Apply Now    

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

PURPOSE

·         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.

 

KEY PERFORMANCE AREAS

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

KEY COMPETENCIES ESSENTIAL FOR THE JOB

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 REQUIREMENTS

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.