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Business Card Acquisition Management Policy - VP

Columbus, OH, USA | J.P. Morgan

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Risk Management
  • Experience:
    5-7 years
Job Description:
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Develop, train, and implement new Risk Policies as needed to meet risk and business objectives.

Responsible for timely change management process relating to annual and off cycle Acquisition policy, strategy, procedure revisions.

Timely completion and communication of monthly RCSA processes and support of action plans as needed. 

Support Corporate Fair Lending Quarterly testing for corporate liability.

Key contributor to development of and implementation of process improvements, system enhancements and MIS creation for the departments.

In conjunction with obtaining lending authority for Risk role, accountable for approving credit recommendations and ensuring underwriters make appropriate decisions.Includes providing feedback on credit reviews real time and management of monthly lending philosophy/decision calibrations.

Provide risk oversight of the personnel responsible for the underwriting of new Business Card account applications across multiple and international sites, and from multiple channels.

Provide guidance and feedback as needed on complex and high risk Corporate Liability, J&S and Personal High Line applications.

Ability to independently manage credit decision escalations; identifies when further escalation is appropriate.

Oversight includes ensuring staff adheres to Risk Policies.Oversight also includes KYC/AML requirements, government regulations and overall procedures at times as well.

Participate in development, implementation or execution of actions to meet department objectives and goals and/or cross-functional projects as needed.

Shares responsibility for Net Credit Loss performance for Corporate Liability and High Line J&S and Personal Card Relationships. 

Provides ongoing leadership and mentoring, particularly for Lending staff.

Participates in and adheres to the execution of change management initiatives.

Through testing, ensures data integrity exists in current and newly developed reporting; ensures MIS sufficiently covers all processes measured (timeliness, accuracy, completeness, etc.).

Contributes to the development of risk strategies to ensure bottom line business objectives are met. 

Establish cross-functional partnerships and networks to contribute and execute cross-functional and business initiatives.

Redirects and identifies resource needs to meet strategic objectives and initiatives. 

Develops creative solutions to business issues.

Individual contributor position with at least 5 years commercial lending experience.Ability to earn sufficient lending authority.

BA/BS degree or equivalent, advanced degree preferred.

Superior Commercial credit analysis skills.

Ability to coach and direct staff in making consistent and high quality credit decisions, particularly related to credit acquisition decisions.

Working knowledge of CCS departments and other JPMC departments.

Communication and interpersonal skills needed to interface with individuals at all levels within JPMC.

Strong leadership skills with a good understanding of the prevailing business environment to provide sufficient oversight to credit risk trends for individual decisions and overall trends in new applications.

Ability to identify and implement risk management and process improvements.

Good understanding of risk management concepts, credit tools (commercial bureau, MIS, forecasting) and credit regulatory requirements.  

Good knowledge of credit policies and procedures.

Good process and project management skills.

Ability to apply technology to achieve business objectives.

Ability to work independently or as a team with peers and higher levels of management.

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