JPMorgan Chase & Co Hiring for Commercial Underwriting – Vice President at Bengaluru, Karnataka

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.

The Dealer Commercial Services team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our 500+ franchised retail automobile dealer group relationships. We are searching for an experienced senior Commercial Credit Underwriter to manage an independent portfolio assigned to you. As a part of the team, you will be responsible for underwriting commercial loans to existing customers, collaborating with banking partners, and structuring transactions that are consistent with our company’s policies and procedures. The ideal candidate will take ownership of the credit process and possess the ability to multi-task, prioritize deal flow and meet delivery deadlines, while making decisions in the best interest of the customer and organization. Effective candidates will possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles. With minimal guidance, you will be expected to approve and structure deals appropriately that are within your credit authority and provide guidance and recommendations on deals outside of your credit authority.

This role will be part of underwriting team based in India and will have following requirements:

Commercial Underwriting: Utilizing excellent commercial credit skills to prepare written credit reviews which assesses credit opportunities, identifies key risks with appropriate structures to mitigate risks including covenants, terms, and conditions for approval

Portfolio Management: Proactive ownership of portfolio management responsibilities including annual reviews, loan modifications, covenant breaches, inventory audits, overline management, and analyzing trends in key dealer metrics

Quality of Credit Decisions: Ensure consistent and highest quality underwriting packages that comply with regulations, policies and procedures

Credit Approval: Maintain integrity of credit transactions, effectively instigate credible challenges with the business, and ability to present and support recommendations to senior management

Build/Maintain Strong Partnerships: Interact with clients, virtually or in person, in conjunction with the Banker. Demonstrating excellent communication skills both internally and externally and using those communication skills to effectively solve problems.

Leadership: Mentoring and training team members in portfolio management activities.

Minimum Skills, Experience and Qualifications

We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.

CA / ICWA / MBA

13-15 years’ commercial banking / lending experience including extensive credit experience

Commercial banking / automotive captive experience, with thorough knowledge of accounting and financial statement analysis.

Superior analytical skills supported by excellent written and verbal communication skills.

Hands-on experience underwriting commercial loans to franchised auto dealerships, or equivalent, including floor plan and real estate lending

Demonstrating, or actively developing, leadership skills in directly managing a team.

Additional Skills, Experience and Qualifications

The following additional items will be considered but are not required for this role

Prior experience in US Market and Auto industry is preferred

Exposure to US accounting standards

ABOUT US

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.

ABOUT THE TEAM

Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We’re proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions – all while ranking first in customer satisfaction.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.