Director, Credit Risk – Affordable Housing & LIHTC

Testing Site - JPMC; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

JPMorgan Chase is seeking a Credit Risk Director in the Community Development Banking team to lead a group of Credit Officers, evaluate transactions, and guide loan approvals and modifications for affordable housing projects.

You will ensure adherence to risk policies, develop LIHTC lending guidance, supervise analyses for accuracy, and coordinate with internal partners and external stakeholders, including site visits and industry events.

Qualifications

• 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

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 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

Skills

Community development real estate

Affordable housing finance

Team leadership

Analytical skills

Project management

Attention to detail

Microsoft Office

Education

Master’s or Bachelor’s degree in real estate finance or public policy

Job description

JPMorgan Chase is seeking a Credit Risk Director in the Community Development Banking team to lead a group of Credit Officers, evaluate transactions, and guide loan approvals and modifications for affordable housing projects.

You will ensure adherence to risk policies, develop LIHTC lending guidance, supervise analyses for accuracy, and coordinate with internal partners and external stakeholders, including site visits and industry events.