Risk Management-Asset Based Lending Field Exam-Associate
Updated: June 14
New York
86.4
2.1mi
Job Abstract
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 the Asset Based Lending (“... more details
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 the Asset Based Lending (“ABL”) Field Exam Associate, you will perform a wide variety of due diligence activities at client/prospect facilities (throughout the US, Canada, and Europe) related primarily to asset based credit facilities originated and managed by Commercial Banking’s ABL unit.
Field Exam plays a key role in upfront and ongoing due diligence related to secured credit facilities (from less than $1 million to in excess of $1.5 billion) by analyzing client/prospect collateral and financial information and are performed on the client’s premises. Examiners generally work in teams (often teams of 2). Examiners must be able to build strong customer relationships while performing accurately.
Job responsibilities
Obtaining and analyzing client accounts receivable, inventory, and accounts payable data and historical performance
Obtaining an overview and understanding of the client’s collateral and financial performance
Preparing (new credit facility) or verifying (existing credit facility) a borrowing base calculation.
Verify the existence of inventory through physical inspection
High level assessment of internal controls and financial reporting
Documenting tasks performed on Excel based field exam template
Prepare a written report using field exam template
Required qualifications, capabilities, and skills
BS in Accounting, Finance or Economics strongly preferred, other majors considered based on experience
Strong interpersonal and relationship development skills.
Effective business writing skills. Proficiency in Microsoft Excel, Word and Outlook
Analytical skills with attention to detail and accuracy. Intellectual curiosity and ability to problem solve
Ability to think critically while working in a fast paced environment
Minimum 3 years commercial lending, field exam, accounting or auditing experience
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