What are the responsibilities and job description for the Risk Management - Credit Risk, Lead Credit Officer – Agency & Institutional Capital - Vice President position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. 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 Vice President in the Risk Management - Multifamily Credit Risk team, you will leverage your credit training and previous experience with Fannie Mae and Freddie Mac multifamily loans to assess the creditworthiness of clients, properties, and markets for new loan originations.
Job Responsibilities
- Evaluate and underwrite Freddie Mac and Fannie Mae conventional and small loan requests for various multifamily asset types nation-wide with thorough product knowledge of Agency guidelines.
- Independently manage the transaction, timeline, and deal team during the due diligence process with minimal supervision.
- Effectively communicate and collaborate with bankers, analysts, transaction managers, clients, brokers, legal counsel, Agency contacts, and other key stakeholders.
- Identify, analyze, and approve due diligence documents and third party reports (appraisal, engineering, environmental, and zoning reports) required for loan submission and approval. Provide timely comments and requests throughout the due diligence process to ensure accuracy and acceptability of information received.
- Analyze borrower organizational structure and required parties’ financial statements, schedules of real estate owned, contingent liabilities, and credit histories.
- Conduct property site inspections and borrower interviews in accordance to Freddie Mac and Fannie Mae Guide requirements.
- Analyze property historical financial statements, budgets, rent rolls, third party reports, and market data to develop an underwriting cash flow proforma.
- Draft Transaction Approval Memos which effectively assesses the transaction strengths, risks, and mitigants identified in the evaluation of the quality of the collateral, compliance of the borrowing entity structure, creditworthiness of its key principals/guarantors, and the strength market.
- Present Transaction Approval Memo and underwriting cash flow proforma to Credit Risk for loan approval.
- Train and mentor junior Credit Officers and Credit Analysts.
- Contribute to platform infrastructure and processes through special projects.
Required Qualifications, Skills And Capabilities
- BS or advanced degree with business focus
- Minimum of 5 years of experience in commercial real estate which might include credit or structuring experience
- Significant CRE multifamily knowledge
- Strong verbal, written, and interpersonal skills
- Strong analytical and problem solving skills
- Advance proficiency in Microsoft Excel and Word.
- Experience with Fannie Mae and Freddie Mac applications
Preferred Qualifications, Skills And Capabilities
- Completion of a major corporate or commercial bank credit training program
- Experience in using CLOSER (Commercial Loan Origination Securitization Enterprise Reporting)