Risk Management - Affordable Housing Credit Risk - Vice President

Location: Washington, DC, United States

Job Family: Credit Risk

About the Role

At JP Morgan Chase, we are committed to fostering inclusive communities through innovative financial solutions, and our Community Development Real Estate team plays a pivotal role in advancing affordable housing initiatives. As a Vice President in Risk Management - Affordable Housing Credit Risk, you will lead efforts to promote sustainable housing finance while managing credit exposures in a high-impact area of community development. Based in Washington, DC, this role offers the opportunity to influence national housing policies and contribute to the bank's broader mission of economic empowerment. You will work closely with cross-functional teams to evaluate and structure financing for multifamily affordable housing projects, ensuring alignment with JP Morgan Chase's risk appetite and regulatory obligations. Your primary focus will be on conducting thorough credit risk assessments, including financial modeling, market analysis, and due diligence for projects funded under programs like the Community Reinvestment Act (CRA) and Low-Income Housing Tax Credits (LIHTC). You will collaborate with origination, legal, and compliance professionals to develop robust risk frameworks that support scalable affordable housing solutions. Additionally, you will monitor an existing portfolio of community development loans, identifying potential risks from economic shifts or policy changes, and recommending proactive mitigation strategies. This position demands a strategic mindset to balance financial prudence with the social imperative of accessible housing in underserved markets. Success in this role requires deep expertise in real estate credit risk within the financial services industry, coupled with a passion for community impact. You will mentor junior analysts, contribute to internal policy development, and represent JP Morgan Chase in external engagements with housing authorities, nonprofits, and government entities. By joining our team, you will help drive the bank's leadership in responsible finance, leveraging cutting-edge tools and resources to create lasting positive change in affordable housing across the United States.

Key Responsibilities

• Lead the credit risk assessment and underwriting for affordable housing projects within JP Morgan Chase's Community Development Real Estate team
• Develop and implement risk management strategies to support the bank's commitment to affordable housing finance and community reinvestment goals
• Conduct due diligence on multifamily housing developments, including financial analysis, market assessments, and compliance reviews
• Collaborate with origination teams to structure credit facilities that balance risk and social impact
• Monitor portfolio performance, identify emerging risks, and recommend mitigation strategies for existing loans
• Engage with internal stakeholders, including legal, compliance, and business development teams, to ensure alignment with regulatory requirements
• Provide thought leadership on affordable housing trends and contribute to policy development at JP Morgan Chase
• Mentor and guide junior team members in credit risk practices specific to community development
• Prepare reports and presentations for senior management on credit portfolio health and risk exposures
• Represent the bank in external forums, such as industry conferences or partnerships with affordable housing organizations

Required Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; advanced degree (MBA, Master's in Finance) preferred
• Minimum of 7-10 years of experience in credit risk management, particularly in real estate or affordable housing finance
• Proven track record in underwriting and structuring credit facilities for community development projects
• In-depth knowledge of U.S. regulatory frameworks including CRA (Community Reinvestment Act), HMDA (Home Mortgage Disclosure Act), and fair lending laws
• Experience working with government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac
• Strong analytical skills with proficiency in financial modeling and risk assessment tools
• Ability to collaborate with cross-functional teams in a large financial institution environment

Preferred Qualifications

• CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) certification
• Prior experience in community development banking or impact investing
• Familiarity with sustainable finance and ESG (Environmental, Social, Governance) principles in housing
• Leadership experience managing junior analysts or teams in risk management
• Knowledge of DC-area real estate market dynamics and local affordable housing initiatives

Required Skills

• Credit risk analysis and underwriting
• Financial modeling (Excel, Bloomberg, or similar tools)
• Knowledge of real estate finance and valuation
• Regulatory compliance in banking (CRA, fair lending)
• Stakeholder management and communication
• Analytical thinking and problem-solving
• Leadership and team collaboration
• Project management
• Data analysis and reporting
• Understanding of affordable housing programs
• Risk mitigation strategies
• Attention to detail
• Adaptability in a dynamic financial environment
• Negotiation skills
• Proficiency in Microsoft Office Suite and financial software

Benefits

• Competitive base salary and performance-based annual bonus
• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with generous company match
• Paid time off including vacation, sick days, and parental leave
• Professional development opportunities, including tuition reimbursement and access to JP Morgan's internal training programs
• Wellness programs with gym memberships and mental health support
• Employee stock purchase plan and financial planning services
• Flexible work arrangements, including hybrid options in Washington, DC

JP Morgan Chase is an equal opportunity employer.