Risk Management-Credit Risk Business Manager – Associate

Location: Chicago, IL, United States

Job Family: Business Management

About the Role

At JPMorgan Chase, we are at the forefront of financial services innovation, and our Risk Management teams play a pivotal role in safeguarding the firm's stability and growth. As a Risk Management-Credit Risk Business Manager – Associate in our Chicago office, you will join a dynamic team dedicated to managing credit risks across our extensive portfolios. This role involves supporting the execution of credit risk strategies that align with JPMorgan Chase's commitment to resilience, regulatory compliance, and client-centric solutions in the competitive banking landscape. You will contribute to maintaining the strength of our institution by identifying, assessing, and mitigating credit exposures in wholesale and commercial banking segments, ensuring we navigate economic uncertainties with precision and foresight. In this associate-level position, you will work closely with senior risk professionals, business units, and compliance teams to drive operational excellence. Key aspects include analyzing credit data, developing risk reports, and facilitating process enhancements that bolster our risk framework. Your contributions will directly impact how JPMorgan Chase manages its $3 trillion+ balance sheet, focusing on proactive measures like stress testing and portfolio monitoring. This role offers exposure to high-stakes decision-making in a global financial powerhouse, where your insights help protect against market volatilities and support sustainable growth. We value professionals who thrive in collaborative environments and bring a blend of analytical rigor and business acumen. Joining JPMorgan Chase means becoming part of a culture that emphasizes integrity, innovation, and inclusion. This position provides opportunities for career advancement within our renowned Risk Management division, with access to cutting-edge tools and mentorship from industry leaders. If you are passionate about credit risk and eager to contribute to one of the world's leading financial institutions, this role in Chicago offers a rewarding path to professional fulfillment.

Key Responsibilities

• Support the development and implementation of credit risk strategies to ensure portfolio resilience at JPMorgan Chase
• Collaborate with cross-functional teams including credit officers, business leaders, and compliance to manage risk exposures
• Monitor and analyze credit risk metrics, identifying emerging risks in the financial services landscape
• Assist in preparing risk reports and presentations for senior management and regulatory submissions
• Drive process improvements in credit risk workflows to enhance efficiency and compliance
• Conduct stress testing and scenario analysis for credit portfolios
• Provide business management support, including budgeting, resource allocation, and performance tracking
• Ensure adherence to JPMorgan Chase's risk management policies and industry best practices
• Facilitate training and awareness programs on credit risk for team members
• Liaise with external partners and regulators on credit risk-related matters

Required Qualifications

• Bachelor's degree in Finance, Business Administration, Economics, or a related field
• Minimum of 3-5 years of experience in credit risk management, financial services, or related risk functions
• Strong understanding of credit risk principles, regulatory requirements, and banking operations
• Proficiency in data analysis tools and financial modeling
• Excellent communication and stakeholder management skills
• Ability to work in a fast-paced, dynamic environment with a focus on risk mitigation
• Relevant certifications such as CFA, FRM, or credit risk-specific credentials

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance/Risk Management)
• Experience in business management or project coordination within a large financial institution
• Knowledge of JPMorgan Chase's internal risk frameworks and compliance standards
• Prior exposure to wholesale or commercial banking credit portfolios
• Familiarity with regulatory reporting for bodies like the Federal Reserve or OCC

Required Skills

• Credit risk assessment and modeling
• Financial analysis and forecasting
• Data analytics using Excel, SQL, or Python
• Regulatory compliance knowledge (Basel III, Dodd-Frank)
• Stakeholder communication and presentation skills
• Project management and organizational abilities
• Risk identification and mitigation techniques
• Proficiency in risk management software (e.g., Moody's, SAS)
• Attention to detail and analytical thinking
• Team collaboration and leadership
• Problem-solving in high-pressure environments
• Understanding of banking products and credit instruments
• Report writing and visualization tools (e.g., Tableau)
• Adaptability to changing financial regulations
• Ethical decision-making in risk contexts

Benefits

• Competitive base salary and performance-based annual bonuses
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company matching
• Paid time off, including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and internal training programs
• Employee stock purchase plan and financial wellness resources
• Wellness programs with gym memberships and mental health support
• Flexible work arrangements and commuter benefits in Chicago

JP Morgan Chase is an equal opportunity employer.