Mortgage Servicing Rights Executive Director- Home Lending Risk
JPMorganChase
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 Mortgage Servicing Rights (MSR) Executive Director in our Home Lending (HL) Risk team, you will be responsible for developing and executing a risk management discipline where risk and return considerations are appropriately factored into decision making. You will also oversee independent risk, manage and approve new or existing extensions of credit and review counterparty risk arising from potential investment activities. Additionally, you will also be responsible for analysis of credit opportunities, supporting the structuring of transactions, identifying risks, conducting due diligence, exerting credit approval authority and monitoring performance.
Job Responsibilities include:
- Oversee bulk MSR acquisitions, sales and other servicing portfolio related initiatives
- Manage MSR acquisition pool selection through evaluation of loan level deal tape stratification, credit box analysis, and assessment of concentration risk
- Track and react to performance monitoring for MSR purchases, sales, sub-servicing and flows both at an individual transaction and aggregate program level, providing visibility into expected vs actual performance (prepayment, delinquency etc.)
- Partner with analytics and loss-forecasting teams to identify potential portfolio sale opportunities and to evaluate risk-return tradeoffs for potential portfolio sale transaction
Required qualifications, capabilities and skills
- Bachelor’s degree
- 10+ years of experience in Risk Management, Capital Markets or related oversight functions in the financial services industry
- Strong Microsoft PowerPoint and Excel skills
- Strong, clear, and concise written and verbal communication with ability to edit and prepare executive level communications.
- Excellent organizational and project management skills; able to manage competing priorities under tight deadlines
- Proven ability to collaborate and build strong partnerships.
- Intellectual curiosity with a proven ability to learn quickly
- High degree of initiative, self-direction, and ability to work well under pressure
- Demonstrated analytical and quantitative skills, critical thinking, investigative problem-solving and balanced decision making
- Adept at interfacing with analytics, credit policy and loss forecasting subject matter experts to drive risk assessments. The individual must be comfortable working in a matrixed environment
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Knowledge of programming languages such as SQL, Python, SAS
Preferred qualifications, capabilities and skills
- Experience in market risk and valuation for fixed income products
- Prior experience in mortgage underwriting, MSR acquisitions, or bank servicing portfolio management
Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Equal Opportunity Employer/Disability/Veterans
Join our team as a Mortgage Servicing Rights Executive Director in Home Lending risk!