Senior Associate, Credit Manager
About The Position
The Senior Associate, Credit Manager will be part of a team focused on building the correspondent network sourcing channel and investment strategy for AB CarVal U.S. loan portfolios. This role will be responsible for assessing and managing credit risk associated with loan portfolios sourced through correspondent networks. The role includes monitoring credit quality, evaluating the credit worthiness of potential borrowers, analyzing financial data, and determining appropriate credit limits and terms. The role ensures compliance with credit policies and guidelines, monitoring portfolio performance. This role will also be responsible for communicating and partnering closely with other internal stakeholders across a range of AB CarVal residential strategies, sourcing channels and organizational functions.
Requirements
- Bachelor’s degree in accounting, finance, economics, business, or related field
- 5+ years of experience in credit risk management in the mortgage or banking industries
- Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies
- Demonstrated strong analytic skills and the ability to evaluate financial data
- Demonstrated experience with regulatory and compliance standards
- Demonstrated proficiency in Microsoft Excel including financial modeling and analysis
- Demonstrated excellent oral and written communication skills
- Demonstrated organization and detail orientation skills
Responsibilities
- Creating and maintaining underwriting guidelines and credit criteria
- Developing and implementing, while collaborating with internal functions, the mortgage originator onboarding and diligence process
- Assessing, managing, and monitoring credit risk associated with loan portfolios sourced through correspondent networks
- Evaluating creditworthiness of potential borrowers by analyzing financial data, credit reports, and other relevant information
- Determining appropriate credit limits, terms, and conditions for investments
- Collaborating closely with internal teams across various functions to ensure compliance with credit policies, guidelines, and regulatory requirements
- Implementing and maintaining the due diligence review process of all loans sourced via the correspondent networks
- Monitoring portfolio performance and conducting regular credit reviews to identify potential risks and opportunities for improvement
- Developing and implementing risk mitigation strategies to protect the organization's interests and optimize investment returns
- Developing and maintaining a quality control review process, including direct communication with third-party vendors, to ensure compliance with requirements
- Providing insights and recommendations to support decision-making related to investment opportunities and portfolio management
- Communicating regularly with senior management and internal stakeholders to provide updates
- Continuously improving credit risk assessment processes and procedures
Benefits
- health insurance coverage
- an employee wellness program
- life and disability insurance
- a retirement savings plan
- paid holidays
- sick and vacation time off
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What This Job Offers
Job Type
Full-time
Career Level
Senior
