CCB- Risk- Home Lending Servicing and Capital Markets Risk – Managing Director CCB- Risk- Home Lending Servicing and Capital  …

in New York, NY, United States
Permanent, Full time
Be the first to apply
in New York, NY, United States
Permanent, Full time
Be the first to apply
CCB- Risk- Home Lending Servicing and Capital Markets Risk – Managing Director
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers 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

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.

Chase Consumer & Community Banking (CCB) serves consumers and small businesses with a broad range of financial services, including personal banking, small business banking and lending, mortgages, credit cards, payments, auto finance and investment advice. Consumer & Community Banking Risk Management partners with each CCB sub-line of business to identify, assess, prioritize and remediate risk. Types of risk that occur in consumer businesses include fraud, reputation, operational, credit, market and regulatory, among others

This role is Managing Director for Home Lending (HL) Servicing and Capital Markets Risk. The Managing Director will be a key member of the Risk Management leadership team for Chase Home Lending. The Managing Director will be responsible for managing and proactively identifying risks within the owned and 3rd Party serviced portfolio and for developing strategies to mitigate those risks while appropriately balancing impacts to customer experience and business profitability. This Managing Director role is responsible for capital markets transaction review and approvals. The ideal candidate must be able to effectively collaborate with Servicing and Capital Markets businesses, as well as other risk and control partners.

Key areas of responsibility include but not limited to:
  • Develop an effective risk oversight structure through active engagement with the servicing and capital markets business units being supported. Drive decisions through the appropriate governance.
  • Maintain servicing and capital market policies consistent with Home Lending Risk Appetite and investor/insurer requirements.
  • Assure proper escalation of all risk issues within Firm-wide governance framework.
  • Participate in external reviews by investors, Government Regulatory bodies and Public Ratings Agencies
  • Manage HL Capital Markets risk engagements and oversee bulk transactions covering MSR and whole loan trades.
  • Provide HL Risk engagement for independent credit, compliance, profitability, and counterparty due diligence assessment of all strategic initiatives
  • Direct risk monitoring for performance of the HL owned and serviced mortgage portfolios, including delinquency/loss rates and MSR purchases/sales/flows, while providing visibility into expected vs. actual performance (prepayment, delinquency etc.)
  • Provide effective challenge and continuously strive to find better, more effective ways to provide risk management oversight while supporting portfolio return objectives

Essential skills, experience, and qualifications:
  • 15 years experience within a Home Lending Risk or a related senior risk leadership role
  • Knowledge of capital markets activities and associated risks
  • Strong knowledge and keen interest in financial markets and residential mortgage products
  • Prior experience in managing market risk for mortgage products is a plus
  • Extensive knowledge and understanding of Mortgage Banking regulatory principles and rules
  • Credit knowledge and experience with policy, collateral evaluation, underwriting, etc.
  • Direct experience of leading successful negotiations with key external parties and industry bodies (incl. Regulators, GSE's, MI's, etc).
  • Current experience of operating successfully with executive level individuals, improving the risk management maturity and capability across multiple business functions (e.g. marketing, operations and distribution)
  • Ability to establish new functions, associated processes and drive innovation
  • Excellent partnership and team management skills, with ability to work closely with the various risk and business/functional teams
  • Ability to manage a team of ~20 employees in a diverse and collaborative environment
  • Strong organizational, control, project management, communication and negotiation skills
  • Ability to summarize and explain clearly complex information to a wide range of audiences (C-suite, senior leaders, audit, controller, finance, model developers, regulators and controls).