JPMorganChase
Job Description
Wholesale Lending Services (WLS) supports several lines of business that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank.
Credit Monitoring sits within WLS and provides credit compliance monitoring for the combined Commercial and Investment Bank loan portfolio.
As a Credit Monitoring Analyst, you will be responsible for assessing compliance with credit agreement terms.
In this role you will interpret financial and other covenants included in credit agreements to determine whether borrowers are meeting the terms of the agreements or are in default.
The credit agreements cover syndicated loans and bilateral agreements.
Job Responsibilities
Complete setup of reporting requirements and financial covenants for new credit agreements and other executed documents in the bank system, including syndicated credit agreements and externally prepared agreements.
Translate legal and structural terms into operational and monitoring requirements for ongoing compliance.
Conduct periodic reviews and continuous monitoring of borrower’s financial covenants and collateral based on credit‑agreement requirements.
Interpret complex attorney/externally prepared credit agreements and other legal documents to determine which co‑borrowers, guarantors, and other parties to the agreements require setup in the bank’s system of record for future covenant compliance evaluation.
Review documentation and monitor ongoing compliance with financial covenants with bilateral agreements and syndicated loans from different lending institutions.
Independently calculate cash flow, leverage ratios, and required covenant values in accordance with specific terms laid out in credit agreements.
Perform detailed borrowing‑base calculations and reconciliations for secured lending cases.
Validate collateral documentation such as AR aging, inventory listings, and ineligible summaries.
Compare executed credit agreements to the corresponding credit approval and term sheets to verify alignment and report discrepancies.
Adhere to the quality‑control standards and service‑level agreements set for the process and for WLS’s internal business partners.
Partner with risk, credit, and operations teams to resolve discrepancies or clarifications within loan documentation and operations.
Required Qualifications, Capabilities, And Skills
Bachelor’s degree in business/accounting preferred.
Three or more years of experience in credit monitoring, credit administration, credit review, or loan operations in commercial, business, or investment banking.
Proven experience reviewing and interpreting credit agreements and syndicated loan structures.
Maintains strong knowledge of various facility types, including revolvers, term loans, LCs, bridge loans, and asset‑based structures.
Working knowledge of asset‑based lending, real estate banking, and security valuation.
Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.
Strong understanding of facility structures and their downstream operational effects.
Excellent attention to detail, accuracy, and risk discipline.
Strong verbal and written communication to effectively communicate with various stakeholders and across levels.
Ability to work independently with minimum supervision, including demonstration of good time management.
High proficiency in using MS Office tools, including MS Excel.
About Us JPMorgan Chase, 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 offer a competitive total rewards package including base salary determined by role, experience, skill set, and location.
Eligible roles may receive commission‑based pay and/or discretionary incentive compensation in the form of cash and/or forfeitable equity.
A range of benefits and programs meet employee needs, including 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.
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.
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.
We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental‑health or physical‑disability needs.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.
Seniority level Not Applicable
Employment type Full‑time
Job function Information Technology
#J-18808-Ljbffr
Credit Monitoring sits within WLS and provides credit compliance monitoring for the combined Commercial and Investment Bank loan portfolio.
As a Credit Monitoring Analyst, you will be responsible for assessing compliance with credit agreement terms.
In this role you will interpret financial and other covenants included in credit agreements to determine whether borrowers are meeting the terms of the agreements or are in default.
The credit agreements cover syndicated loans and bilateral agreements.
Job Responsibilities
Complete setup of reporting requirements and financial covenants for new credit agreements and other executed documents in the bank system, including syndicated credit agreements and externally prepared agreements.
Translate legal and structural terms into operational and monitoring requirements for ongoing compliance.
Conduct periodic reviews and continuous monitoring of borrower’s financial covenants and collateral based on credit‑agreement requirements.
Interpret complex attorney/externally prepared credit agreements and other legal documents to determine which co‑borrowers, guarantors, and other parties to the agreements require setup in the bank’s system of record for future covenant compliance evaluation.
Review documentation and monitor ongoing compliance with financial covenants with bilateral agreements and syndicated loans from different lending institutions.
Independently calculate cash flow, leverage ratios, and required covenant values in accordance with specific terms laid out in credit agreements.
Perform detailed borrowing‑base calculations and reconciliations for secured lending cases.
Validate collateral documentation such as AR aging, inventory listings, and ineligible summaries.
Compare executed credit agreements to the corresponding credit approval and term sheets to verify alignment and report discrepancies.
Adhere to the quality‑control standards and service‑level agreements set for the process and for WLS’s internal business partners.
Partner with risk, credit, and operations teams to resolve discrepancies or clarifications within loan documentation and operations.
Required Qualifications, Capabilities, And Skills
Bachelor’s degree in business/accounting preferred.
Three or more years of experience in credit monitoring, credit administration, credit review, or loan operations in commercial, business, or investment banking.
Proven experience reviewing and interpreting credit agreements and syndicated loan structures.
Maintains strong knowledge of various facility types, including revolvers, term loans, LCs, bridge loans, and asset‑based structures.
Working knowledge of asset‑based lending, real estate banking, and security valuation.
Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.
Strong understanding of facility structures and their downstream operational effects.
Excellent attention to detail, accuracy, and risk discipline.
Strong verbal and written communication to effectively communicate with various stakeholders and across levels.
Ability to work independently with minimum supervision, including demonstration of good time management.
High proficiency in using MS Office tools, including MS Excel.
About Us JPMorgan Chase, 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 offer a competitive total rewards package including base salary determined by role, experience, skill set, and location.
Eligible roles may receive commission‑based pay and/or discretionary incentive compensation in the form of cash and/or forfeitable equity.
A range of benefits and programs meet employee needs, including 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.
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.
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.
We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental‑health or physical‑disability needs.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans.
Seniority level Not Applicable
Employment type Full‑time
Job function Information Technology
#J-18808-Ljbffr