Cib – credit risk management – asia funds - associate

Job Description:

J.P. Morgan Corporate & Investment Bank is a global leader across banking, markets, securities services and asset and wealth management. The world’s most important corporations, governments, financial institutions, pensions, sovereign wealth organizations, states and municipalities entrust us with their business. We offer our clients a full suite of global financial services and capabilities, providing strategic advice, raising capital, managing risk and extending liquidity in markets around the world.  

In Australia, J.P. Morgan is one of the few full-service and fully-integrated financial institutions.  Credit Risk Management houses the bank's internal credit experts who provide transaction execution and ongoing management of the bank's credit exposure portfolio. The team covers activities of the bank that give rise to credit risk across multiple products.  The Primary Credit coverage for a portfolio of Hedge Funds, Mutual Funds and Asset Managers domiciled in Australia & New Zealand, with supporting coverage for ex-Australia counterparties.

Your key responsibilities will include:

  • Primary Credit Officer for a portfolio of Australian / New Zealand Hedge Funds and Asset Managers, acting as the main point of contact for all Lines of Businesses

  • Lead client due diligence meetings, transaction structuring / execution and oversee negotiation of documentation

  • Maintain primary responsibility for the management of the on-going credit relationship by assigning internal rating, recommending credit appetite and critically assessing the output of risk measures to determine appropriateness given specific client circumstances

  • Be responsive, constructive with colleagues in the Business and Legal by building effective client partnerships (internally and externally). Ensure that the Business’ priorities are understood, challenged and managed

  • Escalate non-standard asks and complex transactions to Senior Credit Coverage

  • Maintain a detailed and forward looking knowledge of developments in regulatory frameworks, industry and market trends in Australia / New Zealand, Asia and globally and working closely with NA / EMEA counterparts to maintain a consistent global coverage model

  • Oversee analysts’ work on key metrics to ensure all issues have been solved or escalated in a timely manner. Provide guidance and feedback on their work, especially around how to improve efficiency

To be successful you will need:

  • Strong credit / risk analysis skills, with proven credit experience in conducting diligence on Hedge Funds, Asset Managers or Financial Institutions obtained in a corporate or investment bank

  • Tertiary qualification in Business, Finance or a related field along with relevant post graduate qualifications would be highly regarded

  • Experience in (or has the ability to) lead in-depth client credit due diligence both in person & on the telephone

  • A good knowledge of flow and exotic derivatives (both bilateral and OTC cleared), Prime Brokerage and Clearing Services, Securities Financing and associated documentation (ISDA/CSA/GMRA/Clearing Agreements etc)

  • Understanding of the theory behind the risk and return metrics (VaR, Stress, MTM, DV01, other relevant risk sensitivities), including critical assessment of shortcomings / strengths of various measures / methods

  • Strong interpersonal and communication skills along with a high level of intellectual curiosity

J.P. Morgan is an equal opportunity employer and is committed to providing a working environment that embraces and values diversity and inclusion. We are proud to achieve Bronze Employer status in the 2019 Australian Workplace Equality Index (AWEI). If you have any support or access requirements, we encourage you to advise us at time of application.

JP Morgan

Summary

Posted: 27 November 2019

Location:  Sydney, NSW