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Corporate Responsibility: CRCP Associate
JPMorgan Chase & Co., 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, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.
Corporate Responsibility Overview:
The Corporate Responsibility (CR) department oversees the development and implementation of the firm’s CR agenda and initiatives by crafting goals, policies and initiatives that align with the firm’s business strategies and operational objectives and support communities where we do business. CR includes Global Government Relations, Global Philanthropy, Sustainable Finance, and the JPMorgan Chase Institute.
The Community Reinvestment Act (CRA) is a regulation that requires banks to invest, lend, and provide other services to low- and moderate-income communities across their footprints. The Community Reinvestment & Community Partnership (CRCP) Organization is responsible for engaging with lines of business to provide strategic direction to meet the firm’s CRA obligations, collecting and reporting CRA-eligible activity, engaging in and responding to regulatory requests, and advocating for CRA policy. The CRA Program & Exam Management Team, a part of the Community Reinvestment and Community Partnerships (CRCP) group, is responsible for CRA-related regulatory engagement, CRA program and exam management, CRA data collection, qualification and regulatory submission, as well as technical compliance (public file, sunshine reporting, etc.). The team also uses its CRA expertise to guide and advise towards achieving the highest level CRA regulatory rating for JPMorgan Chase Bank. The unit works with other teams in the CRCP group on CRA strategies and performance targets, helps monitor performance against those targets and may help devise action plans to address any performance weaknesses.
The CRA Qualification Analyst will report to the CRA Qualification Team Manager. This is an independent contributor role, requiring strong attention to detail and execution skills, as well as the ability to independently drive key deliverables. Primary responsibilities of the role include execution of transactional-level reviews to determine and document CRA eligibility, providing response to regulatory exam requests, and supporting process enhancements to drive operational efficiency and account for changes with regulatory requirements.
The ideal candidate will have experience with transactional-level reviews while maintaining a high-level of both accuracy and productivity. Experience reviewing loan and/or investment documentation is preferred. Attention to detail, ability to get up to speed quickly and to operate in a nuanced and highly regulated environment are a must. The ideal candidate will be able to play a leading role in enhancing the CRA eligibility review process and other projects, as well as participate in regulatory exams.
- Execute transactional-level CRA eligibility reviews for loans and investments
- Understand and apply CRA regulatory requirements and guidance
- Serve as a point of contact for inquiries about CRA eligibility and requirements
- Project management/support
- Understand policy changes, assess impacts and assist with readiness efforts to ensure compliance with any changes
- Identify and document best practices and drive implementation of process improvements
- Strong technical skills, especially Excel, Word, and PowerPoint/PitchPro. Familiarity with TOAD/SQL queries is preferred.
- Ability to quickly develop proficiency in regulatory requirements, changes, implications, marketplace dynamics and the economic environment
- Experience with project management
- Ability to navigate and communicate effectively across lines of business throughout the Firm
- Must be a detail-oriented self-starter who possesses excellent investigative research abilities along with strong organizational and time management skills
- Exceptional written and oral communication skills are a must
JPMorgan Chase & Co., 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.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm’s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm’s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.
Equal Opportunity Employer/Disability/Veterans
About the Team
Job posted: 2022-11-02