Correspondent Counterparty Risk Manager
Truist
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**Regular or Temporary:**
Regular
**Language Fluency:** English (Required)
**Work Shift:**
1st shift (United States of America)
**Please review the following job description:**
Manage team responsible for the approval, evaluation and ongoing monitoring of correspondent lender relationships. Serve as an escalation point and provide necessary approvals within the granted escalation authority as defined in the Truist correspondent approval guideline. Aide senior and Executive Leadership with effectively deploying strategic objectives for Truist Correspondent Warehouse Lending and Truist Mortgage as a whole. Regularly interact with risk partners to convey routine counterparty activity and escalation rationale.
**ESSENTIAL DUTIES AND RESPONSIBILITIES**
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Lead professional team of Counterparty Risk senior analysts, analysts and specialists responsible for providing detailed analysis and approval recommendations related to critical financial ratios, business model, loan performance and capital adequacy of new and existing correspondent sellers (commercial banks, credit unions, independently-owned mortgage banking companies).
2. Regularly provide reporting to the Enterprise Risk function with client and loan-level assessments including but not limited to: financial risk, performance and quality, credit risk, operational risk, compliance, reputational risk and control assessments. Responsible for calculation of Risk Appetite Framework metrics and reporting to required parties where applicable.
3. Ensure necessary reviews and deliverables are properly prepared and submitted in accordance with approval policy and procedures. Provide ongoing teammate coaching and ensure an effective teammate cross-training program is in place in preparation for times of heightened work volumes.
4. Serve as an escalation point for approval and monitoring processes, particularly when client characteristics or performance does not meet approval guideline requirements. Provide direction for due diligence and documentation required. Provide exception approval as allowed by the approval policy. Demonstrate and apply intense risk management practices and provide timely decisions on actions needed.
5. Coordinate submission of approval recommendation packages to Mortgage Credit Risk partners when required by approval policy. Serve as a critical liaison between Counterparty Risk and Mortgage Credit Risk and facilitate escalated matters.
6. Routinely analyze existing counterparty risk assessment processes and third-party services to determine their continued value and ensure compliance with changing regulations or market conditions.
7. Develop requirements for systematic data collection and create reports once the reporting tools are implemented. Provide routine reporting to line of business leadership, Mortgage Credit Risk and the Mortgage Business Unit Risk Management partners detailing correspondent financial strength, recertification activities, loan performance and other counterparty key performance indicators.
8. Remain up-to-date with industry changes or trends regarding Counterparty Risk Management. Regularly leverage industry sources and news outlets to identify changes in the current market conditions and economic environment.
9. Draft and maintain departmental policies and procedures in compliance with corporate policies that align with the Truist Purpose, Mission and Values.
10. Work with management peers and line of business leadership to design and drive strategic initiatives to better serve the correspondent client base, improve risk monitoring program and implement departmental process improvements.
**QUALIFICATIONS**
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in accounting or finance or equivalent education and related training
2. 7+ years of experience in any combination of risk management, commercial credit analysis, underwriting or financial services compliance.
3. 5+ years of specialized knowledge of counterparty risk, investor guidelines, regulatory changes and mortgage banking.
4. Advanced proficiency in financial statement, corporate structure and product performance analysis.
5. Excellent verbal and written communication skills with an ability to influence business leaders in a meaningful and actionable manner.
6. Ability to develop strategic recommendations based on relevant data and in partnership with line of business leadership and external partners. Ability to work collaboratively and exhibit influence without direct control.
7. Prior leadership/management experience and ability to lead multi-functional teams.
8. Ability to comprehend new or complex matters. Ability to look beyond symptoms to identify root causes of problems and develop solutions.
9. Ability to apply sound judgment and make swift risk-based decisions with confidence.
10. Strong presentation skills and the ability to facilitate productive discussions.
Preferred Qualifications:
1. Master's degree, MBA or equivalent training.
2. 5+ years of management experience.
3. Previous experience in a credit officer, portfolio manager, counterparty risk or related role.
4. Demonstrated proficiency with Microsoft Excel.
5. Previous experience in credit or underwriting adjudication.
6. CMB or AMP designation.
7. Experience leading small to medium-sized projects.
8. Cross-functional team facilitation experience.
**General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
**_Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace._**
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