The Integral Role of a Credit Risk Director in Community Development Banking
JPMorgan Chase, a leading global financial institution, is seeking an experienced Credit Risk Director to join its Community Development Banking team. This vital role is at the heart of the bank’s operations, ensuring growth in a responsible manner and maintaining resilience. The Credit Risk Director will play a pivotal role in the bank’s ongoing commitment to the Community Reinvestment Act (CRA) by supporting the financing of affordable housing. This position offers a unique opportunity to combine your financial expertise with a passion for community development. To learn more about this role, click Here.
Responsibilities of a Credit Risk Director
The Credit Risk Director will be responsible for a myriad of tasks that are essential in ensuring the steady growth and compliance of JPMorgan Chase. This includes leading a team of credit risk professionals in preparing and reviewing credit packages, taking ownership of the approval process for new loans, and ensuring compliance with firm-wide risk management policies and guidelines.
Other key responsibilities include assisting in the development of policies specific to Low Income Housing Tax Credit (LIHTC) lending and managing the delegation and distribution of projects throughout the team. The role also demands a keen understanding of third-party reports, construction loan documents, and loan negotiation.
Qualifications and Skills
This challenging position requires over 10 years of experience in community development real estate, with a particular focus on affordable housing finance. The ideal candidate should also have a comprehensive understanding of Low Income Housing Tax Credits and subsidy financing.
Excellent teamwork and customer service skills are critical, along with strong leadership and analytical skills. Attention to detail, proficiency in Microsoft Office, and project management skills are also essential. A master’s or bachelor’s degree with a focus on real estate finance or public policy is preferred.
About JPMorgan Chase
As one of the oldest financial institutions, JPMorgan Chase provides innovative financial solutions to consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients. The bank offers a competitive total rewards package, including a comprehensive healthcare coverage, retirement savings plan, and tuition reimbursement, among others.
JPMorgan Chase is an equal opportunity employer, valuing diversity and inclusion. The bank does 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.
About the Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. The team provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
The salary range for this role is USD 166,250.00 – 260,000.00 per year.
