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Commercial Bank Risk - Asset Valuation Manager, VP

Req #: 170103197
Location: Chicago, IL, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
Vice President – Asset Valuation Manager
Chicago


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

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.


JP Morgan Equipment Finance

JP Morgan Equipment Finance works with clients in all lines of business to provide customized equipment financing solutions.  Equipment Finance targets a wide-range of asset types; trucking, manufacturing, medical, aircraft, rail and marine.

 
Equipment Finance provides financing solutions across;
  • True Lease
  • Customized fixed and floating rate loans, including tax-exempt options
  • Conditional Sales Agreement
  • Terminal Rental Adjustment Clause (TRAC) Lease
  • Synthetic Lease
 
Position Summary
  • The Vice President – Asset Valuation Manager will be responsible for the collateral valuation of equipment and managing any equipment related risks in support of JP Morgan Equipment Finance’s New Business, Portfolio Management, and Control and Compliance. 
  • The primary job responsibilities include equipment value forecasting, residual setting, appraisal management, industry research, residual monitoring, and assisting in end-of-lease activities. 
  • Work closely with the JPMEF sales and structuring organizations to develop new business proposals while focusing on the transaction’s collateral value.
  • Solid communication skills (written and oral) are necessary to effectively work with all levels of JPMEF management, as well as with customer senior management. 

*LI-POST

Experience

  • This individual will be a generalist having a minimum of 10 years of experience valuing a wide variety of collateral types:
    • Trucking
    • manufacturing
    • medical
    • aircraft
    • Rail
    • Marine
    • General Capital equipment
  • The position requires solid knowledge of various equipment financing products including operating leases, conditional sales, sale / leasebacks, terminal rental adjustment clause (‘TRAC’s”), and synthetic leases. 
  • Having a working knowledge of equipment finance documentation is required, as well as a solid understanding of lease pricing, strong business judgment, and risk assessment skills.
  • The successful candidate must have the ability to use a wide variety of research resources, including technical publications, library materials, on-line databases, consultant services, industry and technical experts, and secondary market contacts.
  • Hands-on experience with remarketing, including equipment sales, renewals, terminations, and repossessions.  Proven negotiation skills and a successful track record in portfolio management and end of lease sales and disposition are required.
  • Strong computing skills are preferred.  

Education

  • Undergraduate business or technical degree.
  • MBA would be desirable.
  • American Society of Appraisers designation would be preferred.
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