This site uses cookies. To find out more, see our Cookies Policy

Vice President, Credit & Market Risk in Mount Laurel, NJ at Ocwen Financial Corporation

Date Posted: 2/8/2019

Job Snapshot

Job Description

Description

The Director, Credit and Market Risk Management will work closely with the Chief Risk Officer in developing, implementing and managing the company’s enterprise level credit, market, counterparty, liquidity and financial risk management frameworks.  The position will play a pivotal role in establishing credible challenge and reinforcing the risk culture at Ocwen through close collaboration with the Lending and Servicing business units and other corporate functions, such as the Treasury, Finance and Capital Markets.


JOB FUNCTIONS AND RESPONSIBILITIES:

  • Collaborate closely with senior and executive management to ensure that the businesses understand and fully own all the relevant risks and controls as the company’s “first line of defense”
  • The successful candidate will understand the relationships between quantitative and qualitative risks, assist in managing and enhancing the risk appetite statement, disseminate the enterprise-wide risk management philosophy, present and participate at various risk management committees, and work effectively with the other risk departments
  • Monitor the credit, market, counterparty, liquidity and financial risk-taking activities for all Lending and Servicing business units, and must provide timely and accurate reporting of these activities, including emerging risks
  • Assist in the design, execution, and long-term refinement of an enterprise-wide stress testing framework in alignment with laws, regulations and internal policies
  • Collaborate with the modeling and analytics teams in order to develop relevant quantitative measures


KEY RESULTS AREA: (if needed)


This section is generally for higher complexity and management roles.  It should be used to highlight key deliverables for the person in the role. Example below:

  • Aggressive in locating, hiring and retaining top talent.
  • Develop measurable/auditable KPIs for the Strategic Initiatives team: 60 days
  • Ensure that proper supporting documentation is uploaded into the database within 24 hours of opening a matter


Qualifications

EDUCATION / EXPERIENCE
  • A Bachelor’s degree is required
  • 7+ years of risk management experience in a large, complex financial services company
  • Prior experience working in the consumer credit industry is required
  • Comprehensive risk management knowledge including, but not limited to, credit, market, interest rate, counterparty and liquidity risk
  • Strong analytical skills and knowledge of financial and economic fundamentals;  Outstanding knowledge of the tools and methodologies used to measure and quantify risk, including the use of models
  • A broad understanding and knowledge of industry best practice and regulatory expectations for risk management, including CCAR
  • Excellent project management skills, demonstrated through prior experience in the ownership of issues and management of these issues to resolution
  • Outstanding communication skills, both oral and written, and the ability to communicate clearly at all levels of the organization 
  • High proficiency with Microsoft Office products and extensive experience in preparing executive-level PowerPoint presentations are required
  • High level of professionalism, self-motivation and a strong sense of urgency
Preferred Qualifications:
  • Experience working within a global organization is preferred
  • Prior experience in mortgage banking and familiarity with Treasury/Capital Markets operations is preferred
  • Prior experience in Comprehensive Capital Analysis and Review (CCAR) at a global financial institution is highly desirable


Primary Location
US-NJ-Mt. Laurel

Job
Risk Management