Risk Management -Credit Risk Senior Associate

Job Description
Position Overview:
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 an Asset Management Senior Associate within the Asset Management team, you will be tasked with identifying and monitoring performance risks related to investor-owned loans. You will collaborate closely with borrowers and property management agents to address emerging risks, ensuring that all reporting is completed accurately and promptly while adhering to investor guidelines and requirements. In this role, you will have the opportunity to utilize your expertise in asset management servicing, focusing on multifamily affordable products and investor-owned loans, while demonstrating strong teamwork, exceptional time management, and meticulous attention to detail. You will also be responsible for meeting both team member and team quality and quantity benchmarks.
Job Responsibilities

• Evaluate property performance, market conditions, and borrower financial conditions to identify potential concerns and emerging manage risks.
• Identify, analyze, and synthesize information to determine necessary steps for resolving problems.
• Monitor affordable loans and track construction commitments for compliance with agency agreements and loan documents.
• Oversee rehabilitation projects and review disbursement requests for compliance with agency requirements.
• Assist with cash reporting and remittances to Fannie Mae and Freddie Mac, ensuring accurate and timely submissions.
• Support investor reporting activities, including reconciliations, advances, and special remittances.
• Ensure compliance with Servicing Standards, internal policies, and key terms from loan documents, addressing exceptions as needed.
• Summarize research to respond comprehensively to inquiries from lenders, auditors, rating agencies, and other stakeholders.
• Maintain strong client relations and interact effectively with internal and external customers.
• Documents and maintains procedures for responsible tasks.
• Take on additional responsibilities as opportunities arise.

Required qualifications, capabilities and skills

• Bachelor's degree in Finance, Real Estate, Business, Accounting, or equivalent work experience.
• 4+ years of experience in investor reporting activities, including reconciliations.
• Strong attention to detail and accuracy.
• Familiarity with Fannie Mae and Freddie Mac Multifamily Servicing Guides and systems, such as MAMP, CESIR, eServicing, PRS, CRT and MyOptigo.
• Excellent business communication skills and ability to collaborate effectively with internal departments.
• Ability to multitask and manage competing deadlines with minimal supervision.
• Strong knowledge of commercial and multifamily affordable loan documents.
• Proficient in Excel, with experience using multiple formulas and macros.

Preferred qualifications, capabilities and skills

• 2 years of experience in CREFC Reporting.
• Understanding of forward commitments, bond credit-enhanced mortgages, low-income housing tax credits, and MBS tax-exempt bonds.
• Awareness of current real estate market trends.
• Proficient in Microsoft Office, including Word, Excel, Access, and PowerPoint.

About Us
JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.