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Hedge Fund Credit Risk Associate

Company: JPMorgan Chase
Location: Plano
Posted on: May 26, 2023

Job Description:

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
J.P. Morgan's Corporate & Investment Bank ("CIB") is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We offer strategic advice, lend money, raise capital, help manage risk, extend liquidity, buy and sell securities, and provide many other banking services in markets around the world.
CIB Credit Risk Management is responsible for lending activities and related credit exposures. CIB Credit Risk is organized by geography with teams aligned by industry. CIB Credit Risk Managers lead the client credit relationship in partnership with CIB Coverage, Sales, and Trading.
Hedge Funds Credit Risk Team manages exposure to North American based hedge funds and other alternative managers engaging across the spectrum of investment strategies. As part of the Hedge Fund Credit Risk Team, you will have responsibility for assessing the risk of a portfolio of hedge funds and determining credit risk appetite for client lending, trading, clearing, prime brokerage and custody activity.
Job Responsibilities:

  • Perform customer due diligence and financial analysis and summarize in written credit approval memos and reviews

  • Review and approve trading activity, including recommending margin requirements as well as structural enhancements

  • Set and communicate credit exposure appetite across trading products utilizing internal exposure methodologies

  • Oversee legal negotiations for traded products

  • Be principal contact for and partner with colleagues from Sales & Trading, Prime Brokerage, Investor Client Management, Treasury & Security Services, Legal, Investment Banking Coverage, Syndicated & Leveraged Finance, Debt Capital Markets, and Ratings Advisory

  • Assess creditworthiness of clients and assign appropriate credit ratings

  • Maintain updated credit research on a portfolio of clients

  • Demonstrate ability to mentor/guide junior resources. Manage own workload and analyst's workload, delegate with appropriate guidance and ensure deadlines are understood and met, and where needed, confidently escalate to senior managers

  • Lead group wide efficiency projects

    Required qualifications, capabilities, and skills

    • Bachelor degree required

    • 4 years of work experience in financial services preferred (investment banking or similar)

    • Credit/Market risk experience required

    • Knowledge of Hedge Fund and Asset Manager Industry preferred

    • Candidates should have some accounting and corporate finance coursework

    • Strong interest in client interaction and possess outstanding verbal and written communication skills

    • Ability to perform well under pressure in a demanding environment

    • Candidates should be highly proficient in Excel, Powerpoint and Word

      JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
      We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
      The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
      As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
      We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
      Equal Opportunity Employer/Disability/Veterans

Keywords: JPMorgan Chase, Plano , Hedge Fund Credit Risk Associate, Accounting, Auditing , Plano, Texas

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