Counterparty Risk Program Manager

Program ManagerProgram ManagerFull TimeRemoteLeadTeam 1,001-5,000H1B No SponsorCompany SiteLinkedIn

Location

United States

Posted

4 days ago

Salary

$58.7K - $98.6K / year

Seniority

Lead

Bachelor Degree10 yrs expEnglish

Job Description

Counterparty Risk Program Manager

LoanCare

• Lead and oversee the Counterpart Risk Management program for clients with whom LoanCare has a potential or existing contract relationship, including affiliates. • Ensure compliance with ERM policies, risk appetite, applicable regulatory requirements, including NYDFS, CFPB, OCC, Federal Reserve, and FDIC, as well as client expectations. • Manage day to day departmental activities to ensure successful implementation and ongoing execution of a regulatory compliant counterparty risk program. • Ensure all client due diligence activities are completed in accordance with LoanCare control standards. • Identify, assess, and escalate client related risks and issues as appropriate. • Coordinate and facilitate meetings with operational departments to communicate findings, risks, and remediation plans. • Analyse regulatory requirements and service provider activities to ensure program governance remains aligned. • Maintain accurate and complete data within applicable systems to support data integrity, ongoing monitoring, regulatory examinations, audits, and client and investor due diligence requests. • Develop and maintain professional working relationships with vendors, clients, internal teams, and industry partners. • Develop, monitor, and report Counterparty Risk metrics to include KPIs, KRIs, and emerging risks. • Coordinate change management activities across Counterparty Risk teams including Third-Party Risk Management and Sourcing/Procurement. • Prepare and deliver management reporting on all aspects of the Counterparty Risk program, including monthly status reporting. • Provide training, guidance, and mentorship to junior staff. • Serve as backup and escalation support for junior staff as needed. • Request, develop, update, review, test, finalize, approve, and maintain department policies and procedures, process flows, templates and training materials. • Escalates non-compliance with regulation, policies and procedures for review and risk acceptance when necessary. • Support regulatory exams, audits, ratings agency reviews, investor inquiries, and client requests by gathering documentation and drafting responses. • Stay current on industry trends, regulatory changes, and agency guidance (e.g., CFPB, OCC, HUD) that impact clients and the organization. • Maintain comprehensive knowledge of and adherence to all applicable investor, government, client, and LoanCare policies, procedures, and requirements. • Recommend enhancements to processes, procedures, controls, and governance to strengthen risk management effectiveness. • All other duties as assigned.

Job Requirements

  • High School Diploma or equivalent required.
  • Bachelor’s Degree in business or related field.
  • An equivalent combination of education and related work experience may be accepted in lieu of a degree.
  • 10+ years of experience in Counterparty, Third Party Risk Management or Vendor Management, preferably within mortgage servicing or mortgage banking.
  • Advanced knowledge of regulatory requirements governing service provider management, including OCC, Federal Reserve, FDIC, NYDFS, and CFBP.
  • Advanced proficiency in Microsoft Office (Word, Excel, PowerPoint).
  • Advanced knowledge of SharePoint.
  • Strong verbal and written communication skills.
  • Strong analytical, critical thinking, and problem-solving abilities.
  • Excellent time management and organizational skills.
  • Demonstrated ability to identify overlap and alignment among internal policies and procedures, client requirements and state and federal regulatory requirements.
  • Ability to prioritize effectively in a resource constrained environment.
  • Proven ability to multitask in a fast paced, high visibility environment.
  • Ability to work independently and collaboratively within a team.
  • Self-motivated with strong initiative, attention to detail, and ownership mindset.

Benefits

  • Health & Welfare Coverage: Optional medical, dental, vision, life, and disability insurance
  • Time Off: Paid holidays, vacation, and sick leave
  • Retirement & Investment: Fidelity National Financial matching 401(k) and employee stock purchase plans
  • Wellness Programs: Access to mental health resources, including free Calm memberships, and initiatives that promote physical and emotional well-being
  • Employee Recognition: Programs that celebrate achievements and milestones
  • Lifestyle & Learning Perks: Enjoy discounts on gym memberships, pet insurance, and employee purchasing programs, plus access to a tuition reimbursement program that supports your continued education and professional growth.

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