11 days old

Commercial Bank - Risk - Real Estate Review Appraiser Sr, Vice President

JPMorgan Chase & Co.
Chicago, IL 60602
  • Job Code
    190093793

Commercial Bank - Risk - Real Estate Review Appraiser Sr, Vice President

Req #: 190093793
Location: Chicago, IL, US
Job Category: Real Estate Finance
Potential Referral Amount: US Dollar (USD)

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 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.

 

To establish adequacy of appraisals of complex residential properties for real estate related transaction decisions in accordance with internal policies/procedures, industry standards and regulatory requirements.  Incumbent will engage 3rd party vendors to prepare appraisal reports on real property offered as collateral in connection with various transaction requests; will review and analyze reports upon receipt for compliance with Federal and State regulations including FIRREA and USPAP, as well as for reasonableness of value conclusion.  


Appraisals not deemed adequate require modifications and/or corrections by the appraiser or rejection of the appraisal by the Review Appraiser.  Participate in monitoring market and development risks. Coordinate relationships with appraisers and provide appropriate guidance in order to ensure integrity of the valuation process.  In conjunction with management, support the external audit process with additional information and clarification as needed. Participate in management meetings and assist immediate supervisor in managing the office operations and training less experienced personnel.  Lead or participate in key projects (e.g. complex assignments, diversified duties and management of related assignments are typical) and specialized research. Sound judgment and independent decision making are required.

 

 

Experience:
  • Bachelors or Master’s degree required
  • State Certified General Appraiser License required
  • Minimum 10 years’ experience appraising and/or reviewing appraisals of high-end residential property types for high net worth clients
  • Ability to analyze properties with extremely complex characteristics 
  • Project and people management experience preferred 
  • SRA designation from the Appraisal Institute or an equivalent advanced education is required
 
Skills:
  • Strong analytical and writing ability
  • Strong oral communication and presentation skills are required
  • Must be proficient in Word, Excel, and Appraisal Management software
  • Must be self-motivated and manage time efficiently to meet service level deadlines 
  • Deep knowledge of local real estate areas and neighborhoods and good understanding of other markets served
  • Strong understanding of regulatory requirements and environment. Broad financial market understanding including underwriting and credit concepts 
  • Demonstrated knowledge of high-end residential real estate types and borrowers
  • Demonstrated understanding of information technology and operational concepts, including databases, data management and workflow management
  • In-depth Understanding of various high-end residential construction types, flood/environmental hazards, earthquake and zoning conditions



Keyword: consumer%20banking

Categories

Posted: 2019-11-07 Expires: 2019-12-07

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Commercial Bank - Risk - Real Estate Review Appraiser Sr, Vice President

JPMorgan Chase & Co.
Chicago, IL 60602

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