Independent Risk Oversight – US Mortgages, Director

• Oversee compliance processes for credit portfolio limits, adapting strategies based on prevalent industry trends to ensure optimal management of credit risk
• Maintain a uniform control environment across all portfolios and Centers of Excellence (COEs), managing operational risk, and monitoring key contractual deliverables for smooth operations
• Assess risk judiciously during business decision-making processes, keeping the firm's reputation at the forefront of considerations to minimize potential harm
• Abide by all applicable laws, rules, and regulations, fostering a culture of ethical conduct and business practices within the organization
• Swiftly escalate, address, and transparently report any control issues, enforcing accountability among team members for maintaining high standards of operation
• Acquire profound knowledge of the industry and a deep understanding of the products/services offered by direct competitors for better market positioning
• Gain comprehensive knowledge of applicable laws and regulations guiding policies and practices for Credit Reserve Adequacy and Stress Testing
• Understand the strategic direction of the function, familiarizing oneself with the related systems, theories, and practices for effective oversight
• Monitor and implement the latest trends in credit risk analysis, enhancing forecasting and allowance calculations for credit portfolios
• Lead the oversight of defense processes for credit portfolio management, leveraging knowledge and expertise to influence strategy
• Develop limit methodologies, manage risk, coordinate regulatory interactions, and enhance process controls as part of overseeing credit portfolio limits and stress testing
• Oversee governance discussions, risk mitigation efforts, and deal-based limit constructs, interpreting limits governance, and managing risk activities
• Represent and coordinate the second line of defense in risk appetite engagement, manage risk statements and assessments, identify top risks, and conduct regular reviews of portfolio health
• Engage in ad-hoc work related to risk control as part of routine job responsibilities

• 15+ years of experience
• Proven leadership experience, particularly in overseeing and challenging multiple professional teams
• Ability to oversee and challenge the 1st LOD in their field of expertise
• Background in operational risk management, including the review and challenge of control environments across portfolios
• Insight into strategies for improving business performance, including process enhancements and talent management, vital for reviewing the first line of defense
• Expertise in monitoring and diagnosing portfolio performance, necessary for challenging the first line of defense
• Understanding of risk assessment processes in business decision-making, essential for overseeing the first line of defense
• Experience in managing, addressing, and reporting control issues, including supervising others and enforcing accountability
• Deep knowledge of the finance industry and products/services of direct competition, helpful in reviewing and challenging the first line of defense
• In-depth understanding of laws and regulations that govern finance industry policies and practices
• Comprehensive insight into the strategic direction of the finance function, including related systems, theories, and practices
• Strong awareness of ethical standards in personal behavior, conduct, and business practices, crucial in overseeing and challenging the first line of defense
• Strong leadership skills with the ability to guide teams and devise strategic plans
• Risk management proficiency to evaluate and maintain control environments and managing operational risk
• Ability to identify and execute opportunities for performance enhancement
• Demonstrated competence in portfolio management, specifically in monitoring, diagnosing, and critically assessing portfolio performance
• Established ethical behavior and ability to adhere to laws, rules, and regulations, including experience in reporting, addressing, and questioning control issues
• Impressive communication skills, with the ability to influence and negotiate with a myriad of stakeholders while challenging their perspectives when required
• Demonstrated strategic comprehension of the function with an ability to assess and question relevant systems, theories, and practices
• Proven ability to oversee and critically appraise others effectively, holding them accountable for maintaining standards
• Bachelor's/University degree, Master's degree preferred

Master's degree preferred

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays