Business Banking Risk - Special Credits Specialist III

Location: Tempe, AZ, United States

Job Family: Credit Risk

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong commitment to innovation and client success. The Business Banking Risk - Special Credits Specialist III role in our Tempe, AZ office is pivotal in managing and mitigating risks associated with distressed commercial credits. In this position, you will support credit officers by performing in-depth analyses of special credits portfolios, ensuring compliance with internal policies and regulatory standards. You will thrive in a collaborative, dynamic environment where creative problem-solving is key to resolving complex issues and driving portfolio recovery. This role offers the opportunity to contribute to JP Morgan Chase's robust risk management framework, protecting the bank's interests while supporting business growth in the financial services sector. Key responsibilities include generating detailed reports on credit exposures, collaborating with cross-functional teams to develop tailored solutions for problem loans, and monitoring ongoing portfolio performance. You will analyze financial statements, assess collateral values, and recommend actions such as restructurings or liquidations to minimize losses. Working closely with legal, collections, and senior management, you will help navigate challenging scenarios in commercial banking, leveraging JP Morgan's advanced tools and resources. This position demands a proactive approach to identifying emerging risks and implementing proactive measures in a fast-paced setting. We value professionals who bring expertise in credit risk and a passion for the financial industry. As part of JP Morgan Chase's inclusive culture, you will have access to world-class training, career development opportunities, and a supportive team in Tempe, AZ. Join us to make a meaningful impact on our Business Banking division, where your skills in special credits will help safeguard our clients and the firm against financial uncertainties.

Key Responsibilities

• Support credit officers by conducting detailed credit reviews and risk assessments for special credits portfolios
• Manage and generate comprehensive reports on credit exposures, delinquencies, and mitigation strategies
• Identify and resolve complex issues in distressed accounts, collaborating with legal, collections, and workout teams
• Collaborate with internal stakeholders to develop creative solutions for problem loans in a dynamic banking environment
• Monitor regulatory compliance and ensure adherence to JP Morgan Chase's risk policies
• Analyze financial data to recommend actions on special credits, including restructurings or recoveries
• Participate in team meetings to discuss portfolio performance and risk trends
• Assist in training junior staff on special credits processes and best practices
• Contribute to process improvements in credit risk management to enhance efficiency
• Maintain accurate documentation and records for audit and reporting purposes

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Accounting, or a related field
• Minimum of 5 years of experience in credit risk management, commercial banking, or special credits within the financial services industry
• Strong understanding of commercial lending practices, credit analysis, and regulatory requirements such as Basel III and Dodd-Frank
• Proven track record in managing distressed or special credit portfolios
• Excellent analytical skills with the ability to interpret financial statements and assess credit risk
• Proficiency in Microsoft Office Suite, including advanced Excel for financial modeling
• Ability to work in a fast-paced, dynamic environment with strict deadlines

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or relevant certifications like CFA or CRCM
• Experience working at a major financial institution like JP Morgan Chase
• Knowledge of JP Morgan's internal credit systems and risk management frameworks
• Prior involvement in cross-functional teams handling special credits or workout scenarios
• Familiarity with Tempe, AZ market dynamics in commercial banking

Required Skills

• Credit analysis and financial modeling
• Risk assessment and mitigation
• Problem-solving and creative thinking
• Report generation and data analysis
• Regulatory compliance knowledge
• Advanced Excel and financial software proficiency
• Strong communication, both written and verbal
• Team collaboration and stakeholder management
• Attention to detail and accuracy
• Time management in high-pressure environments
• Knowledge of commercial banking products
• Analytical thinking for complex financial issues
• Adaptability to dynamic market conditions
• Documentation and record-keeping
• Interpersonal skills for cross-functional teamwork

Benefits

• Comprehensive medical, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and holidays
• Professional development programs and tuition reimbursement for advanced education
• Employee stock purchase plan and performance-based bonuses
• Wellness programs with gym memberships and mental health support
• Flexible work arrangements, including hybrid options in Tempe, AZ
• Parental leave and family benefits for work-life balance

JP Morgan Chase is an equal opportunity employer.