Risk Management - Home Lending Capital Market Risk - Vice President

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.