CIB - Credit Risk - Commodities - Associate
J.P. Morgan's Corporate & Investment Bank 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.
Corporate& Investment Bank Credit Risk is responsible for lending activities and related credit exposures. The Global Commodities Credit Risk Team manages product-specific credit risks and engages with credit officers throughout all Bank lines of business globally covering all industry types to provide input on product structure, documentation, and market convention as it relates to commodities transactions.
As a member of this team, associates are exposed to a wide variety of customer types spanning multiple industries and develop analytical skills to assess the risk of various highly structured commodities products and transactions.
- Interface extensively with commodities front office personnel to gather information needed for credit due diligence on transactions and/or new counterparties with particular focus on physical commodities transactions. Perform financial statement analysis in order to assess the creditworthiness of trading counterparties and make recommendations as to appropriate credit limits, margin requirements, and tenor restrictions. Shepherd other credit officers through this process by sharing product risk expertise as needed.
- Ensure that all documentation required for trading, including master agreements and guarantees, are in place, active and appropriate for transactions being contemplated by front office. Actively involved in the negotiation of credit terms in master trading agreements and structured transactions including but not limited to lien-based structures and other commodity financing structures.
- Use strong analytical and problem solving skills to understand risks and recommend structure which sufficiently protects JPM's interests in various client trading activities and structured transactions.
- Perform ongoing customer due diligence and financial analysis for a portfolio of counterparties including production of written credit approval memos and reviews, ongoing counterparty and industry credit analysis, monitoring of trading limits and appropriate credit ratings, managing/investigating excesses and data quality, and negotiating documentation.
- Provide oversight on work efforts of junior team members, providing guidance where needed to ensure quality of various credit processes.
- Prepare and present to senior management a quarterly Commodities risk review that details exposure metrics across the global Firm-wide commodities portfolio analyzing key trends, drivers, and concentrations.
- Promote a better understanding of the Global Commodities Group ("GCG") business within the Credit Risk organization and with partners across the firm.
- Support risk officers on ad hoc projects related to, but not limited to, GCG policy, procedure, new business initiatives, product control, regulatory relations, and business management by producing relevant reporting and conducting various data gathering, mining, and analysis activities.
- Maintain active working relationship with GCG Structuring, Sales, and Trading teams and assist with continuing education of these teams with respect to risk management, systems, and procedures.
- Meet development and training requirements as defined and provide timely responses to internal and external credit risk queries.
- Bachelor's Degree from an accrediteduniversity/college required.
- 4-5 years of professional workexperience in financial services preferred. Prior experience incredit/counterparty risk, commodities, and derivative products required.
- Experience working with andnegotiating master trading agreements typical of the energy trading industry,including the ISDA, NAESB, and EEI agreements. Knowledge of Letter of Creditdocumentation a plus.
- Strong financial modelingability and familiarity with financial statements (including ability to analyzecapital structure, profitability, and cash flow) as well as importantdisclosures associated with such statements.
- Exceptional analytical aptitude andability to think abstractly and project various "what-if" scenarios.Strong organizational skills, ability to learn quickly, and a high level ofattention to detail.
- Understanding of front officeprocesses and ability to balance necessities of credit risk management withcommercial requirements. Ability to build rapport and influence change.
- Excellent communication (written, oral,and listening) and interpersonal skills a must. Skillful written communicationis necessary; the ability to convey thoughts clearly and succinctly and tocommunicate pertinent complex information in a clear and organized manner.
- Self-motivated with the ability towork independently while understanding when to involve other team members asneeded and to work effectively in a team environment. Desire and willingness totake ownership of various credit risk responsibilities.
- Ability to perform wellunder pressure individually and on teams in a demanding environment. Flexibleand able to respond to changes in priorities.
- Aptitude for and interestin innovation and process improvement.
- Candidates should behighly proficient in Excel (including analysis/control of large datasets), PowerPoint,and Word .