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Manager, Retail Credit Risk Management Job Locations US-TX-Westlake Requisition ID 2019-45430 Posted Date 2 days ago(8/29/2019 12:37 AM) Category Risk & Regulatory Position Type Full time
The Bank's Retail Credit Risk Management team is responsible for developing, managing, and supervising effective risk management strategies for the Bank's loan originations and loan portfolios. Second Line of Defense ("2LOD") credit reviews are performed to evaluate adherence to Bank Credit Policy/guidelines and to monitor credit risk management practices. Exceptions to credit guidelines are reviewed to evaluate alignment with Bank Board-established Risk Appetite Statements, as well as applicable state and federal banking regulations. Comprehensive loan portfolio analyses for Mortgage, HELOC, and Pledged Asset Line (PAL) loan portfolios are performed to monitor credit quality and identify emerging risks within portfolios, and are also used to support and establish the quarterly Allowance for Loan and Lease Loss Analysis (ALLL).
What youre good at
Key responsibilities include, but are not limited to:
Perform front line and due diligence reviews as part of the 2LOD residential mortgage review process for GSE eligible, QM and non-QM loans and credit exceptions
Perform and monitor 2LOD reviews for the other following areas:
External vendor post close quality control reviews for mortgage & HELOC
External vendor appraisal reviews
Internal appraisal reviews
Loss mitigation reviews (Short Sales, Foreclosures, Deed In Lieu, Loan Mods)
Participate in formal monthly oversight meetings with the Bank Credit Team ("BCT", aka the first line of defense or 1LOD) and the Bank's outsourced underwriting vendor, articulating 2LOD review findings, helping to identify trends and training needs and recommending process improvements
Assist with the Retail Credit portion of the Annual Credit Risk Assessment, which would include, but not be limited to:
Testing the Risk & Control Self-Assessment (RCSA) document
Identifying regulatory, compliance, issue management and remediation efforts
Assist with the group's RCSA document, which documents and lists key processes and controls for Retail Credit Risk Management. Responsibilities include, but are not limited to testing and validating that controls are exerted every quarter and assess for continued effectiveness
Assist with requests from regulators, internal audit, and other oversight groups
Assist with other special or ad-hoc projects as assigned
What you have
Bachelor's degree in business, finance or economics; MBA or equivalent preferred
5+ years of experience, with 3+ years of experience with Retail Credit Risk Management focused on residential mortgage lending. Loss mitigation experience would be a plus
General knowledge and familiarity with current mortgage and servicing guidelines and regulations, including GSE underwriting guidelines and QM (Appendix Q) and non-QM regulatory compliance
Manual underwriting and/or due diligence experience involving jumbo loans including complex tax return analysis
Demonstrated ability in applying industry expertise and knowledge to solve complex issues for existing processes and new projects
Strong analytical skills with strategic orientation
Strong project management skills; ability to organize and manage multiple priorities
Strong communication skills, both verbal and written
Strong interpersonal skills, possessing team player and team-building skills
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At Schwab, Own Your Tomorrow embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. Were a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
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: a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law.
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.
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