direction of the firm and the team.
- The candidate should possess strong analytic & organizational skills, problem-solving capabilities, good communication skills and strong attention to detail
- Incumbent must be able to work in a high production environment while meeting or exceeding agreed upon targets for volume, timing and quality.
- Must have a strong commitment to customer service and teamwork to contribute to high-performing teams through development of self and others.
▶️ Wealth Management Credit Risk - Vice President
🖊️ 241387-Comp & Ben Admin Prof Fees
📍 Mumbai