Risk Management-Transaction Risk Senior Officer- Associate
JPMorganChase · Plano, TX
- On site
- Full-time
- $120,000 / year
- Plano, TX
Job highlights
- Assess credit risks for payments products.
- Partner with internal teams and external clients.
- Analyze data and develop risk mitigation strategies.
- Stay updated on industry trends and regulations.
- Contribute to risk technology and policy development.
About the role
Risk Management Transaction Risk Senior Officer
Bring your expertise to JPMorgan Chase. 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.
The TS Payments Risk team provides product risk expertise on TS Payments Products, independently challenges the structure and suitability of the TS Payments Products offered to a client and approve product specific deviations, where relevant. As an associate in TS Payments Risk you will serve as a Subject Matter Expert for WCR on the payments Lines of Business, product offerings, payments flows and systems. The Team establishes the minimum requirements and risk management practices that govern the risk associated with TS Payments Products.
Job Responsibilities
- Review TS client credit downgrades, bankruptcies, receiverships, liquidations and assignment of the benefits of creditors.
- Develop strong relationships and partner with bankers, credit officers, special credit group, legal, operations, Bankruptcy Service Operations and TS sales and service for risk coverage including downgrades and deterioration events including bankruptcies.
- Prepare for events based on market activity or upcoming events including client, event and country crisis management, Rapid Exposure Drills (RED) risk mitigation actions.
- Conduct thorough deep dive risk assessments of TS Payments Products, identifying potential credit (and other) risks, and recommend appropriate mitigation measures.
- Analyze data and leverage analytical expertise and TS Payments product knowledge to develop targeted updates for management, portfolio reports and support adhoc strategic asks
- Stay abreast of industry trends, regulatory changes, and emerging risks in the Treasury Services landscape, and proactively adjust risk management strategies as needed.
- Work with senior team leads to make decisions balancing the best interests of the firm and clients, to maximize beneficial outcomes.
- Assist in developing policy and procedure to drive governance, awareness and control across credit risk with regards to Payments.
- Own executing against daily deliverables and own and contribute to medium/long-term projects including opportunities to participate in working groups and help drive the risk technology agenda.
Key skills/competency
- Risk Management
- Transaction Risk
- Credit Risk
- Payments Products
- Data Analysis
- Risk Assessment
- Policy Development
- Client Relationship Management
- Problem Solving
- Technology Platforms
Skills & topics
- Risk Management
- Transaction Risk
- Credit Risk
- Payments
- Financial Services
- Risk Assessment
- Data Analysis
- Policy Development
- JPMorgan Chase
- Officer
How to get hired
- Tailor your resume: Highlight your 3+ years of experience in credit or risk disciplines, emphasizing accomplishments relevant to transaction risk and payments products.
- Showcase analytical skills: Quantify your achievements in data analysis, risk assessment, and developing presentations for senior audiences.
- Demonstrate adaptability: Emphasize your ability to operate in a time-sensitive environment, multitask effectively, and make real-time decisions using critical thinking.
- Highlight relationship building: Showcase your experience in fostering productive relationships across large, matrixed organizations and your strong control mind-set.
- Prepare for technical questions: Be ready to discuss your knowledge of TS Credit Risk management, relevant policies, and experience with credit systems like ICRD and CRRT.
Technical preparation
Master TS credit risk management policies and practices.,Familiarize with credit systems like ICRD and CRRT.,Practice data analysis for risk assessment.,Understand payment flows and product structures.
Behavioral questions
Describe a time you managed conflicting priorities.,How do you build relationships in a large organization?,Explain how you handle time-sensitive decisions.,Give an example of a proactive risk mitigation.
Frequently asked questions
- What are the key responsibilities for a Risk Management Transaction Risk Senior Officer at JPMorgan Chase?
- As a Risk Management Transaction Risk Senior Officer at JPMorgan Chase, you will review client credit downgrades, bankruptcies, and other financial distress events. You will conduct risk assessments of payments products, develop mitigation strategies, analyze data, and partner with various internal teams and external clients. You will also contribute to policy development and risk technology initiatives.
- What qualifications are required for the Risk Management Transaction Risk Senior Officer role at JPMorgan Chase?
- A Bachelor's degree and a minimum of 3 years of direct experience in Credit or related risk disciplines are required. You should also demonstrate an ability to operate in a time-sensitive environment, strong analytical and communication skills, and experience with credit systems and risk reporting tools.
- How does JPMorgan Chase approach risk management in their TS Payments Products?
- JPMorgan Chase's TS Payments Risk team provides product risk expertise, independently challenges product structures, and approves deviations. They establish minimum requirements and risk management practices to govern risks associated with TS Payments Products, ensuring responsible business growth and resilience.
- What kind of career growth can I expect as a Risk Management Transaction Risk Senior Officer at JPMorgan Chase?
- This role offers opportunities to deepen your expertise in payments risk, contribute to strategic projects, participate in working groups, and drive the risk technology agenda. JPMorgan Chase typically provides pathways for professional development and career advancement within its Risk Management division.
- How important is technology proficiency for this Risk Management role at JPMorgan Chase?
- Technology proficiency is important. The role requires the ability to learn and use technology platforms including credit systems, ICRD, CRRT, and other risk reporting tools. Connecting pieces in siloed structures and fostering relationships across business lines within a large, matrixed organization are key.