Customer Credit Risk Management Director

Employer
Freddie Mac
Location
McLean, VA
Posted
Apr 05, 2018
Closes
May 07, 2018
Ref
8742BR
Function
Executive, Director
Hours
Full Time
Position Overview
The Single Family Mortgage Credit Risk Management area is currently seeking a Credit Risk Management Director to manage our transactional based group. These responsibilities include but are not limited to; Identify and approve credit eligible Loans or populations of loans for Bulk, Condo Project Advisors exceptions and manage Single loan exceptions. The person hired for this position will be a key member of the Freddie Mac SF Mortgage Credit Risk Management team and will provide guidance, decisions and interpretation on mortgage credit risk related issues to both internal and external customers. This person will also work on a variety of mortgage credit related policies and other initiatives on regular basis. Interacts with senior management as wells as other functional areas, including the customers to provide transactional based decision both for approvals and denials while being responsible for the proactive management of the risk trade-offs facing SF Mortgage Credit Risk Management.

Responsibilities include:

* Identify and approve credit eligible Loans or populations of loans for Bulk, Condo exceptions or Single loan exception transactions.
* Work with internal teams to determine the goals and deadlines for each transaction.
* Assist PAG in defining data fields necessary to complete a credit review.
* Provide a written credit approval to management with identified CPEs.
* When applicable, advise costing of approval parameters and work with the costing rep to ensure proper costing for each deal.
* Work closely with Legal on each Seller contract to ensure credit terms are properly identified.
* Create required credit language and TOBs as necessary for contracting or documentation required to document the approval/exception.
* Create filters in the Portstrat system to be used to identify and remove risk based on a detailed analysis of the credit profile of each deal.
* Update filters in Portstrat as policy and risk change. Perform a verbal due diligence to obtain additional information on the transactions to determine operational as well as credit risk at a customer level.
* Obtain, review, and summarize Seller guidelines to be used for credit r/w in the contracting phase.
* Manage new versions of guidelines to identify changes.
* If Seller guideline risk in any area is unacceptable or cannot be effectively costed for, these items must be noted and conveyed in the Bid Doc and contract.
* Proactively address customer's credit needs by developing creative ways to craft credit terms in contracts, while supporting credit risk management activities by identifying, evaluating and addressing credit risk in the Bulk Deal Forward Commitments negotiated with customers.
* Ensure credit policy compliance in the contract terms by facilitating cross department/division coordination in obtaining appropriate approvals, while following established Overall Transaction Authority and other applicable policies and procedures.
* Manage and communicate credit quality on a customer level by understanding their business model, processes and controls, monitoring performance, and developing corrective action plans as needed.
* Work with Quality Control to manage identified risk trends.

Basic Requirements
* 7-10 years of related experience
* Bachelor degree in Finance, Marketing or Business Administration or related discipline or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired.
* At least 3 years of experience in the primary or secondary mortgage market with underwriting experience preferred
* 2 years of experience in supervision and management with some formal management and organizational effectiveness training in the last 3 years.

Preferred Skills
* Must be able to work effectively in a fast paced, deadline driven environment.
* Must be a team player, motivated, have the ability to perform several tasks at the same time, the ability to manage internal and external customer requests/performance consistently and fairly according to company policy.

Closing Statement
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others. Freddie Mac is an equal opportunity and top diversity employer. EOE, M/F/D/V.