Wealth Management Credit Risk Due Diligence

Location: Columbus, OH, United States

Job Family: Firmwide Risk and Compliance

About the Role

At JP Morgan Chase, we are seeking a dedicated Wealth Management Credit Risk Due Diligence professional to join our Firmwide Risk and Compliance team in Columbus, OH. This role offers a unique opportunity to shape your career while contributing to the safeguarding of our wealth management clients' assets in one of the world's leading financial institutions. You will play a pivotal role in evaluating credit risks associated with high-net-worth individuals, families, and institutions, ensuring that our advisory services align with robust risk management practices. By leveraging your expertise, you will help push the boundaries of innovative risk solutions in a dynamic environment that values integrity, collaboration, and excellence. In this position, you will perform in-depth due diligence on client financial profiles, investment holdings, and collateral, utilizing advanced analytical tools to identify potential credit exposures. Working closely with wealth management advisors, portfolio managers, and compliance experts, you will assess risks across diverse products such as trusts, private banking loans, and alternative investments. Your analyses will inform critical decisions on client onboarding, loan approvals, and ongoing portfolio monitoring, all while adhering to JP Morgan's stringent internal controls and global regulatory standards like those from the OCC and Federal Reserve. This role demands a keen eye for detail and the ability to navigate complex financial landscapes to mitigate risks effectively. Beyond day-to-day responsibilities, you will contribute to the evolution of our risk frameworks by recommending enhancements based on emerging market trends and regulatory shifts. At JP Morgan Chase, we foster a culture of continuous learning and professional growth, providing access to cutting-edge resources and mentorship opportunities. If you are passionate about financial services and ready for an adventure that challenges your limits, this position in Columbus offers a platform to make a lasting impact on our clients and the firm. Join us in building a more secure financial future.

Key Responsibilities

• Conduct thorough due diligence on client credit profiles, investment portfolios, and collateral assets to assess risk exposure
• Analyze financial statements, credit histories, and market conditions to evaluate potential risks in wealth management engagements
• Collaborate with wealth advisors and compliance teams to ensure adherence to JP Morgan's risk policies and regulatory standards
• Develop and maintain credit risk models tailored to high-net-worth individuals and family offices
• Monitor ongoing credit risks and recommend mitigation strategies, including loan structuring and covenant monitoring
• Prepare detailed risk assessment reports and present findings to senior management and stakeholders
• Stay abreast of industry trends, regulatory changes, and economic factors impacting wealth management credit risks
• Support the integration of risk due diligence into client onboarding and portfolio management processes
• Contribute to the enhancement of JP Morgan's firmwide risk and compliance frameworks for wealth management
• Mentor junior team members on best practices in credit risk analysis and due diligence

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field
• Minimum of 5 years of experience in credit risk management, due diligence, or financial analysis within the wealth management or banking sector
• Strong understanding of credit risk assessment methodologies and regulatory requirements such as Basel III and Dodd-Frank
• Proficiency in financial modeling and analysis tools, including Excel and financial databases
• Experience conducting due diligence on high-net-worth clients and investment portfolios
• Knowledge of wealth management products including trusts, estates, and alternative investments
• Ability to work collaboratively in a fast-paced, regulated environment

Preferred Qualifications

• Advanced degree (MBA or Master's in Finance) or relevant certifications (CFA, CPA, or FRM)
• Prior experience at a major financial institution like JP Morgan Chase in risk and compliance roles
• Familiarity with JP Morgan's internal risk management frameworks and tools
• Proven track record in identifying and mitigating credit risks in complex wealth management scenarios
• Experience with data analytics platforms such as Tableau or SQL for risk reporting

Required Skills

• Credit risk analysis and financial modeling
• Due diligence and investigative research
• Regulatory compliance knowledge (e.g., SEC, FINRA)
• Financial statement analysis
• Portfolio risk assessment
• Excel proficiency and advanced spreadsheet functions
• Data analytics and visualization tools (e.g., Tableau, Power BI)
• SQL for querying financial databases
• Strong written and verbal communication
• Attention to detail and analytical thinking
• Problem-solving in complex financial scenarios
• Collaboration and teamwork in cross-functional environments
• Time management and prioritization under deadlines
• Adaptability to evolving market and regulatory landscapes
• Ethical judgment in high-stakes risk decisions

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 contributions
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities through JP Morgan's internal training programs and tuition reimbursement
• Employee stock purchase plan and financial wellness resources
• On-site fitness centers and wellness programs at Columbus facilities
• Flexible work arrangements and hybrid work options

JP Morgan Chase is an equal opportunity employer.