Credit Risk Review Manager

Job Title :

Credit Risk Review Manager

Location : Scottsdale

Scottsdale

What you'll do :

This position is responsible for developing, planning, and executing a quarterly continuous safety and soundness examination model for the Company’s residential mortgage lending units currently known as AmeriHome Mortgage and Correspondent Mortgage Solutions.

The Credit Risk Review Manager in this role will perform and lead activities that evaluate the quality of credit and correspondent counterparty risk management processes and controls executed by the two residential mortgage business units.

The incumbent will also perform continuous assessments of the quantity of credit risk and direction of risk in the underlying residential mortgage portfolios.

This position will report to the Head of the Credit Risk & Review Group and may be based in either Scottsdale, AZ, Las Vegas, NV, Dallas, TX, or Westlake Village, CA.

The Credit Risk & Review Group is organized in two separate, but synergistically collaborative teams comprised of Internal Credit Risk Review and Credit Risk Oversight.

Combined, the two teams represent a consolidated second line risk management organization dedicated to its mission to help ensure the financial soundness of the Company by identifying, assessing, and escalating credit risk to the Board and senior management, and to drive continuous improvement in the quality of the bank’s credit risk management consistent with the risks and complexities of its loan portfolio.

The Group reports functionally to the Directors’ Risk Committee of the Board of Western Alliance Bancorporation and administratively to the Chief Risk Officer.

What we are looking for :

Responsibilities :

• Demonstrate an advanced understanding and working knowledge of the residential mortgage lending market including retail direct lending, correspondent lending, servicing rights, secondary market investors, government sponsored enterprises, and federal regulations as they apply to residential mortgage lending.
• Develop, plan, and execute a continuous safety and soundness examination model designed to identify and evaluate the effectiveness of credit and counterparty risk management processes and controls.
• Conduct continuous portfolio and correspondent counterparty risk monitoring.
• Conduct independent risk assessments of planned new and existing residential mortgage products and lending programs.
• Identify and document quarterly safety and soundness examination results, including any discrepancies or deficiencies in the loan or counterparty files, in a concisely written and constructive quarterly report.
• Monitor credit risk in the residential lending portfolios to identify asset quality deterioration or negative management control trends;

and review compliance with credit policies / underwriting guidelines and regulations.

• Identify areas of increasing risk. Continuous examination is a forward-looking process designed to identify leading indicators that pose a heightened probability of increased credit risks.
• Evaluate MIS data and identify adverse trends of leading and lagging performance indicators.
• Clearly communicate sensitive issues and examination conclusions in a helpful and collaborative manner.
• Foster internal peer relationships that support a culture of trust and interdependence.
• As a resource for credit risk identification, provide technical guidance to the business units on credit policies and control procedures / best practices to enhance quality and consistency.
• Ensure consistent application of enterprise-wide credit policy, as well as Internal Credit Risk Review policies and procedures.
• Assist in performance and completion of special projects as may be assigned on an ad hoc basis.

Qualificatins :

• Experienced credit risk professional with minimum five years of residential mortgage credit risk experience, preferably with a background in residential mortgage underwriting and credit risk management.
• Successful completion of formal credit training program is preferred, but not necessary.
• Previous credit risk review experience is preferred, but not necessary.
• Minimum Bachelor's degree in Accounting, Finance, Economics, or a related discipline.
• Demonstrated understanding of commercial credit principles and strong analytical skills.
• Advanced working knowledge of accounting, financial statements and tax returns, and cash flow analyses, as well as a highly refined ability to make insightful comments relating to a borrower’s current and prospective credit risk profile.
• Strong analytical and problem-solving skills are required. Ability to understand business and industry concepts in order to develop and suggest intelligent, viable solutions to problems.
• Excellent knowledge of banking regulations and prudent commercial lending credit policies.
• Experience reviewing probability of default (PD) and loss given default (LGD) analyses.
• Effective oral, written and interpersonal communication skills with the ability to carry out instructions and instruct others, train personnel, interpret complex documents, understand procedures, write reports, correspondence and procedures, and speak clearly to lenders, management, employees, and regulators.
• Excellent verbal and written communication and interpersonal skills required with ability to present complex and sensitive issues to management.
• Enthusiastic, self-motivated, effective in a dynamic fast-paced environment and willing to demonstrate personal responsibility and accountability.
• Ability to manage multiple tasks concurrently, with a high sense of urgency.
• Works well individually and in teams, shares information, supports colleagues, and encourages participation.
• Flexibility to travel as required.
• Participate in required Bank training, including but not limited to annual BSA / AML / OFAC and Compliance Training.

Compensation : Salary range for new hires is generally $149,295.00 - $175,642.00 for Westlake Village, CA. Salary range for new hires is generally $132,710.

00 - $156,127.00 for Las Vegas, NV. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus / incentives earned and restricted stock.

Benefits you’ll love :

We offer all the important things you'd want like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.

In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!