Description

Bring your expertise to 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 Commercial Real Estate Appraisal Reviewer and Quality Assurance Reviewer in Risk Management, you are responsible for both conducting internal Quality Assurance checks of appraisal review work and directly engaging in the review of external appraisals for complex commercial and multifamily properties. This position requires the ability to work collaboratively across teams and communicate effectively with highly-skilled review appraisers, managers, and senior managers.
The role involves both independent and team-based responsibilities, with a focus on maintaining high standards of quality and compliance in all appraisal review activities. Given the dual nature of the role, you will need to be flexible, adaptive, innovative, a self-starter, a skilled time manager and an effective multi-tasker are all important.

Job Responsibilities

• Engage and review external appraisals on moderate to complex commercial and multifamily residential properties in connection with real estate related financial transactions
• Complete internal Quality Assurance Reviews (QARs) of review/evaluation work prepared by domestic and international IB Appraisal staff and/or engaged external reviewers.
• Review and analyze real estate valuation appraisal reports and appraisal reviews for compliance with JPMC policies, procedures, and guidelines, and for compliance with regulatory requirements (e.g. USPAP, FIRREA, IA&EG, Dodd-Frank, and Red Book.)
• Assess the quality, reasonableness, and completeness of staff and external reviewer work-product development and reporting.
• Complete appraisal reviews to JPMC's minimum appraisal and evaluation standards and appropriate regulatory guidelines
• Provide clear, concise written and verbal communication regarding appraisal and/or review findings and recommendations.
• Monitor and evaluate the quality of appraisal vendors engaged by the team.

Required Qualifications, Capabilities and Skills

• State Certified General Real Estate Appraiser
• Minimum of 15 years of full-time experience in the appraisal profession, including at least 5 years as a CRE review appraiser for a financial institution.
• Extensive experience in appraising and/or reviewing a wide variety of commercial and multifamily residential property types
• Real estate appraisal courses equivalent to those required for the MAI designation
• Comprehensive knowledge of appraisal theory, generally accepted practices, regulatory requirements, and appraisal management.
• Excellent mathematical, interpersonal, and communication skills (oral and written).
• Proficiency with Microsoft Office suite products, especially MS Word and MS Excel.
• Proficiency with ARGUS Valuation products (DCF-15)
• Demonstratable experience in utilizing AI models (LLM) to streamline everyday workflow

Preferred Qualifications, Capabilities and Skills

• Bachelor's degree
• MAI/AI-GRS and/or FRICS/MRICS designation(s) or equivalent; or completion of the Appraisal Institute's general and advanced course curriculum and professional experience requirement for the MAI designation or equivalent.
• Previous work experience in a banking/regulatory environment

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.