Credit Risk Director, Community Development Banking - Executive Director

JPMorgan Chase & Co.•New York, NY

11h

About The Position

As a Credit Risk Director in the Community Development Banking team, you will join a growing team of professionals who play an integral role in fulfilling the bank’s Community Reinvestment Act (CRA) mission by financing the construction of affordable housing. You will be responsible for managing a team of Credit Officers; and will take a leadership role in evaluating transactions and credit packages, closing transactions, and monitoring the team’s portfolio of projects through repayment and conversion to permanent financing.

Requirements

10+ years of experience in community development real estate
Experience in affordable housing finance, including Low Income Housing Tax Credits and subsidy financing
Excellent teamwork and customer service, consistently delivering on commitments to colleagues and clients
Leadership and analytical skills, with experience synthesizing information, developing recommendations, making decisions, and problem solving
Project management skills, demonstrating organization, timeliness, execution, and collaboration
Attention to detail
Proficiency in Microsoft Office

Nice To Haves

Master’s or bachelor’s degree with an emphasis on real estate finance or public policy are encouraged

Responsibilities

Develop and lead a team of credit risk professionals in the preparation and review credit packages, including development budgets and project economics
Take ownership of the approval process for new loans, modifications and reviews; provide thoughtful recommendations to senior management on more complex transactions.
Develop a comprehensive understanding of the firm's risk management and control policies and guidelines to ensure compliance and support effective decision-making processes.
Assist in the ongoing development of policies, procedures and guidance specific to Low Income Housing Tax Credit (LIHTC) lending and more broadly at the firm.
Oversee and ensure the accuracy and consistency of analyses conducted by your direct reports.
Emphasize to direct reports the importance of attention to detail, the need to maintain a high-quality work product, and that credit decisions are thoroughly thought out and well supported.
Manage the delegation and distribution of projects, closing timelines and portfolio maintenance across Credit Officers
Have strong understanding of third-party reports, construction loan documents, structuring and loan negotiation
Collaborate and communicate with external and internal stakeholders
Attend site visits and industry events