JPMorgan Chase Commercial Bank - Risk - Real Estate Review Appraiser Sr, Vice President in Culver City, California
JP Morgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers 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 http://www.jpmorganchase.com/ .
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.
To establish adequacy of appraisals of complex residential properties for real estate related transaction decisions in accordance with internal policies/procedures, industry standards and regulatory requirements. Incumbent will engage 3rd party vendors to prepare appraisal reports on real property offered as collateral in connection with various transaction requests; will review and analyze reports upon receipt for compliance with Federal and State regulations including FIRREA and USPAP, as well as for reasonableness of value conclusion.
Appraisals not deemed adequate require modifications and/or corrections by the appraiser or rejection of the appraisal by the Review Appraiser. Participate in monitoring market and development risks. Coordinate relationships with appraisers and provide appropriate guidance in order to ensure integrity of the valuation process. In conjunction with management, support the external audit process with additional information and clarification as needed. Participate in management meetings and assist immediate supervisor in managing the office operations and training less experienced personnel. Lead or participate in key projects (e.g. complex assignments, diversified duties and management of related assignments are typical) and specialized research. Sound judgment and independent decision making are required.
Bachelors or Master’s degree required
State Certified General Appraiser License required
Minimum 10 years’ experience appraising and/or reviewingappraisals of high-end residential property types for high net worth clients
Ability to analyze properties with extremely complexcharacteristics
Project and people management experience preferred
SRA designation from the Appraisal Institute or an equivalentadvanced education is required
Strong analytical and writing ability
Strong oral communication and presentation skills are required
Must be proficient in Word, Excel, and Appraisal Managementsoftware
Must be self-motivated and manage time efficiently to meet servicelevel deadlines
Deep knowledge of local real estate areas and neighborhoods andgood understanding of other markets served
Strong understanding of regulatory requirements and environment.Broad financial market understanding including underwriting and credit concepts
Demonstrated knowledge of high-end residential real estate typesand borrowers
Demonstrated understanding of information technology andoperational concepts, including databases, data management and workflowmanagement
In-depth Understanding of various high-end residentialconstruction types, flood/environmental hazards, earthquake and zoningconditions
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
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