Commercial Bank - Risk - Credit Risk - Vice President
Compensation: $116,363.33 - $170,800.00 /year *
Employment Type: Full-Time
Industry: Financial Services - Banking/Investment/Finance
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JP Morgan ChaseJPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at .Our Firmwide Risk Function Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.Commercial Real Estate Group (CRE) We provide property owners, developers and investors the financial resources they need for real estate investments large and small. These include multifamily lending, commercial mortgage lending, community development, real estate banking and treasury services. We also offer a hands-on, local-market approach that ensures certainty in execution in any cycle. Our clients depend on our speed and efficiency, and we connect them with the resources, local market expertise, and comprehensive line up of products and services available from across the firm. It s part of our relentless commitment to helping them achieve their goals today and tomorrow.POSITION PURPOSE:Performs independent technical/specialized analysis of commercial real estate relationships generally involving more complex and larger size portfolios of $25MM+ of debt collateralized primarily by stabilized apartment complexes.Job Functions:Credit Managers at this grade level consistently apply the highest work standards, effectively prioritize and execute work assignments, and formulate accurate conclusions independently without supervision. Assignments are broad in scope, with considerable latitude for un-reviewed action or significant decision-making. Employees determine/prioritize the work to be accomplished based on knowledge of overall management objectives and select appropriate methodologies independently to produce the desired result. Recommendations and work products are assessed within normal performance review cycles. Performs complex real estate based financial analysis, identifies risk, and interprets data for management's use in rendering sound credit decisions. Analysis is based on property operating statements, rent rolls, schedule of real estate owned and client s financial balance sheet.Completes credit actions (annual family credit reviews) summarizing the financial analysis completed on a client s portfolio including recommendations for future business. May serve as a project leader on special assignments, including the evaluation of income property loan portfolios, training less experienced credit manager/analyst or division employees, and updating credit policies.Formulates new analytical processes and enhances existing reports to improve the quality of information available to top management.Performs necessary real estate based credit analysis, due diligence, and review of documents for new and existing relationships and monitors/manages ongoing performance/risk of accounts within his/her assigned portfolio under limited direction of credit executive. Recognized for superior credit knowledge, real estate lending and transaction knowledge and analytical abilities. Serves as independent, key resource concerning credit issues on assigned portfolio of relationships. A contributing member of the business development deal team, managing the biggest and most complex transactions and relationships with little or no guidance from immediate manager. Serves as a mentor to more junior credit managers and credit analysts. The incumbent should have experience in real estate investment analysis, finance and budgeting, basic legal knowledge regarding suits, liens, judgments, foreclosures (judicial/non judicial foreclosure), garnishments and bankruptcy laws, asset base lending, and commercial lending. While an incumbent may not directly supervise the work of others, they will be expected to work in an autonomous environment while providing guidance to others in Commercial Term Lending. This will be accomplished by responding to credit related questions and identifying training needs.BA/BS degree with major course work in a discipline related to the work of the position.Minimum requirements of 7+ years experience in real estate lending in construction and permanent financing, underwriting, loan review and/or loan workouts.Basic legal knowledge regarding suits, liens, judgements, foreclosures (judicial/non judicial foreclosure), garnishments and bankruptcy laws, asset base lendingComputer proficiency skills in Excel (financial modeling), Microsoft Word, and Access.Standards, practices, methodologies, and regulatory requirements relative to the finance/accounting disciplines.General concepts relating to IRR (Internal Rate of Return) and NPV (Net Present Value) spreadsheet models.Concepts and methodologies relating to database access and maintenance preferred.Deep understanding of Commercial real estate valuation concepts and methodologiesExtensive working experience with property cash flow analysis historical and pro-formaKnowledge of risk rating methodologies and credit risk assessment processes for commercial real estate loans.Demonstrated Ability:Establish and maintain effective relations with internal and external clients as required by the duties of the position.Understand and interpret financial/performance data for multifamily and commercial properties.Become conversant with the policies, standards, procedures, and regulations applicable to the assigned work unit in a timely manner.Understand and apply financial analysis methodologies to achieve/produce a desired result.Express ideas and convey technical information in written, oral, and electronic communication.Interpret results of credit analysis and formulate effective recommendations.Develop mathematical models that produce the desired result.Identify deficiencies in the modeling environment and execute corrective action to forestall or remedy the issue.Provide effective guidance and performance feedback to junior employees and others in Commercial Term Lending.Independently plan and conduct non-routine financial analysis/reporting projects.Ability to serve as functional technical expert in responding to customer inquiries and resolving system related issues.Thorough understanding of risk impact and consequence of errors in formulating decisions and providing direction to others.Employment Type: Full Time
Associated topics: budget, cash, cpa, director finance, equity trading, financial services, fiscal, pay, revenue, tax
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.
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