Director of Risk Management

POSITION RESPONSIBILITIES

Overview:

Direct the planning, organization and management of the channel’s risk management activities to ensure company's protection against financial losses. The responsibilities include defining policies and procedures, ensuring lender compliance with contractual obligations, applicable laws, regulations, corporate policies and procedures; providing management with accurate information concerning the operation and performance of lenders; develop operating methods to ensure established goals are met; review proposed policy changes and recommends modifications; and changes methods to accommodate new policies and programs.

The position has the authority to recommend or suspend and / or terminate customers with cause, and to require customers to change their operations and procedures to conform to The Company requirements. This position is ultimately responsible for managing the overall counterparty risk for the channel. This position is also responsible for ensuring that staff members are trained and act out their responsibilities in accordance with corporate policy.

Director Responsibilities:

•The position requires significant mortgage industry experience and extensive background in managing a mortgage operation. Must be able to lead staff under intense time and volume pressures, including on-site and remote employees. Must be accountable for the overall thoroughness, accuracy and fairness of decision-making by the staff, as well as the timeliness of their work. Must be able to handle all of the personnel duties associated with hiring, training, and managing of staff.
•The position requires the ability to understand the broader internal operations of The Company and ability to work easily across divisional lines. The position must understand and support the corporate move toward a fully automated risk analysis environment. The position requires strong judgment and analytical skills to properly assess risk at the lender level, as well as individual loans, making decisions that effect risk to The Company’s assets. Problems at this level are frequently complex and challenging, with no clear-cut right answer. Must be able to work with others to reach a consensus on difficult policy and lender issues. Must be able to anticipate problems in the operation and risk areas and develop proactive solutions.
•The position requires the ability to work closely with peers in Credit Policy to assure an effective risk management operation. The position must have the ability to work with senior executives in customer organizations to resolve complex and difficult problems and issues.
•The position is responsible for the overall quality of decision making by the staff. Must be able to balance the task of protecting The Company from undue risk, with the equally important task of protecting our relationship with all of our customers.
•May perform other duties as assigned.
REQUIREMENTS
QUALIFICATIONS

Professional Qualifications:
•Bachelor’s degree in Business, Finance, a related field or an equivalent combination of education and / or experience. Advanced degree strongly preferred.
•Minimum 10+ years of mortgage industry experience, including 3 years in management. Experience should encompass origination, underwriting, quality control, servicing and other operational areas.
•Demonstrated management experience must be able to handle staff under intense times and volume pressure, including on-site and remote employees.
•Strong background in staff training.
•Significant mortgage industry experience and an understanding of mortgage underwriting of credit, counterparty, and operational risk associated with assigned lenders are required.
•Demonstrated expertise on all aspects of risk management, including counterparty risks.
•Excellent risk-management, problem-solving, and decision-making skills are required.
•Strong knowledge of computer technology related to the mortgage industry and the ability to manage in an automated environment.
•Strong judgment and analytical skills to properly assess risk at the lender level, as well as individual loans, making decisions that effect risk to The Company’s assets.
•Excellent written and verbal communication skills