Risk Management – Real Estate Review Lead – Vice President

Job Description

Job Description
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 Real Estate Review Lead in the Valuation Services Group (VSG) you will provide real estate valuation risk support to 11 lines of business within the firm by maintaining appraisal and review discipline and independence in accordance with appraisal policy and procedures. You will work with all levels of staff and management within VSG, our LOB clients, and functional support groups to ensure appraisal quality in accordance with best practices and governing regulations. You must have a solid background… in appraisal, appraisal review, and credit risk operations.
Job responsibilities
? To review the adequacy of appraisals of commercial real estate collateral for real estate-related financial transactions (RERFTs) in accordance with JPMC internal appraisal policies/procedures, professional appraisal standards (i.e. USPAP) and federal regulatory appraisal requirements (i.e. FIRREA and IAEG).
? Sound judgment, excellent communication/problem-solving skills and independent decision-making skills are required.
? Collaborate with staff in multiple locations.
Required qualifications, capabilities, and skills
? Minimum 5 years of experience appraising and/or reviewing appraisals of a broad range of commercial property types for financial institutions
? Strong analytical skills, writing ability, and effective oral communication skills are required.
? Must be proficient in Word and Excel, and DCF analysis (Rockport Val is preferred).
? State Certified General Appraiser License
? Must be self-motivated and manage time efficiently to meet service level deadlines.
? A clear and complete understanding of USPAP and federal appraisal regulatory requirements is paramount.
? The candidate should have a broad understanding of financial markets, including underwriting and credit concepts.
? Demonstrated knowledge of various CRE asset types, including office, industrial, multifamily, and retail
? Ability to collaborate with peers and senior management and build consensus when necessary.
? Proven track record of effective management and strong leadership.
? Ability to work across a broad geographic footprint.
Preferred qualifications, capabilities, and skills
? A 4-year college degree
? Ability to analyze properties with varying levels of complexity
? Experience with leading projects, teams.
? MAI designation from the Appraisal Institute is highly recommended, but equivalent advanced education and experience will also be considered.
About Us
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
About the Team
Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment