Bring your expertise to JPMorgan Chase. 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 Commercial Bank OREO Officer, you are a part of Risk Management and Compliance and 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.
The Other Real Estate Owned (OREO) Team focuses on risk-management and maximizing the recovery on JPMC’s bank-owned commercial real estate properties.
In addition to the management and disposition of bank-owned properties, the OREO Team plays a key role in advising on non-performing credits, making recommendations to maximize recovery on a loan or OREO asset, and understanding inherent value of the real estate by analyzing property cash flows and working with brokers and other market participants prior to the acquisition of commercial OREO properties.
Job Responsibilities
- Support the Commercial Bank OREO Team in the management and disposition of bank-owned commercial real estate.
- Manage a portfolio of bank-owned commercial real estate properties in the role of OREO Officer to protect the Bank from reputational, compliance, and legal risks, while maximizing the recovery to the Bank on the disposition of the properties.
- Interface with the Special Credits Group (SCG), Credit Originations, real estate brokers, property management companies, in-house counsel, and outside counsel to determine the best solution for the disposition of bank-owned commercial properties.
Lead negotiations when the Bank is in an Agent role on syndicated bank-owned commercial properties.
- Interview, hire, and manage commercial real estate brokers, property management companies, and other vendors.
- Review, negotiate, and execute management agreements, leases, purchase and sale agreements, and other legal documents.
- Analyze monthly financial reports, oversee creation and adherence to the budget, work with property manager on the strategy for each property, and work with internal accounting to maintain accurate and timely reporting.
- Prepare Asset Disposition Plans for the approval of budgets, fair market values, carrying values, minimum sale prices, and disposition strategies.
- Present recommendations and updates on OREO properties to internal and senior management.
Required qualifications, capabilities and skills
- Bachelor’s degree.
- 10 years of professional experience related to the management and disposition of commercial real estate properties, including exposure to managing large syndicates as Agent.
- Strong, clear, and concise verbal and written communication skills.
- Strong Excel and PowerPoint skills.
- High degree of initiative, self-direction and ability to work well under pressure in a demanding environment.
Preferred qualifications, capabilities and skills
- Knowledge of Argus and Rockport VAL a plus.
- Prior management and sales experience preferred, especially in commercial real estate properties.
Risk Management - Special Credits Executive Director
Interface with the Special Credits Group (SCG), Credit Originations, real estate brokers, property management companies, in-house counsel, and outside counsel to determine the best solution for the disposition of bank-owned commercial properties. As part of Risk Management and Compliance, you are at...
Senior Director of Risk Management
A company is looking for a Senior Director of Risk Management for a remote position. ...
Wealth Management Solutions, Trust & Estates Regional Team Lead - Executive Director
Strong ability to communicate with Senior Management, including C-level executives (CEO, CFO, CTO, etc. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. The successful candidate will work closely with the Fiduciary Management team on...
Product/Services Risk Management Associate Director
Change risk management is an overarching responsibility, and the Associate Director will be working closely with the Senior Director on providing oversight of change risk governance, risk identification, and risk mitigation. The Risk Management department plays a critical role in helping to inform b...
Director Membership Standards (Risk Management Role)
The Membership Standards Director manages the Membership Standards function for the organization, ensuring membership and youth protection protocols are followed. Identifies the increasing special needs and challenges facing our youth membership and defines the resources necessary to address those n...
Director of Underwriting Traditional Stoploss
With a team of top industry experts that have been carefully selected by the CEO, Dallas Risk Management provides services that are tailored to address the risks involved during the health insurance lifecycle. Dallas Risk Management (DRM) is a Managing General Underwriter, or MGU, for health insuran...
Director Of Risk Management
Fellow or Diplomat of American Society of Healthcare Risk Managers Associate in Risk Management (ARM) or Certified Professional in Healthcare Risk Management (CPHRM), preferred. Experience in risk management and/or professional liability claims management required. Responsible for designing, organiz...
Director of Credit Risk Management
Director of Credit Risk Management. Develops strategic credit risk assessments that determine the credit risk review plans; evaluates various models used loss forecasting, portfolio stress testing, market trends and other targeted analysis. Advise Board of Directors and Executives of recommended cha...
Risk Management Director
Directs and provides overall strategic management of a global risk management team for a department or line of business. Educates and informs department and line of business leaders about risk and building and effective operational risk management. Prepares and delivers presentations to all levels o...
Product/Services Risk Management Associate Director
Change risk management is an overarching responsibility, and the Associate Director will be working closely with the Senior Director on providing oversight of change risk governance, risk identification, and risk mitigation. The Risk Management department plays a critical role in helping to inform b...