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As the Head of Servicing Operations, the leader will be responsible for teams supporting the Commercial Bank’s Commercial Real Estate (CRE) lines of business and Non-CRE businesses and their portfolios of loans, tax credits & letters of credit. The CRE lines of business include Commercial Term Lending (CTL), Off Balance Sheet (OBS aka Agency), Community Development Bank (CDB) and Real Estate Banking (REB). This new role will oversee a broad, global and diverse team including 200 FTEs and spanning 8 cities in 3 countries. The products supported include traditional revolving and term lending, and also include a significant construction loan and tax credit portfolio, subscription lending and Agency portfolio including Freddie Mac and Fannie Mae loans.
The leader will be responsible for ~$180 billion portfolio. This new team will be a combination of the loan servicing portions of the prior CTL, Commercial Real Estate Loan Administration (CRELA), OBS and Loan Accounting teams. With the ongoing integration efforts related to the First Republic integration (FRB) plus the expansion of off-balance sheet lending, the complexity of lending products and servicing requirements continue to increase. The team operates on two primary loan systems (Strategy and Advanced Commercial Banking System) and post FRB integration, and all four CRE businesses will have deals spanning both systems. The Ops leader will need to create the vision and strategy for significant transformation agenda to address these increasingly complex needs of the business and customers. The leader will have to synthesize and rationalize the operating models and develop a roadmap envisioning the future state of our technology, automation, site-strategy and talent all while improving our risk and controls environment.
This executive leadership role will drive a strong people and controls agenda across the WLS Real Estate organization and lead with the firm’s vision and values. The individual will also be responsible for leading & driving common initiatives across WLS as needed. Full P&L responsibility for the Servicing Operations Cost Centers, including Activity Based Costing (ABC) rates used to allocate costs back to the LOBs.
The individual will report to the Head of the WLS Real Estate Product Vertical and be a member of the leadership team.
Job Responsibilities:
Required Qualifications, capabilities and skills:
Preferred Qualifications, capabilities and skills:
Full Time
Banking
$230k-337k (estimate)
06/06/2024
08/05/2024
jpmorganchase.com
MCKINNEY, TX
>50,000
1968
>$50B
Banking
For over 200 years, JPMorgan Chase & Co has provided innovative financial solutions for consumers, small businesses, corporations, governments and institutions around the world. Today, we're a leading global financial services firm with operations servicing clients in more than 100 countries. Whether we are serving customers, helping small businesses, or putting our skills to work with partners, we strive to identify issues and propose solutions that will propel the future and strengthen both our clients and our communities. 2017 JPMorgan Chase & Co. JPMorgan Chase is an equal opportunity and... affirmative action employer Disability/Veteran.
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