Risk Management - Home Lending Capital Market Risk - Vice President

Job Description
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 Capital Markets Risk Vice President in Home Lending, you will play a pivotal role in best execution strategies at various points in the mortgage life cycle, spanning across origination, core servicing, and default servicing. Home Lending (HL) Risk team is responsible for developing and executing a risk management discipline where risk and return considerations are appropriately factored into decision making. Key risk management decisions that are supported by Capital Markets include: Held for Investment (HFI) Portfolio origination credit box, HFI Bulk Whole Loan Purchases, Jumbo Private Label Securitization (PLS) initiatives, and ongoing risk oversight and performance monitoring of key credit and portfolio risk management strategies.
The HL Capital Markets and Originations VP Lead will provide independent risk assessments and support key risk management decisions including Mortgage Servicing Rights (MSR), Held for Investment (HFI) Portfolio origination credit box, HFI Bulk Whole Loan Purchases, Mark to Market (MTM) and Jumbo Private Label Securitization (PLS) initiatives, and ongoing risk oversight and performance monitoring of key credit and portfolio risk management as well as ad hoc Counterparty Correspondent Risk oversight.
Job Responsibilities:

• Lead HL Risk team in transactional oversight of securitizations, whole loan bulk acquisitions, and other related initiatives
• Conduct pool risk analysis through evaluation of loan level deal tape stratification, review of loan level underwriting due diligence results, credit box analysis, and assessment of concentration risk
• Have continuous dialog with key stakeholders including HL Chief Risk Officer (CRO), Head of Originations Risk, Capital Markets and Finance
• Track and react to performance monitoring for bulk acquisitions and securitization transactions, providing visibility into expected vs actual performance (prepayment, delinquency, etc.)
• Partner with analytics and loss-forecasting teams to evaluate risk-return tradeoffs for potential securitization and bulk whole loan and MSR acquisition transactions
• Manage procedure documentation, reviewing existing process controls, and identifying gaps or opportunities to optimize effective due diligence
• Partner with HL Correspondent Risk for counterparty due diligence analysis of potential capital markets counterparty transactions and provide support and analysis for Correspondent counterparty and manufacturing quality oversight

Required qualifications, capabilities, and skills:

• Advanced skills in Microsoft Excel, including creating pivot tables and complex formulas. Proficient in Microsoft Word and PowerPoint
• Excellent written and verbal communications skills. Able to synthesize quantitative and qualitative analysis into concise, executive-level communications.
• Demonstrated analytical and quantitative skills, critical thinking, investigative problem-solving and balanced decision making
• Bachelor's degree required.
• 4+ years of experience in Risk, capital markets or related oversight functions in the financial services industry
• Skilled at influencing multiple cross-functional stakeholders and comfortable working in a matrixed environment
• Effective at working independently with meticulous attention to detail, strong organization, and time management skills. Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines.

Preferred qualifications, capabilities, and skills:

• Knowledge of SQL, Python and/or SAS
• Prior experience in mortgage underwriting, securitizations, Mortgage Servicing Rights or bulk whole loan acquisitions
• Experience in counterparty and credit industry and strong domain knowledge in mortgage originations
• Master's degree in Finance, or related quantitative discipline.

About Us
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
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.
Equal Opportunity Employer/Disability/Veterans
About the Team
Our Consumer & Community Banking division serves our Chase customers through a range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. We're proud to lead the U.S. in credit card sales and deposit growth and have the most-used digital solutions - all while ranking first in customer satisfaction.
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.