Covenants Risk Analyst Job in Columbus, Ohio US
Covenants Risk Analyst
Group Description: Credit Risk Management (CRM) reports into Private Banking (PB) Credit Middle Office. The team monitors all JPMorgan PB exposures (loans, OTC derivatives, and brokerage margin loans) secured by financial (equities, fixed income, etc) and other asset types. They manage intraday transactions and exceptions related to secured credit facilities and pledged collateral. The CRM team is also responsible for global reporting and analytics for portfolio reviews, collateral concentrations (industry, security, country, emerging markets), shortfall trends, derivative exposures, issuer risk, and problem assets. Additionally, the team is responsible for ensuring compliance with all covenant requirements, including escalation where needed. The functions performed by this team are critical to protecting the bank from potential credit losses. Job Description: The analyst will be part of a team with the following responsibilities across the PB domestic portfolio: Review and understand new agreement terms and documentation. Set-up agreement terms regarding covenants in credit systems for ongoing compliance monitoring. If credit systems cannot support the monitoring of the arrangement, set-up the agreement for monitoring offline. Monitor covenants daily and identify non-compliant scenarios. Confirm the accuracy and escalate to Credit and Bankers for resolution plan and date determination. Manage amendments to original agreement terms, including lending value and covenant requirement changes and ensure they are accurately reflected in credit systems for ongoing compliance monitoring. Participate in credit system defect identification, UAT testing, and ongoing business requirement discussions. Respond to Hotline enquiries. Manage initiatives to resolve control gaps and enhance current processes for further efficiency and effectiveness as needed. Provide analysis concerning portfolio as needed. Overtime may be required as determined by business. The analyst will work very closely with Credit Middle Office leadership, Credit, Capital Advisory, and Bankers to manage covenants and unsecured credit exposure, execute client requests, identify and escalate credit issues, and manage risk.