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Job Description
About Us:
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.
Department:
To that end, Impact Finance, as part of Corporate Responsibility, deploys the Firm’s principal capital to support the philanthropic objectives noted above and strategic initiatives such as our $30bn Racial Equity Commitment. The Impact Finance has built out a multi-asset impact investing and lending platform to advance these objectives. The team makes low-cost loans to mission-driven financial intermediaries, such as Community Development Financial Institutions (CDFIs); it also makes equity investments in funds and early-stage, mission-driven companies that advance the Firm’s impact objectives. For more information on the team and its portfolio, please visit https://www.jpmorganchase.com/impact/our-approach/impact-finance .
The team’s investments span multiple themes (Affordable Housing, Small Business, Financial Health, the Future of Work, and Sustainability), and contribute to strategic Firm commitments such as the $30bn Path Forward , a commitment to advance racial equity.
Description and Responsibilities:
The team is seeking an experienced finance professional who is eager to leverage their financial acumen to drive social and environmental good. To date, most of the group’s debt transactions have focused on CDFIs. As the Impact Finance initiative grows, the team is also diversifying the counterparties and geographies we extend credit to, and via different products (e.g., equity investments in credit funds).
The candidate will play a critical role to drive continued expansion of the team’s transaction activity and build out this diversification effort: developing strategy and market landscaping, navigating internal approval processes, and working across the organization to source, structure, execute, and monitor transactions. Counterparties and structures under consideration could include: SBICs, credit funds, impact-oriented CLOs, and other structured finance opportunities.
As the firm executes on its sustainability strategy, Impact Finance is also seeking more transactions at the intersection of sustainability and inclusive growth, to ensure everyone has the opportunity to participate in the transition to a lower-carbon economy (e.g., energy efficient affordable housing; financing installation of distributed generation assets on community facilities via financial intermediaries)
The team member will also support other cross-Line of Business (LOB) efforts seeking to utilize capital to support strategic CR initiatives.
We are seeking a driven self-starter with a passion for and fluency in both traditional and mission-driven finance. The ideal candidate will be able to manage and execute the following responsibilities:
- Support development and implementation of expansion efforts of credit opportunities for Impact Finance
- Lead market scoping and assessment
- Develop materials to articulate product objectives, strategies, and implementation roadmap
- Partner with subject matter experts across Global Philanthropy and Corporate Responsibility to integrate latest research and thought leadership into Impact Finance investment strategies
- Liaise with senior partners across the organization to ensure seamless integration of lending activities
- Interface with partners on companion teams within the LOBs (i.e., Community Development Banking; Real Estate Banking; Energy Banking) to align offerings and partner where appropriate
- Lead execution of New Business Initiative Assessments (where required); obtaining necessary approvals for product implementation
- Drive transaction sourcing, evaluation, and portfolio management
- Serve as relationship manager and primary point of contact with prospective borrowers or GPs
- Lead due diligence and structuring process
- Prepare materials for, and lead presentations to, the Impact Finance Loan or Investment Committees
- Lead portfolio management processes for originated transactions, including periodic due diligence, reporting, and valuation updates; present to appropriate Valuation and Portfolio Management Forums
- Conduct impact assessments for each investment opportunity, partnering with IF’s Impact Engagement lead and colleagues in Global Philanthropy
- Support ongoing team needs related to business planning, impact reporting, marketing and communications efforts
- Market development and thought leadership
- Engage with key partners to advance market development and scaling
- Where required, represent JPMorgan Chase and the work of Corporate Responsibility at client events, conferences, industry convenings and other external events
Qualifications:
- A demonstrated passion for social enterprise, community development, development finance and/or impact investing
- 5-7 years of client-facing and transaction experience in community development banking, corporate finance, investment banking, or lending
- Ability to independently formulate business strategy, construct compelling narratives, and present to senior executives
- Strong presentation skills, able to present complex opportunities plainly and succinctly
- Unequivocal focus on risk management
- Entrepreneurial spirit and comfort with ambiguity
- Ability to navigate and influence a highly-matrixed organization
- Acts with urgency, initiative, and ownership to drive results
- Entrepreneurial spirit and comfort with ambiguity
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.
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. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the “WELL Health-Safety Rating” for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
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.
Equal Opportunity Employer/Disability/Veterans
