Risk Management -Credit Risk Senior Associate

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.