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Consumer Audit - Credit Review Officer - VP- Columbus

Job Description

 

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and 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 www.jpmorganchase.com

 

JPMorgan Chase’s (JPMC) Internal Audit Department, which is comprised of over 1,000 auditors and credit reviewers globally, reports to the Audit Committee of the Board of Directors and is further accountable to the Chairman and CEO, senior management, and external regulators. Audit is an independent risk assessment function established within the organization to evaluate, test, and report on the adequacy and effectiveness of management's system of internal control.

 

The Consumer Credit Review team within the JPMC Internal Audit Department is responsible for reviewing the credit process in consumer lending portfolios at the firm. The team focuses on Consumer & Community Banking (Auto Finance, Business Banking, Card Services, Mortgage Banking, Home Equity Lending, and Student Loans) and consumer-related portfolios within Asset Management.

 

The Consumer Credit Review team performs reviews of JPMC consumer loan portfolios that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of credit policy and procedures, analysis of underwriting standards and practice, and determining through ongoing monitoring the overall assessment of asset quality. Furthermore, the team assesses whether sufficient controls are in place to mitigate credit risk to the firm.

 

This position is responsible for planning and executing periodic credit reviews. The Credit Review Officer will lead members of the Credit Review team in activities that analyze consumer loan transactions and perform assessments of underwriting and portfolio management to independently opine on the adequacy of credit decisions and key controls supporting credit quality. Between periodic reviews, the Credit Review Officer independently monitors credit risk trends within assigned consumer lending portfolios, attends relevant meetings, and develops and maintains relationships with internal stakeholders responsible for credit approval. This position will report to a Consumer Credit Review Manager and is located in Columbus (OH).

 

Key Responsibilities:

  • As a Reviewer-in-Charge, lead a team in reviews of consumer loan portfolios. This includes chairing meetings associated with planning, project kick-off, presentation of findings, and formal closing. Duties include coordinating team assignments with the Credit Review Manager, defining project scope, designing appropriate test strategies to evaluate the effectiveness of controls that mitigate credit risk, communicating with business management, reviewing test results, identifying key issues and dimensioning the significance of those findings, report writing, and archiving all relevant documents.
  • As team member, participate in reviews led by Credit Review team members. This includes analyzing the credit underwriting quality of individual transactions, recording test results and conclusions in a work paper database, and participating actively in all review meetings.
  • Perform continuous monitoring of assigned product-based portfolios and participate in periodic portfolio review meetings.
  • Serve as an information resource on consumer credit risk and policy, including involvement in key credit-based core Consumer & Community Banking audits.
  • Ensure consistent application of firm wide Risk Policy as well as Credit Review policies and procedures. Complete special projects and research as assigned by the Credit Review Manager
  • Experienced credit professional with minimum 10 years consumer credit experience, preferably with a background in consumer credit underwriting and credit risk management.
  • Previous credit review experience is preferred, but not necessary.
  • Minimum Bachelor's degree in Accounting, Finance, Economics, or a related discipline.
  • Demonstrated understanding of consumer credit principles and strong analytical skills.
  • Excellent verbal and written communication and interpersonal skills required with ability to present complex and sensitive issues to management.
  • Enthusiastic, self motivated, effective in a dynamic fast-paced environment and willing to take personal risk, demonstrates responsibility, and accountability.
  • Proven ability and desire to learn quickly, be flexible, and think strategically.
  • Ability to manage multiple tasks concurrently, with a high sense of urgency.
  • Works well individually and in teams, shares information, supports colleagues, and encourages participation.
  • Flexibility to travel as required (less than 10%).

*** Any candidate not meeting ALL the qualifications can be considered for an AVP, Credit Review Officer role.

 

Req #: 160049114
Location: Columbus, OH US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 5000 US Dollar (USD)

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