About the Job
The Corporate Responsibility (CR) Division is responsible for the development and implementation of the firm's CR agenda by crafting goals, policies and initiatives that align with and support the firm's business strategies, reflect our values and support the communities where we do business. The Division includes Global Philanthropy, Global Government Relations and Public Policy, the JPMorgan Chase Institute and Sustainable Finance.
Corporate Responsibility is seeking an Associate for its [New York/Washington, D.C./Chicago] office, in connection with its recently announced AdvancingCities initiative. AdvancingCities is a new $500 million, five-year initiative to create greater economic opportunity in cities around the world. It applies insights from JPMorgan Chase’s proven model for impact in Detroit, Chicago, and Washington, D.C., and combines the firm’s lending capital, philanthropic capital, and expertise to make investments in cities.
The Associate will support the Head of Flexible Capital in the implementation of the Flexible Capital initiative, a key component of AdvancingCities. The Associate will play an important role in providing research, analysis, and logistical support to the team. Flexible Capital is a collaboration across JPMorgan Chase’s lines of business (LOBs) to deliver capital to advance inclusive economic growth in low-income communities. The firm anticipates working with Community Development Financial Institutions (“CDFIs”) whose geographic targets and missions align with the firm’s philanthropic objectives within its major markets. The Firm anticipates funding to such institutions on terms that are more flexible that the firm’s business units currently offer. The Associate will also support other cross-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. This individual must be someone who can navigate across Lines of Business and balance needs that are sometimes at odds: mission-alignment; impact; client demands; operational needs; and structuring requirements.
Market scoping and assessment
•Support research of market needs that advance CR objectives within given markets
•Support LOB efforts to identify opportunities for new product development
Loan Origination / Underwriting – Supports Head of Flexible Capital
•Assist in origination of deals by conducting initial due diligence on potential transactions, including site visits, as required
•Support negotiation and execution of term sheets and loan documentation, including development of financial covenants
•Support loan closings, maintaining closing checklists and loan files
•Manage deal approval, including preparation of memorandums and presentations to internal approval committees
•Provide support for the management of the existing Flexible Capital portfolio, reporting on both financial and impact outcomes
•Support the selection, collection, organization, and synthesis of impact outputs, outcomes, and impacts in partnership with external clients
•Develop, edit, and format internal and external presentation decks, memos, and talking points
•Support JPMorgan Chase’s Communications and Marketing teams on the execution of the Flexible Capital public relations strategy both internally and externally
•Proactive development of high-quality content in partnership with internal teams and clients that promotes the work of Flexible Capital and the work of our clients
Organizational and Logistical Support
•Manage loan pipeline
•Coordinate internal meetings (including but not limited to Loan Committee and Portfolio Management Review Committee)
•Work with LOBs, operations, and other control group functions to support booking, accounting, and transaction management
•2-4 years of client-facing and transaction experience; knowledge of CDFIs and experience with their different programmatic lending areas ([affordable housing], charter schools, health centers, grocery) is a plus
•Experience in community development banking, corporate finance, investment banking, or lending preferred, but not required
•A demonstrated passion for community development finance and/or social enterprise
•Strong analytical skills
•Strong project management and interpersonal skills
•Strong writing and editing skills
•Strong interpersonal skills, including the ability to work collaboratively across Lines of Business and proactively cultivate relationships with a diverse range of internal and external partners
•Entrepreneurial spirit and comfort with ambiguity
New York: https://jobs.jpmorganchase.com/ShowJob/Id/212741/Corporate-Responsibility-–-Sustainable-Finance-–-Associate-Flexible-Capital/
Washington, D.C.: https://jobs.jpmorganchase.com/ShowJob/Id/212739/Corporate-Responsibility-–-Sustainable-Finance-–-Associate-Flexible-Capital/
JPMorgan Chase strives to be a catalyst for meaningful, positive and sustainable change in communities across the globe. JPMorgan Chase annually invests more than $250 million to create pathways to opportunity so that individuals have access to the knowledge, skills, resources, and capital they need to secure their futures and compete in the global economy. Our programs seek to address key drivers of economic inequality experienced by vulnerable populations around the globe through four key focus areas: Community Development, Jobs and Skills, Financial Capability, and Small Business. Please visit JPMorgan Chase & Co. Corporate Responsibility for more information.