Credit Risk Manager-Consumer Mortgage

Apply by eMail:15348986.185@jobfrenzy1.com

Description:
GENERAL FUNCTION: Manage credit risk for Mortgage Business. Play a leadership role as a business liaison and team-member with the Business decision makers. Lead analytical group in quantitative model development involving risk, profitability, loss forecasts, loan origination strategies and portfolio management. Provide sound risk guidance based on quantitative fact and experience.

ESSENTIAL DUTIES and RESPONSIBILITIES:
* Mortgage Business Support
o Provide Risk guidance and support for Credit Policy.
o Monitor underwriter processes for Audit and related groups.
o Provide sound advice in asset growth, and/or asset sales to optimize profit and minimize unnecessary exposure to credit loss.
o Provide semi-annual review of portfolio risk strategies for loans held in portfolio and for loans sold on the secondary market.
o Coordinate activities in collections to track and report trends and behaviors.
o Build strong relationships with Sales Management, Product Development and Investor Relations with the support of quantitative facts.
o Establish, update and maintain automated decision engines and custom scorecards.
* Risk Analytics
o Analyze concentrations, product mix, delinquency and loss trending, product optimization, line utilization, originations, whole loan sale performance, etc.
o Assist in the development of risk-based pricing models and loan loss models involving logistic regression and other statistical techniques utilizing SAS.
o Support ALL model design and explanation of model outcome over time.
o Extensive understanding of relational databases and ability to effectively utilize statistical software - particularly SAS.
o Validation, stress testing and documentation of risk models and assumptions.
o Provide statistical support for Consumer Underwriting practices and Key Risk Indicators.
o Identify and implement opportunities for greater efficiencies, risk controls, and profitability for the respective portfolios.
* General Responsibilities
o Support the overall Bancorp risk management goals within the Mortgage Business.
o Leverage analytical capabilities in overall decision making and risk identification.
o Support ad-hoc Line of Business requests for quantitative modeling of potential new business.
o Support Risk capital assessment related to any future mergers and acquisitions.

SUPERVISORY RESPONSIBILITIES: Responsible for managing a professional staff of exempt Credit Risk Analysts through employee development, challenging opportunities, employee engagement, and talent development. Perform general staff management duties relating to performance evaluations, promotions, salary recommendations, and terminations.

This job provides relocation assistance.

This job provides visa sponsorship.

Requirements:
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: * Bachelor's Degree or equivalent experience. * Minimum 10 years of experience in quantitative environment using statistical risk management models - such as Credit Metrics, Credit Risk or KMV. * Minimum 5 years supervisory/management experience. * Experience in a cross-functional environment working with portfolio management and constructing and explaining risk models are essential. * Strong database experience including the use of SAS. MS Office proficiency along with advanced skills utilizing SQL or similar database tools. * Detail oriented with strong oral and written communication skills. * Strong interpersonal skills. * Ability to build business cases that influence stakeholders to change outcomes.
MUST HAVE MORTGAGE EXPERIENCE

Education: Bachelor

Experience: More than 5 years

Travel: None

Apply by eMail:15348986.185@jobfrenzy1.com

Job Created: Fri Oct 30 2009 04:27:14 AM
Last Modified: Fri Oct 30 2009 04:27:14 AM