Risk Management - Transaction Risk, Senior Associate

Posted 13 Hours Ago
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Chicago, IL
Mid level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
As a Transaction Risk Management Senior Associate, you will manage client payments, assess risks for treasury products, establish credit facilities, respond to risk alerts, and provide risk mitigation recommendations, ensuring operational strength and resilience.
Summary Generated by Built In

Job Description
As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Transaction Risk Management Senior Associate in our Middle Market Banking Group, you will play a key role in managing client payments and reviewing treasury service facilities. You will assess and determine appropriate risks for treasury product clients, establish and review credit facilities, and provide risk mitigation recommendations. You will also respond to risk alerts and assess risk profiles, ensuring a thorough understanding of various treasury service products and operating platforms. Your role is crucial in maintaining the resilience and strength of our operations.
Job Responsibilities:

  • Researches overnight overdrafts and works with client coverage team to resolve.
  • Returns, approves or acknowledges transactions (within authority) that contribute to overnight overdrafts.
  • Follow ups with Banker, Treasury Service Officer, Client Service Officer when clients have excessive overdrafts.
  • Reviews and approves intraday overdrafts within authority related to wire or book transfer activity, Automated Clearing House (ACH) transactions and international collections when necessary.
  • Ensures that new or transferred clients fit within the business model
  • Establishes and reviews or updates treasury service facilities.
  • Responds to risk alerts and assesses risk profile utilizing transaction and usage information.
  • Provides treasury service risk mitigation recommendations for complex client situations.
  • Coordinates special handling of payments from accounts in bankruptcy or liquidation.
  • Possesses a strong knowledge of various treasury service products, operating platforms, and how to navigate the firm to pursue resolutions.
  • Builds strong relationships and maintains open communication channels with client coverage team and product partners to act as subject matter expert.


Required qualifications, capabilities and skills

  • BA/BS/BBA degree is required
  • At least 3 years' experience in commercial banking/lending including experience
  • Demonstrated excellent verbal and written skills, interpersonal skills, and analytical and problem-solving skills
  • Excellent organizational and project management skills; able to manage competing priorities under tight deadlines
  • Proven ability to collaborate and build strong partnerships.
  • Intellectual curiosity with a proven ability to learn quickly
  • High degree of initiative, self-direction, and ability to work well under pressure


About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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The Company
HQ: New York, NY
289,097 Employees
Hybrid Workplace
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.

Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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