Private Bank- Credit Risk, Executive Director - Hong Kong
June 11, 2021
JPMorgan Private Bank is a global wealth management leader that delivers the highest quality advice, service, capabilities and products to wealthy individuals and families in 36 countries around the world. The Private Bank delivers highly customized and tailored solutions to help clients with the challenges of substantial wealth, utilizing the Private Bank's discretionary investment management, brokerage, tax and estate planning, credit, capital raising and specialty wealth advisory services while leveraging the commercial and investment banking capabilities of the firm.
Key responsibilities -
Risk & Control
Senior level responsibility for credit risk management on the Asia Credit portfolio , with primary ownership of managing portfolio risks within acceptable quality and loss tolerances.
Hold delegated credit authority and approve credit risk exposure relating to the client base within authorized limits, policy requirements and regulatory considerations.
Assignment of risk ratings, Loss Given Defaults, and other risk metrics across the portfolio.
Understand Private Bank Credit Risk appetite on wholesale loans, mortgages, OTC products and others.
Maintain satisfactory Audits across the credit portfolio.
Identify and monitor concentrations, trends and themes in the portfolio , and d irect the preparation of Portfolio Reviews .
Ensure that Risk exceptions in the portfolio are appropriately managed and escalated as required.
Identify names promptly to be added to the Watch List or Criticized and Classified loans, manage criticized and impaired loan processes
Partner with the Business to build a culture of Risk discipline across the organization.
Work closely with the Underwriter team and build an integrated approach to making credit decisions that incorporates underwriter input.
Engage with Wholesale Credit as appropriate.
Engage with other risk stripes and other regions as appropriate, and represent the function in wider platform initiatives.
Engage with Credit Middle Office to understand and enhance controls that exist in the Middle Office.
Ongoing approval of new transactions / portfolio reviews / risk discussions.
Work with / provide credible challenge to Lending Solutions on new products, new initiatives.
Work with the Credit Middle Office to continuously upgrade and trim the Risk Reporting MIS to keep it relevant for the portfolio.
Challenge the status quo. Continuously strive to find better, more efficient ways to do things we do well.
Use technology where we can to strengthen Risk Management practices and products.
Find gaps in Risk Policies / Underwriting guidelines. Work with Risk Policy to upgrade risk management practices.
Minimum 10-15 years in Banking with experience in overseeing a large credit portfolio and structuring complex credit transactions.
Degree in finance or related field; MBA preferred
Strong leadership and business partnership skills
Good communication skills, spoken and written
High level of analytical skills, including financial analysis
Attention to detail and ability to consistently follow Credit Policy
Ability to analyze credit structures and the attendant credit risks
Familiarity and expertise with legal documentation
Ability to understand the business and market context
Preferred knowledge of integrated wealth management (for example, generational planning structures and solutions, portfolio theory/asset allocation, markets)
Formal credit training required with experience and familiarity of all risk types: market, liquidity, reputation, operations, complex derivatives, etc; some workout/problem loan experience preferred
Ability to interact well with clients, senior colleagues and juniors
Ability and willingness to coach and train junior credit risk personnel and lending Advisors
Fluency in Chinese language is preferred as the role will cover clients in China and Taiwan