Securitized Products Group - Development Risk Manager - Vice President

Development Risk Manager (DRM) - Tax Oriented Investments (TOI) Group

Join a dynamic team at the forefront of affordable housing investment, where your expertise in real estate development risk will help shape communities and deliver impactful solutions. As a Development Risk Manager (DRM) in the Tax Oriented Investments (TOI) group, you will play a critical role in evaluating and managing risks for affordable housing projects utilizing the Federal Section 42 Low Income Housing Tax Credit (LIHTC) program. Based in Chicago, you will collaborate with a team of professionals to ensure successful project delivery from feasibility through construction and stabilization, directly impacting the quality and competitiveness of our investments.

Job Responsibilities :

• Perform preliminary feasibility analysis of prospective investment opportunities from a design and construction perspective
• Conduct initial project underwriting site visits with Origination Officers
• Evaluate qualifications of development teams
• Analyze real estate market conditions and long-term competitiveness of built improvements
• Review site control, entitlements, approvals, soil, and environmental conditions
• Collaborate with third-party consultants to review project design, budget, schedule, and quality control programs
• Present prospective opportunities to the Investment Committee
• Assess sufficiency of construction contract, contingencies, and insurance coverage
• Review project documents for conformance to acquisition guidelines
• Monitor construction and lease-up progress with third-party consultants
• Oversee disbursement of debt and equity contributions
• Maintain project construction and lease-up databases

Required Qualifications, Capabilities, and Skills :

Preferred Qualifications, Capabilities, and Skills :

JPMorgan Chase & Co. offers a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and / or discretionary incentive compensation, paid in the form of cash and / or forfeitable equity, awarded in recognition of 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.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability / Veterans

Base Pay / Salary : Chicago, IL $200,000.00 - $275,000.00 / year