Credit Risk Mortgage Manager

KeyBank

(Brooklyn, Ohio)
Full Time
Job Posting Details
About KeyBank
is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture.
Summary
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92.9 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,335 ATMs; telephone banking centers; and a website, Key.com®, that provides account access and financial products 24 hours a day. **About the business:** Key Enterprise Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. The Risk Manager for KeyBank Mortgage reports to the Director of Consumer Credit Risk Management. The Risk Manager is primarily accountable for the development, implementation and governance of a comprehensive framework to manage credit risk in the underwriting function at KeyBank Mortgage. KeyBank Mortgage includes mortgage originations for Retail, Private Bank and Community Development Banking. Job functions include working with Risk Partners, Mortgage Line of Business, Audit, Legal, Corporate Compliance, and Regulatory bodies, to ensure credit, sales, operations and risk management practices are in compliance with KeyBank’s corporate credit policies and risk appetite, investors’ credit policies, and regulatory rulings. **About the job** Lead credit risk oversight for KeyBank Mortgage. Develop Quality Validation process, portfolio reporting, testing, controls and action plans to sustain the business growth within the Risk appetite of the line of business.
Responsibilities
The position is responsible for Regulatory Compliance, Credit Administration and Portfolio Monitoring for KeyBank Mortgage. Assist in the transformation from our current outsourced model to a fully operational in-house Mortgage model. In addition to assisting with the business transformation, the position will ensure the proper testing, controls and action plans are created and procedures are built for timely and accurate processing of credit reviews while maintaining an environment focused on credit quality, service, accuracy and efficiency. Oversight of portfolio risk and product origination through validation testing and portfolio analysis. Monitor delinquency, charge off, credit exceptions, and high LTV tolerance and concentration levels for all products, programs and pilots. Ability to leverage data to analyze performance, develop insights, and effectively partner with and direct analytical resources to optimize operational effectiveness Understands deep and broad business acumen across mortgage operations – as well as solid mortgage banking experience across all aspects of the retail channels. Ensures compliance with regulatory and agency requirements and upholds Fair Lending Practices as well as KeyBank credit policies and underwriting procedures. Collaborate with the Mortgage line of business to identify risks, develop assessments, provide input over controls and testing, advise on and monitor remediation activities and create reporting. Administers KeyBank Mortgage quality validation programs to identify compliance, credit and operational concerns. Create scorecards, develop training and business practices to reduce quality exceptions. Assess emerging risks, provide support for new products, processes and procedures including those for new regulations to ensure consistency and adherence to Key’s Risk Appetite. Serve as the Credit Risk contact for internal audit and regulatory engagement. Ensure the department is following determined workflow and ensures credit quality meets all defined standards, contribute to the strategic priorities for data, information management and reporting.
Ideal Candidate
* Bachelor’s degree or equivalent work experience. * Minimum of 5 years of current experience in 1st mortgage lending including FHA/VA. * Advanced knowledge of FNMA/FHLMC, FHA, VA and USDA, as well as various investor guidelines. * In-depth knowledge of federal and state lending regulations governing real estate lending. * Advanced knowledge of construction lending programs and guidelines * Detailed knowledge of loan processing systems and workflows. * Proven experience with improving workflow efficiency * Ability to articulate decisions and discuss options with confidence * Demonstrated ability to analyze policies, procedures and guidelines in a way that maximizes productivity but protects the level of risk desired * Strong presentation skills * Credit underwriting experience a plus

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