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JPMorgan Chase Risk Management - Principal Risk Vice President in Chicago, Illinois

Bring your expertise to JPMorgan Chase. 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 Principal Risk Vice President, you will focus exclusively on tax-oriented investments (TOI) which is comprised of two segments which monetize tax credits - Affordable Housing and Green Energy (wind, solar, and emerging technologies). You will work closely with the TOI Risk Executive to manage bespoke risk in this unique structured equity portfolio, ensuring that it has the full scope of required risk management and oversight; this is a new position created to assist with managing the robust growth occurring within the Green Energy space which is priority of JPMorgan senior management. Principal investments are typically privately held financial instruments representing ownership interests or other forms of junior capital, primarily TOI and private equity investments made to enhance or accelerate the Firm's business strategies. Principal Investments have unique risk due to their illiquidity, lack of market transparency and their "first loss" or junior capital status. TOI comprises a substantial majority of the Principal Risk portfolio.

Job Responsibilities

  • Serve as Risk transaction lead for US tax equity investments where JPM is monetizing tax credits via a structured equity investment in a renewable energy or multi-family housing project.

  • Apply critical risk judgment to challenge underwriting assumptions, developing an independent view of conclusions, due diligence sufficiency, and technical considerations related to project investments.

  • Work closely with Business partners and be actively involved in the structuring, negotiation and execution of transactions. Join front office on site visits and diligence sessions.

  • Approve investments while serving on investment committees.

  • Use credit underwriting and analysis skills to risk grade renewable energy Sponsors not covered by Wholesale Credit Risk.

  • Conduct portfolio management activities, including approving amendment and waiver requests, and monitoring renewable energy investments by performing Credit Reviews with Analyst support.

Required Qualifications, Capabilities and Skills

  • Bachelor's degree in quantitative discipline

  • 7+ years of work experience in Wholesale Credit Risk, Tax Equity, Project Finance or Asset-Backed Securities

  • Experience in structuring, negotiating and executing structured non-recourse transactions

  • Good knowledge of technical aspects and project documents

  • Strong credit analysis skills, familiarity with financial statements and strong financial modeling skills

Preferred Qualifications, Capabilities and Skills

  • Sector experience across power & energy (including renewables) or multi-family real estate (Low Income Housing Tax Credits)

  • Experience in tax equity - renewable energy or LIHTC

JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans

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