Quality Control Manager Jobs in Chicago, IL

INTRODUCTION

Help protect the quality and integrity of our wholesale lending operations by strengthening controls that support evolving products and processes. You'll build deep expertise in reviewing complex credit facilities and the supporting documentation that underpins them. You'll partner closely with operations, credit, and control partners while developing a strong reputation for sound judgment and objective decision-making. This role offers meaningful visibility through exception and control reporting and opportunities to expand your scope as the business evolves. As a Quality Control Manager in ABL Collateral, you will be part of a team responsible for supporting an evolving landscape of new operational controls and product complexities. Wholesale Lending Services' goal is to provide best in class products and services to our clients that are of the highest level of quality. To meet these standards, as the QC Manager you will be responsible for the delivery of quality reviews on the system of record for new or existing credit facilities.

JOB RESPONSIBILITIES

- Evaluate, identify, and report any inconsistencies between the supporting documentation relative to the borrowing base certificate entered in accordance with internal process and procedures.
- Ensure exception reporting is reviewed and actioned timely
- Ensure control reporting is reviewed and actioned timely
- Adhere to policies, procedures, processes, and Key Performance Indicators
- Collaborate with Operations, Credit, and Controls in resolving items and preparing weekly ad hoc reports when requested

BASIC QUALIFICATIONS

- Experience reading and interpreting loan documentation, client financial documentation, and borrowing base certificates.
- Experience in reading general ledgers, accounts receivable/payable and inventory
- Understanding of the Asset Based Lending product
- Ability to identify client ineligibles and calculate ineligibles based on rules outlined in the credit agreement.
- Demonstrate decision-making skills
- Strong oral and written communication skills
- Analytical mindset with the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity
- Ability to prioritize tasks and pivot in response to new developments

PREFERRED QUALIFICATIONS

- Bachelor's Degree
- Intermediate use of Microsoft Word, Excel, Access
- Experience with loan accounting systems, such as LoanIQ, Dealworks, Aurora, ACE/collateral systems

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 Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors. Commercial Banking provides credit and financing, treasury and payment services, international banking and real estate services to clients—including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations.