Risk Management - Special Credits Lead - Vice President

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 operations serving millions of customers, institutions, and governments worldwide. The Risk Management - Special Credits Lead - Vice President role within our Credit Risk category is pivotal in safeguarding the bank's assets. Based in Tempe, AZ, you will lead efforts to risk-manage and maximize the recovery of the bank's credit exposures in distressed situations. This position requires a strategic thinker who can navigate complex financial landscapes, negotiate with stakeholders, and drive value from challenging portfolios. As part of our renowned Risk Management team, you will contribute to maintaining the integrity of our credit operations while aligning with JP Morgan Chase's commitment to responsible banking and innovation in financial services. In this leadership role, you will oversee a team responsible for analyzing and resolving special credits, including non-performing loans and troubled assets. Your days will involve conducting in-depth credit reviews, developing tailored recovery strategies, and collaborating with internal partners such as legal and treasury teams to execute solutions. You will leverage advanced analytical tools to assess collateral values, forecast recoveries, and mitigate potential losses, all while ensuring adherence to stringent regulatory requirements like those from the OCC and FDIC. This role demands a deep understanding of the financial services industry, particularly in commercial lending and structured finance, to identify opportunities that turn potential risks into recoverable value for JP Morgan Chase. Joining JP Morgan Chase means becoming part of a collaborative culture that values diversity, innovation, and professional growth. As Vice President, you will have the opportunity to influence firm-wide risk policies and mentor emerging talent in the Special Credits group. We offer a dynamic environment in Tempe, AZ, with access to cutting-edge resources and a supportive network that empowers you to excel. If you are passionate about credit risk and driven to protect and enhance our financial position, this role provides a platform to make a meaningful impact in one of the world's most influential banks.

Key Responsibilities

• Lead the risk management and recovery efforts for a portfolio of special credits, focusing on maximizing recovery value for JP Morgan Chase's credit exposures
• Develop and implement workout strategies for distressed loans, including negotiations with borrowers and collateral assessments
• Conduct thorough credit analysis and due diligence on high-risk accounts to identify potential losses and mitigation opportunities
• Collaborate with legal, sales, and operations teams to resolve complex credit issues and ensure compliance with regulatory standards
• Monitor portfolio performance, prepare risk reports, and provide recommendations to senior management on exposure management
• Mentor and manage a team of analysts in special credits, fostering a culture of risk awareness and accountability
• Evaluate and recommend restructurings, forbearances, or liquidations to optimize recovery outcomes
• Stay abreast of market trends, economic conditions, and regulatory changes impacting credit risk at JP Morgan Chase
• Support the integration of advanced analytics and technology in credit recovery processes
• Contribute to the development of policies and procedures for the Special Credits group within the firm's Risk Management division

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 7-10 years of experience in credit risk management, special credits, or loan workout within the financial services industry
• Proven track record in managing and recovering distressed credit exposures for large financial institutions
• Strong understanding of banking regulations, including Basel III, Dodd-Frank, and credit risk frameworks
• Experience with portfolio analysis and risk mitigation strategies in commercial banking
• Ability to lead cross-functional teams in high-pressure environments
• CFA, CPA, or similar professional certification

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) from an accredited institution
• Prior experience at a major bank like JP Morgan Chase in special credits or workout divisions
• Knowledge of syndicated loans and complex structured finance products
• Familiarity with JP Morgan's internal risk management systems and tools
• Experience in international credit markets and cross-border recovery efforts

Required Skills

• Expertise in credit analysis and financial modeling
• Proficiency in risk assessment and portfolio management
• Strong negotiation and stakeholder management abilities
• Knowledge of banking regulations and compliance standards
• Analytical thinking and problem-solving skills
• Leadership and team management experience
• Proficiency in Microsoft Excel, SQL, and financial software like Moody's or Bloomberg
• Excellent communication and presentation skills
• Attention to detail in high-stakes financial environments
• Adaptability to dynamic market conditions
• Project management and organizational skills
• Understanding of distressed debt and restructuring techniques
• Data-driven decision-making capabilities
• Interpersonal skills for cross-functional collaboration
• Strategic planning for recovery maximization

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company match
• Paid time off, including vacation, sick leave, and parental leave
• Professional development opportunities, including tuition reimbursement and access to JP Morgan's learning platforms
• Employee stock purchase plan and other financial wellness programs
• On-site fitness centers and wellness initiatives at JP Morgan Chase locations
• Flexible work arrangements and hybrid options where applicable

JP Morgan Chase is an equal opportunity employer.