SR CREDIT ANALYST

Overview

As a Senior Credit Analyst, you will be crucial in shaping our client partnerships and ensuring our business standards. You will review and determine the viability of new Correspondent and Broker clients, manage status modifications, conduct annual recertifications, and perform ongoing monitoring. Your expertise will be vital in assisting the Counterparty Risk team with workflow management, reporting, second-level credit risk reviews, and training new team members. By focusing on organizational, operational, and financial analysis, and ensuring compliance with licensing and eligibility requirements, you will help confirm high-quality business partners. Join our dynamic team and make a significant impact on our growth and success.

Responsibilities

• Perform a complete risk assessment of new/existing Correspondent and Broker relationships.
• Review third-party vendor information/reports, collect all necessary data to address conflicting information or mitigate potential risk to the firm to ensure that regulatory, compliance and internal eligibility requirements are met prior to issuing an Approval/Denial recommendation
• Escalate to management and document risk issues uncovered during any and all reviews that present an increased or unacceptable level of risk to the firm
• Timely loading of closed loan wiring instructions. Review bailee letters for acceptability in accordance with established policy and procedure
• Communicate with potential new/existing customers and/or business development associates to identify and address any outstanding issues prior to determination of eligibility for Correspondent or Broker programs
• Ensure that all policies and procedures are followed regarding an existing/new Correspondent or Broker relationship. Ensure that proper management authorization is obtained prior to “official” approval in any systems
• Notify department management and monitor group of any quality deterioration or risk concerns and make appropriate recommendation to address specific situation
• Request and review quarterly financial statements and/or quality control reports as required for on-going monitoring
• Ensure timely notification to in-house departments as necessary of all new relationships, inactivations, suspensions and/or terminations
• Stay informed of any industry changes in state laws/regulations, policies or procedures that my impact the quality or compliance of our credit reviews
• Annually assist in establishing Counterparty Risk Management’s approval and annual recertification policies and procedures to increase efficiencies, add quality, reduce non-value added steps and internal costs associated with these processes
• Complete special projects as needed
• Assist management of Counterparty Risk team with work flow and reporting
• Second level review on credit risk requests for new relationships, annual recertifications and status modifications
• Train new team members, as applicable
  
  

Qualifications

• Bachelor’s degree in Accounting or Finance, Economics, or Business Administration preferred
• Minimum of five years of financial analysis and/or risk assessment experience
• Minimum of three years of mortgage banking experience
• Credit experience in a formal bank or corporate program preferred
• Knowledge of SalesForce, PowerBI, MS Office, and SQL preferred
• Detailed oriented to achieve results with accuracy and precision.
• Strong communication skills, both oral and written.
• Ability to work as a team member with department associates, management and other in-house departments.
• Self-motivated and able to work independently.