14 days old

JPMorgan Chase & Co.
New York, NY 10007
  • Job Code
    200005535

Commercial Bank - Risk - Credit Risk- Real Estate Banking - Vice President

Job Description



JP Morgan Chase

JPMorgan 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 http://www.jpmorganchase.com/.


 

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:

The Commercial Real Estate (CRE) group at J.P. Morgan prides itself on leveraging its industry knowledge to offer best-in-class financial solutions across all major real estate asset types: multifamily, retail, office and industrial properties. We work with national and regional clients across the entire real estate sector, including developers, investors, owners, operating companies, investment funds, real estate investment trusts, and non-profit organizations.

 

Real Estate Banking:

Real Estate Banking (REB), a business within CRE, delivers commercial real estate and banking products to top-tier clients active in major markets across the U.S. Primary property types include multifamily, retail, office and industrial properties. REB clients are top-tier national and regional real estate developers, investors, Real Estate Operating Companies (REOCs) and opportunity and investment funds.

REB has broad national capabilities and expertise in real estate credit, including:

  • Commercial and multifamily construction
  • Acquisitions
  • Structured revolving facilities     
  • Term mortgage lending
  • Subscription facilities

  • REB also often assembles and manages large multi-bank syndications to finance institutional quality real estate investments for clients at both the asset and entity level.

 

Firmwide Risk:

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.

 

 

The position is for a contributing member of the deal team within REB Risk who will be responsible for underwriting and facilitating the approval of new commercial real estate loan transactions, as well as the management of a portfolio of commercial real estate credits/relationships in a fast-paced, regulated environment.  The candidate will also be involved in the loan closing/documentation and construction loan draw approval processes.  Candidates should be able to manage certain transactions with little guidance and contribute to more complex transactions with guidance from senior staff.  The role will have customer contact so candidates should have solid communication skills.  

 

Responsibilities include:

  • Performing necessary credit analysis and due diligence on new loan opportunities including preparing Approval to Pitch memorandums for presentation to REB’s Investment Committee
  • Working with client coverage personnel to size and structure loans to mitigate risks
  • Performing final underwriting of loans and Risk Rating recommendations
  • Preparing Credit Approval Packages and recommending approvals to Senior Credit Executives
  • Working with loan administration and client coverage to facilitate loan closings
  • Working with Portfolio Management to ensure creditworthiness of Borrowers/Guarantors/Sponsors and appropriateness of risk grades
  • Ensuring compliance with established underwriting standards and guidelines, credit approval requirements, and other policies and procedures associated with new loan originations
  • Communicating with clients on loan due diligence deliverables 

     

 

 



  • 5+ years of commercial real estate /commercial lending experience;
  • Significant accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts;
  • Strong analytical and business writing skills;
  • Good interpersonal skills with internal partners, counsel, clients and senior management;
  • Strong with Microsoft Word, Microsoft Excel, and Microsoft Powerpoint;
  • Experience in Argus preferred;
  • Experience with cash flow modeling and financial statement analysis;
  • Knowledge of JPMC or similar bank policies and procedures preferred;
  • Completion of a major corporate banking credit training program (or the equivalent corporate banking/corporate finance experience) a plus;
  • BA/BBA required.
Req #: 200005535
Location: New York, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)


Keyword: consumer%20banking

Categories

Posted: 2020-05-11 Expires: 2020-06-10

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JPMorgan Chase & Co.
New York, NY 10007

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