Credit Risk

**JOB DESCRIPTION**
Credit Risk assesses, permissions, and manages credit and counterparty risks on an industry, client, geographic, and transaction basis. Credit risk is defined as the risk of loss arising from the default of a client or counterparty. Credit exposure arises through underwriting, lending, trading and transactional activities with and for clients and counterparties, as well as from a range of operating services such as merchant acquiring transactions, cash management and clearing activities.

The Credit Risk function identifies, measures, limits, manages, and monitors credit risk across our businesses. The teams are typically aligned by Geography covered. Our practices are designed to preserve the independence and integrity of decision making.

The Chase Merchant Services team is focused on credit risk generated through the transactions we process for our merchant clients. Credit exposure is most realized when the merchant suffers a business failure resulting in liquidation. Risk is managed through financial statement analysis and scheduled credit reviews. Area of focus is conducting periodic review of wholesale portfolio defined by a certain threshold of exposure.

The purpose of this position is to facilitate periodic credit review of merchant clients and protect the bank from loss, maintaining credit risk within acceptable levels of our framework.

**Responsibilities**:
Key Responsibilities:

- Utilizing commercial credit skills to prepare written financial analysis, Risk Grading, and credit reviews of corporate clients
- Independently analyze, or at times work with more senior Credit Officers, to evaluate the risk and complete a periodic credit review of clients within the portfolio
- Understand and assess the customer’s business model and its viability in the long run. Identify additional information requirements needed to properly assess risks of the transaction
- Review and analyze the financial strength and soundness of corporate clients to identify key risks to the continued credit worthiness of the business along with appropriate mitigating factors
- Considers alternatives to mitigate risk where appropriate. Recommend action to be taken in unfavorable scenarios.
- Ensure that credit facilities presented are properly graded. Meet defined production and quality scores. Timely submission with no High-Risk quality review findings.
- Meet assigned timelines and ensure process and policy requirements are met per the business and audit requirements.
- Stay on top of policies, conventions and follow those diligently.
- Review completed cases for feedback; act on feedback provided and timely submissions of reworks.
- Establish strong partnerships with internal clients. Demonstrate client centric behavior i.e., be aware of client's expectations, challenges while securing the firm's interest.
- Exercise appropriate diligence with client information. Complete adhoc work assigned within expected timelines.
- Establish strong partnerships with internal clients. Demonstrate client centric behavior i.e., be aware of client's expectations, challenges while securing the firm's interest. Exercise appropriate diligence with client information. Complete work assigned within expected timelines.

**Required qualifications, capabilities, and skills**
- 8 -11 plus years’ experience as a credit officer, underwriter or similar position with thorough knowledge of accounting and financial statement analysis requiring credit judgment and knowledge of various business models
- Postgraduate or an advanced degree in business management, finance or accounting.
- Ability to formulate and articulate objective views based on professional analysis.
- Thorough knowledge of credit philosophy, loan documentation, bankruptcy and related legal issues.
- Strong verbal, written, and interpersonal skills, as well as analytical and problem-solving skills.
- Good organization skills and ability to work within time constraints in a highly regulated environment.
- Works effectively in a team environment, while assuming individual responsibility. Proficiency in Microsoft Office Suite, especially Excel, Word and PowerPoint.

**Preferred qualifications, capabilities, and skills**
- Highly motivated individual with a natural passion to learn and an inquisitive personality. Strong interpersonal skills and an ability to work well in a team environment.
- Strong sense of accountability and ownership of tasks. Interest in client interaction with strong verbal and written communication skills. Capable of understanding, describing, and debating complex concepts.
- Ability to perform well under pressure in a demanding environment managing multiple tasks at the same time. Strong attention to detail and an excellent work ethic.
- Volunteer for various activities within the team as well as wider organization. Respond timely to questions asked, information sought; feedback on cases Proactive approach, a sense of urgency where appropriate.

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