Chase Commercial Banking - Commercial Banking Analyst Program

The following full-time opportunities are available to undergraduate students in their senior year. When applying for this position, please include your cumulative GPA with resume. Please also specify the client area or product segment that interests you the most.

Job Title:Commercial Banking Analyst

Locations:Chicago, Illinois and the surrounding areas

Chase Commercial Banking Business Description
Commercial Banking provides the full range of JPMorgan Chase commercial and investment banking services to entities with annual sales of $10 million to $2 billion. Chase Commercial Banking includes five businesses: Middle Market Banking, Mid-Corporate Banking, Commercial Real Estate, Business Credit, and Equipment Leasing. Our client base extends across the U.S. and includes over 30,000 relationships with companies, foundations, charitable organizations and government agencies. Today, few financial services organizations can match our breadth of services and expertise in this sector.

The Commercial Banking Analyst Program at JPMorgan Chase gives new hires exposure to underwriting, pitching and execution activities as members of diverse and inclusive teams. The Commercial Banking Program includes the three client areas and the two product segments listed below:

Client Areas

I.Middle Market Banking

Middle Market Banking serves entities with annual sales of $10 to $500 million. The group is the second largest Middle Market bank in the U.S. in terms of market share, with a leadership position in 10 of the top 25 major metropolitan areas it serves. Within Middle Market Banking, the principal product is credit: revolvers, term loans, equipment loans, commercial loans and mortgages, and other forms of financing. Middle Market Banking provides financial advice to clients, serving as a conduit to cash management, credit, corporate finance/investment banking, international banking services, and investments.

II.Real Estate Banking

Commercial Real Estate is national in scope and services investors and developers of for-sale housing, multifamily rental, retail, office, and industrial properties. The group leads with loan products and, together with product partners across the firm, supports our cross-selling efforts. Commercial Real Estate also houses Corporate Mortgage Finance, the Real Estate Advisory Group and the Real Estate Banking Mezzanine and Investment Group.

III.Specialized Industries

Specialized Industries is a national Commercial Banking segment that provides dedicated sales, credit, and services to clients throughout the entire United States in the following target sectors: International, Government, Financial Institutions, Not for Profit, and Healthcare.

Product Segments

IV. Business Credit

The Business Credit segment is a leading national provider of highly structured asset based financing for an array of leveraged financing needs. The group is a full service provider with dedicated field examination, collateral monitoring and loan servicing support for both syndicated and sole lender transactions. The Business Credit segment is national in scope and is responsible for all asset-based lending activities originating in both the Commercial Bank and the Investment Bank, serving as a product resource to the entire firm.

V.Equipment Leasing

Equipment Leasing supports the Commercial Banking businesses while also serving as a product resource to the Private Bank, Private Client Services and the Investment Bank. Equipment Leasing works with mid-size companies and large corporations with equipment financing needs. Like the other Commercial Banking business units, the Equipment Leasing segment is also national in scope.

Program Overview

The Commercial Banking Analyst Program is an 18-36 month program designed to develop an analyst’s strong foundation in credit. An analyst will be placed in one of the following five businesses: Middle Market Banking, Real Estate Banking, Specialized Industries, Business Credit, or Equipment Leasing. Placement will be determined based on analyst preference and market need.

As a Commercial Banking Analyst, one is expected to perform as a fully contributing member of the business unit and is also exposed to a variety of businesses within the Commercial Bank. Through this experience, analysts gain an understanding of how the various groups work together to identify and respond to client needs.

Responsibilities of a Commercial Banking Analyst include underwriting (focusing on credit and financial analysis), researching industries and markets, supporting the Banker and Underwriter, and gaining client exposure. Analysts are an integral part of the Commercial Banking team, and have access to senior officers of the firm. Analysts are challenged to perform at the highest levels of excellence in a demanding environment.

Placement within the Commercial Banking Analyst Program will lead to potential career paths as either an Underwriter I or Banker. An Underwriter is a contributing member of the business development team, whose primary function is to develop credit structure for clients. A Banker’s primary role is business development, retaining and growing professional client relationships. Career progression will be determined based upon potential career path, individual performance, and market need.

Entry-level training

A training program of up to 15 weeks includes the following four areas of study:

Financial accounting- presents the concepts and logic underlying the reporting of financial information

Market dynamics- introduces universal principles of financial markets and market-based economics

Corporate finance- equips one with the fundamentals needed to analyze a company's capital structure

Financial and risk analysis- provides a framework for risk assessment

Qualifications:

Candidates interested in the full-time Commercial Banking Analyst Program should have:

  • Completed their undergraduate degrees - All majors are considered; business and finance preferred
  • Cumulative GPA of 3.2 or higher
  • Strong analytical, quantitative, and writing skills
  • Outstanding interpersonal/communication skills
  • Excellent leadership and teamwork skills
  • Strong work ethic and desire to learn continuously
  • Attention to detail
  • Creativity
  • Ability to multi-task within the dynamic environment of the financial services industry to meet deadlines and exceed client expectations
  • Permanent and/or unrestricted authorization to work in the U.S.

Please visit us on-line at jpmorganchase.com/careers to learn more.

JPMorgan Chase is an equal opportunity and affirmative action employer M/F/D/V.