Posted in General Business 10 days ago.
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Location: New York, New York
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk Function
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment
JPMorgan Chase strives to be a catalyst for meaningful, positive and sustainable change in communities across the globe. JPMorgan Chase annually invests more than $350 million annually to create pathways to opportunity so that individuals have access to the knowledge, skills, resources, and capital they need to secure their futures and compete in the global economy. Our programs seek to address key drivers of economic inequality experienced by vulnerable populations around the globe through four key focus areas: Community Development, Jobs and Skills, Financial Capability, and Small Business.
This position offers an exciting opportunity to advance the firm's impact investing activities. The team is hiring a second Underwriting Associate to support the execution of the firm's Flexible Capital initiative, which is a collaboration across JPMorgan Chase's lines of business (LOBs) to deliver loan capital to advance inclusive economic growth in low-income communities. The team works with Community Development Financial Institutions ("CDFIs") whose geographic targets and missions align with the firm's philanthropic objectives within its major markets. The Firm extends loans to such institutions on terms that are more flexible that the firm's business units currently offer.
The Underwriting Associate will sit with the other Associate on the Intermediaries Lending team in the Community Development Bank (CDB) and partner closely with the Impact Finance team that sits in Corporate Responsibility.
The Underwriting Associate will support one banker in various tasks to prepare credit approval memos, manage portfolio accounts and provide portfolio management support (i.e., management of on-going client relationships and transactions).
In preparation of credit approval packages, an underwriter reviews a CDFI's audited financial statements and portfolio quality to assess its current strength and provides a summary of the organization's current management, lending strategy and overall outlook. The Underwriting Associate will work closely with the Flex Cap Banker, and will be expected to engage directly with CDFI project-level and executive staff. The Underwriter will be challenged to identify the key credit risks and communicate them in a clear and succinct presentation. The Underwriter's responsibilities will also include participation in the closing/documentation process on new loans, on-going valuation of loans within the portfolio and regulatory compliance, and timely maintenance of accurate books and records.
There are also frequently opportunities for the Underwriting Associate to work across business lines, including working with the CDB Intermediaries Lending team to provide credit to top-tier CDFIs, our Community Development Real Estate team to finance affordable housing and New Markets Tax Credits, and the Corporate Responsibility team.
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.
Equal Opportunity Employer/Disability/Veterans