Truist Correspondent Counterparty Risk Manager 

United States, North Carolina 

358027539

Regular or Temporary:

English (Required)

1st shift (United States of America)

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.

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.

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.

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.