VP of Risk (Mortgage Lending, Non-QM)
About The Position
CAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments. The Vice President of Risk is responsible for overseeing the organization’s enterprise risk management framework within the business. This role encompasses credit risk, operational risk, compliance risk, and overall risk strategy to ensure the company operates within its defined risk appetite while supporting sustainable growth.
Requirements
- 10+ years of experience in mortgage lending, risk management, or related field.
- 5+ years of leadership experience in risk, credit, or compliance.
- Strong knowledge of mortgage operations, underwriting, and regulatory requirements.
- Experience with Agency, Non-QM, and/or portfolio lending products.
- Proven ability to develop and implement risk frameworks and controls.
- Strong analytical, strategic thinking, and decision-making skills.
- Experience with LOS systems (e.g., Encompass) and risk/analytics tools.
- Enterprise risk management experience (credit, operational, and compliance risk).
- Experience working with capital markets and secondary teams.
Responsibilities
- Develop and implement a comprehensive risk management framework across credit, operational, and compliance functions.
- Define and maintain the organization’s risk appetite in alignment with business objectives.
- Partner with underwriting leadership to ensure sound credit decisioning and adherence to guidelines.
- Evaluate high-risk loan scenarios and provide risk-based recommendations.
- Identify, assess, and mitigate risks across loan origination, processing, underwriting, and servicing functions.
- Implement controls to minimize operational losses and inefficiencies.
- Ensure adherence to federal, state, and investor regulations (e.g., Agency, Non-QM guidelines).
- Lead risk-related audits and regulatory examinations; address findings and implement corrective actions.
- Establish KPIs, KRIs, and dashboards to monitor risk exposure and performance.
- Provide regular reporting and insights to executive leadership and stakeholders.
- Analyze loan performance trends, delinquency rates, and default risks.
- Recommend strategies to mitigate losses and improve portfolio health.
- Work closely with Capital Markets, Secondary, Compliance, and Operations to balance risk with production goals.
- Support new product development by assessing risk implications.
- Strengthen internal controls and oversee quality control processes.
- Promote a culture of risk awareness and accountability across the organization.
- Mentor staff and drive continuous improvement in risk practices.
Benefits
- Competitive compensation and performance-based bonuses.
- Collaborative and entrepreneurial culture.
- Opportunities for career advancement and innovation.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
Number of Employees
11-50 employees
