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Assistant Manager, Market and Liquidity Risk

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Location: Bangalore, KA, India
Job ID: 1002714
Company: Ocwen APAC

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Job Description


POSITION SUMMARY:

The Assistant Manager, Credit and Market Risk Management will work closely with the VP, Credit and Market Risk in developing, implementing and managing the company's enterprise level market, counterparty, liquidity and financial risk management frameworks in partnership with the Chief Risk and Compliance Officer. The position will play a pivotal role in reinforcing the risk culture at Ocwen through close collaboration with the Treasury, Finance and Capital Markets corporate functions.

JOB FUNCTIONS AND RESPONSIBILITIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Examples below:

• Collaborate closely with senior and executive management to ensure that the businesses understand and fully own all the relevant risks 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 market, counterparty, liquidity and financial risk-taking activities, and must provide timely and accurate reporting of these activities, including emerging risks
• Collaborate with the Risk Management modeling and analytics teams to develop relevant quantitative measures for programs as needed
• Provide 2nd line support for the oversight of the MSR hedging activities, integration efforts undertaken in core Capital Markets systems and broker counterparties as appropriate
• Provide daily oversight of the modeled MSR hedge position and support in transition of stochastic to OAS model
• Conduct periodic review of model assumptions and valuation packet, provide general support to model validation team
• Perform monthly Sarbanes Oxley (SOX) controls for MSR Hedging activity, and track MSR hedge performance (model vs. actual) to month end, quarter end close or as needed
• Lead the Market Risk database build in collaboration with Lending Information Technology - Determine database structure for underlying pipeline data provided by the vendor for use by Risk team
• Oversight and management of compliance to internal and external commitments (internal P&P maintenance, Statutory responses, Agency requests).


EDUCATION / EXPERIENCE

• To perform this job successfully, an individual must have the following education and/or experience:
• A Bachelor's degree is required - MBA or other advanced certification is preferred
• 5+ years of risk management experience in a large, complex financial services company
• Prior experience working in the financial services 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
• 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
• Experience managing off-shore staff

WORK SCHEDULE OR TRAVEL REQUIREMENTS

Mid Shift (2:00PM - 11:00PM ISD) - travel

About Us


Company: Ocwen APAC


Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen's mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put "Caring in Action" while growing your career.

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

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