Wealth Management International Private Banking Credit Operations Associate

Singapore, Singapore

Job Description


:

J.P. Morgan Asset & Wealth Management, with client assets of $2.8 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.

The Credit Platform Services Team is part of the Wealth Management Credit Operations group. This team monitors J.P. Morgan Wealth Management exposures (including loans, mortgages & derivatives) secured by financial assets, such as equities, fixed income products and other asset types. The functions performed by this team are critical to protecting the bank from potential credit losses.

Working closely with the Lending Advisors, the team is also responsible for a wide range of functions such as administration and monitoring of Wealth Management Asia credit facilities in line with corporate credit policy, review & monitoring of credit covenants, transaction approval and other special monitoring requirements.

Job responsibilities:

  • Responsible for regulatory reporting, including understanding the regulatory guidelines for Monetary Authority of Singapore (MAS) and Hong Kong Monetary Authority (HKMA), ensuring compliance with regulations, credit policies and internal guidelines.
  • Controls and Management Information System (MIS) reporting for internal Credit Risk metrics including credit exposure, product analytics, threshold reporting and collateral breakdown
  • Exposure and develop automation opportunities for exiting reports using Intelligent Automation tools like Alteryx, Python, Unqork and Xceptor
  • Participate in new product implementations and represent Credit team for feasibility
  • Perform user acceptance test and represent Credit team on Regulatory reporting projects
  • Manage and drive initiatives for Reporting and Covenants team and represent Asia team on cross regional forum
  • Liaise with other International Private Bank primary locations i.e Geneva and Edinburgh to share best practices and provide oversight and coordination with India and Manila teams for outsourced reporting
Required qualifications, capabilities, and skills:
  • Bachelor\'s degree holder with at least 3 years of relevant work experience in a credit middle office or control function, or other work experience in private banking
  • Demonstrated interest in financial markets and understanding of risk measures
  • Ability to adapt in a fast paced, dynamic and changing team environment is essential
  • Confident and outgoing personality, able to deal directly with the senior stake-holders
  • Strong solution based problem solving and analytical skills, able to add value rather than just accept the status quo
  • Strong verbal and written communication skills
Preferred qualifications, capabilities, and skills:
  • Knowledge of automation tools like Alteryx, Xceptor, Visio a plus
  • Knowledge of our current regulatory landscape an advantage
About Us: J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world\'s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants\' and employees\' religious practices and beliefs, as well as any mental health or physical disability needs.

About the Team: J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.\xe2\x80\x8b

JPMorgan Chase

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Job Detail

  • Job Id
    JD1345831
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned