SVP, Portfolio Management
Cenlar

Job Info

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The SVP, Portfolio Management implements the company's governance and monitoring strategies to effectively manage the credit, counterparty, and ESG risks associated with the mortgage portfolio and bank's balance sheet. Through monitoring, oversight, and strategic advice to senior leaders they ensure CENLAR operates within its risk appetite and credit-related limits, and within regulatory expectations. This position is responsible for credit risk reporting used throughout the company to identify and assess credit risks. The SVP, Portfolio Management strategically interacts with and influences first line of defense business officers to mitigate and manage credit-related risks, and with Enterprise Risk Management personnel in the development and oversight of the company-wide credit policies, and the Chief Growth Officer in the evaluation of credit-related risks for new business initiatives. The position monitors external and emerging risks, particularly around counterparties with whom we conduct business (e.g., subservicing clients and strategic suppliers), and benchmarks CENLAR's credit practices to deliver industry-leading performance amongst its benchmark peers. Finally, the SVP, Portfolio Management advises on Client and Agency strategies the business can execute to optimize credit performance.

Responsibilities:

• Credit Risk Management: Develops and implements credit risk policies and procedures to manage the risk associated with mortgage assets and the balance sheet, ensuring compliance with CENLAR's standards, risk appetite, and regulatory requirements.
• Portfolio Risk Assessment: Continuously monitors and assesses the credit quality of CENLAR's portfolio of balance sheet assets, identifying potential risks and ensuring and directing timely execution of mitigation strategies.
• Counterparty Risk Evaluation: Evaluates and monitors the creditworthiness of counterparties and concentration risks, including clients, suppliers, and any other parties having a material impact on CENLAR's book of business.
• Impact Analysis: Effectively Assess the Impact to Cenlar's Balance Sheet caused from Servicing Errors and Omissions Risk on Client Serviced Loans, or cases where Cenlar may have to assume Credit Risk Liability, without acquiring the loans involved with the Servicing Errors and Omissions.
• Sustainability Integration: Incorporates sustainability considerations into credit risk assessments, ensuring that environmental, social, and governance (ESG) factors are factored into decision-making processes.
• Stress Testing and Scenario Analysis: In coordination with the second line of defense and Finance, participates in stress testing and scenario analysis to evaluate the impact of adverse economic conditions on the portfolio and develops mitigation and contingency plans.
• Regulatory Compliance: Ensures compliance with all relevant regulations and guidelines related to credit risk management that apply to CENLAR's business and operating model.
• Risk Reporting: Prepares and presents detailed risk reports to senior management and the board of directors, highlighting key risk exposures, current trends, and mitigation actions.
• Policy Development: Collaborates with first and second lines of defense in the development and updates of credit risk policies and procedures, ensuring they are aligned with CENLAR's risk appetite, regulatory requirements, and benchmarked to industry leading practices.
• Policy Execution: Works with business leaders to develop departmental goals impacting credit performance, and provides effective feedback and guidance on a regular basis while creating the right accountability measures.
• Team Leadership and Development: Leads, mentors, and develops the credit risk management team and key business partners supporting the team's efforts and influencing the company's efforts, ensuring they have the requisite skills and knowledge to effectively manage risks associated with the mortgage portfolio.
• Stakeholder Communication: Liaises with internal and external stakeholders, including agencies, regulators, auditors, investors, clients, and suppliers, to communicate the organization's credit risk management strategies, practices, and positions.
• Off Balance Sheet Servicing Performance: Works with servicing operations groups to define and optimize strategies to improve Agency and Client portfolio credit performance, as reflected on their respective scorecards.
• Product Development: Collaborates with divisions to assess the credit risks associated with new bank products and services, and works with stakeholders to establish appropriate controls and monitoring to identify, assess, mitigate, and report on such risks.

Qualifications:

• Bachelor's degree or equivalent experience
• Master's degree preferred
• Minimum of 15 years of experience in mortgage operations including previous experience providing direction to operational business groups to influence credit performance
• Strong leadership skills to inspire outstanding performance through collaboration
• Effective listening, communication and presentation skills to present complex topics to senior management and the Board in a persuasive manner
• Strong problem solving and analyzing skills to come up with a mutually acceptable solutions utilizing available resources with diverse perspectives
• Excellent coaching and counseling skills
• Excellent organizational skills and ability to manage multiple large-scale complex projects enterprise-wide
• Proven people, strategic and tactical leader
• Resourceful and broad mortgage industry knowledge
• Ability to plan strategically as it relates to business unit responsibilities
• Ability to conceptualize long-term business goals and develop orderly process of planning to accomplish goals
  
  

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