NAIOP San Francisco Bay Area Chapter: Job Board

Commercial Bank Real Estate Banking- Credit Risk Associate

Company: JP Morgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

The Commercial Real Estate (CRE) group at J.P. Morgan prides itself on leveraging its industry knowledge to offer best-in-class financial solutions across all major real estate asset types: multifamily, retail, office, and industrial properties. We work with national and regional clients across the entire real estate sector, including developers, investors, owners, operating companies, investment funds, real estate investment trusts, and non-profit organizations.

Real Estate Banking:

Real Estate Banking (REB) delivers commercial real estate and banking products to top-tier clients active in major markets across the U.S. Primary property types include multifamily, retail, office, and industrial properties. REB clients are top-tier national and regional real estate developers, investors, real estate operating companies and opportunity and investment funds.

REB has broad national capabilities and expertise in real estate credit, including:

Commercial and multifamily construction
Acquisitions
Structured revolving facilities
Term mortgage lending
Subscription facilities

The business also often assembles and manages large multi-bank syndications to finance institutional quality real estate investments for clients at both the asset and entity level.

Credit Risk Associate Job Description:

As a Credit Risk Associate in Real Estate Banking (REB), you are responsible for the underwriting and management of a portfolio of commercial real estate credits/relationships in a fast-paced, regulated environment. The Credit Risk Associate will also be involved in the loan closing and portfolio management process. Additionally, the Credit Risk Associate supports the preliminary underwriting of potential new deals by supporting the Approval to Pitch process. Candidates should have a good baseline knowledge of credit and lending with the expectation of developing these skills further while in this role. Knowledge of the commercial real estate industry and underwriting is a plus. Strong analytical and business writing skills are necessary. The role will have some customer contact so candidates should have solid communication skills.

Credit Risk Associates work closely with REB Coverage partners, Senior Credit Executives, Portfolio Management, Syndicated Finance, Treasury Services, and Commercial Real Estate Loan Administration (CRELA), therefore ideal candidates exhibits a strong interest in the sector, exceptional work ethic and attention to detail, as well as possess the following attributes:

Champion a culture of collaboration and partnership to balance the needs of the client and the firm.
Stay up to date with industry trends to identify, asses, and anticipate risks in the portfolio.
Find ways to drive efficiency with existing technical infrastructure through automation, while embracing the innovative opportunities offered by new technologies
Embrace a culture of respect, diversity, and inclusion

Job Responsibilities include:

Performing necessary credit analysis and due diligence on new loan opportunities including assisting in preparing Approval to Pitch Memos
Working with Product Specialists and Client Associates to size and structure loans to mitigate risks
Preparing Credit Approval Packages for approvals to Senior Credit Executives including final underwriting and risk rating recommendations.
Working with loan administration and Product Specialists to facilitate loan closings
Working with Portfolio Management to ensure credit worthiness of Borrowers/Guarantors/Sponsors and appropriate risk grades are assigned
Ensuring compliance with established underwriting standards and guidelines, credit approval requirements, and other policies and procedures
Communicating with clients on loan due diligence deliverables

Qualifications:

Bachelor’s degree required
3+ years in a similar banking or credit role, with exceeds level performance
Ability to assess risks inherent in complex credit transactions, then mitigate and underwrite accordingly
Accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts
Outstanding professional reputation and integrity
Strong leadership skills required
Strong analytical and business writing skills
Excellent problem solving, oral, and written communication skills
Superior knowledge of real estate market dynamics and economic drivers