Internship Credit Risk Modeling Jobs in California

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best in class. 

As a Credit Risk Senior Associate in healthcare leveraged finance, you will manage and monitor a portfolio of non-investment grade and sponsor-backed corporate clients across the US Healthcare industry. You'll access credit risk on leveraged buyouts and recapitalizations, develop independent credit views, and help guide the firm's risk-return decisions through thoughtful analysis, stress testing, and disciplined risk governance. You will also collaborate with business partners across Coverage, Capital Markets, Trading, Payments, and internal risk teams to structure solutions that align with JPMorganChase credit appetite and documentation standards.

Job Responsibilities:

• Manage and monitor a portfolio of leveraged healthcare issuers and sponsor-backed credits, maintaining strong day-to-day risk oversight.
• Track exposure across loans, revolvers, term loans, letters of credit, asset-based lending facilities, derivatives, and other products that create credit exposure for the firm.
• Ensure compliance with internal limits, covenants, and risk appetite; escalate emerging risks and documentation or compliance gaps as needed.
• Conduct scenario analysis and stress testing focused on leverage, liquidity, cash flow resilience, and downside outcomes.
• Develop independent credit opinions and recommend risk decisions supported by clear, decision-ready analysis and rationale.
• Build and review pro forma capital structures and cash flow projection models to evaluate debt capacity, deleveraging paths, coverage, liquidity, and covenant headroom.
• Lead credit due diligence for clients and capital markets transactions, coordinating third-party reports, management meetings, and site visits.
• Partner with Trading to approve and manage hedging exposures and related credit risk considerations.
• Support legal negotiations by reviewing and influencing documentation, credit terms, collateral, covenants, and protections.
• Collaborate with the Asset-Based Lending Credit Team to deliver asset-backed lending solutions, including collateral diligence and borrowing base considerations.
• Coordinate with Payments, Payments Risk, Trade Risk, and Implementation teams to align product structures, guarantees/collateralization, and documentation with credit appetite.
   

Required Qualifications, Capabilities, and Skills:

• Bachelor's degree, required.
• 3+ years of relevant experience in credit risk, leveraged finance, and/or corporate finance.
• Completion of a corporate bank credit training program or equivalent hands-on credit underwriting experience.
• Strong accounting and corporate finance foundation, including ability to interpret financial statements and assess cash flow sustainability.
• Proven financial modeling capability (e.g., pro forma capital structures, cash flow projections, leverage/liquidity metrics, covenant analysis).
• Experience monitoring a credit portfolio, including exposure tracking, covenant compliance, and ongoing credit assessment.
• Ability to produce concise, decision-ready materials for senior stakeholders (memos, recommendations, risk summaries).
• Proficiency in Excel, PowerPoint, and Word in a professional environment.
• Strong written and verbal communication skills, including the ability to articulate risk views clearly and influence outcomes.
• Effective stakeholder management and collaboration skills across front office, product, and risk partners.
• Ability to perform under pressure and manage multiple priorities in a fast-paced deal and portfolio environment.
   

Preferred Qualifications, Capabilities, and Skills:

• MBA and/or CFA (or progress toward CFA) strongly preferred.
• Familiarity with rating agency methodologies and leveraged credit assessment frameworks.
• Experience with stress testing practices, downside case development, and sensitivity/scenario design.
• Experience with Asset-Based Lending structures, including borrowing base analysis and collateral diligence.
• Knowledge of loan and derivative products, including exposure mechanics, documentation concepts, and structuring considerations.
• Experience negotiating or supporting negotiation of credit legal documents (e.g., credit agreements, intercreditor terms, covenant packages).
• Industry familiarity with Healthcare; additional exposure to Sports & Entertainment and/or Business Services is a plus.
   

This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.