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Wealth Management - Mortgage Underwriting Quality - Team Leader

Req #: 170077852
Location: Mumbai, MH, IN
Job Category: Asset Management
Potential Referral Amount: 20000 Indian Rupee (INR)
J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
Roles & Responsibilities:
Wealth Management - Mortgage - Team Leader


·         This team supports the JPMorgan Private Banking Mortgage Origination business.  The team is responsible for the validation of loan underwriting by the Mortgage Underwriting team and ensure the loan confirm to the internal Credit policy. The loans usually belong to Private Banking HNW and UHNW clients. The functions performed by this team are critical to mortgage origination business.  Individuals may work directly with Mortgage loan originators; US based operations group and other internal/external partners throughout the Mortgage origination life cycle Supported functions.



1)       Achieve daily production targets on a consistent basis and turnaround Priority reviews within the stipulated timelines.

2)       Maintain over 99.5% internal and 100% external accuracy on a consistent basis.

3)       Get cross-trained and work on multiple processes.

4)       Maintain high hygiene standards and follow all process controls with no lapses.

5)       Assist in data collection / report preparation on various metrics.

6)       Identify & escalate issues on assigned reviews and escalate exceptions, procedure gaps to management.

7)       Interact with different stakeholder to resolve process issues and play key role in adding process controls.

8)       Processing/ Production -90% of the daily productive time, 10% - Non BAU activities, Business initiatives, process reporting, process trainings/ huddles

9)       Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation


1)       Excellent Communication Skills.

2)       Good Analytical skills with an attention to detail, Quick Grasping and Retention.

3)       Coordination and Team work

4)       Time Management, Flexibility & Adaptability to changes.

5)       Willingness to work in US, ASIA & EMEA shifts.

6)       Exception Handling & Subject Matter Expertise, Challenges status quo.






Minimum Qualifications

Bachelor’s degree in Commerce or Science

Post Graduate in Finance, Well versed with Financial & Banking Concepts and Residential Loan Life Cycle.

Minimum Experience

4+ years of underwriting experience; in US Mortgage Originations preferably with Jumbo Loans.


Technical Skills

Deep understanding of all stages of Mortgage Originations.

Deep Understanding & experience of Underwriting concepts

Proficiency in all US Mortgage Origination Documents.

Excellent knowledge of US Mortgage Concepts & Ratios.

Working knowledge of major US Mortgage Regulations.

Good MS Office skills.

Experience in MIS generation, distribution and data analysis & knowledge quality tools.

Must have had exposure to production management, work allocation, prioritization, exception handling, and process documentation.

























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