Mortgage Servicing and Risk Expert

The Vice President-Testing and Validation at beBee Careers in Wilmington, DE, will oversee risk oversight in mortgage servicing. Responsibilities include executing testing strategies, assessing credit risk compliance, and engaging with senior stakeholders. The role requires over 6 years of experience in risk management within the residential real estate sector, with expertise in default servicing and regulatory compliance.
Risk Oversight in Mortgage Servicing
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The Vice President-Testing and Validation will be responsible for determining the approach and executing testing and validation strategies that drive a robust risk and control environment. This position requires a strong understanding of the US residential real estate industry, mortgage servicing landscape, supervisory guidelines, applicable regulations, and deep expertise in the mortgage default domain including Collections, Loss Mitigation, Foreclosure, Bankruptcy, SCRA, REO etc., risk management in residential real estate (mortgage, home-equity) and solid understanding of Testing Methodologies.

Main Responsibilities
• Perform end-to-end testing and validation to assess the effectiveness of Credit Risk strategies, risk processes, and controls to ensure compliance with Citi policies, applicable regulations, and risk oversight procedures.
• Identify and escalate risk and control issues to controls partners and senior leadership within the Risk Organization with transparency, in a timely fashion, and in adherence to applicable policies and procedures.
• Engage in activities to provide independent compliance and operation risk oversight of the Credit Risk performance and any third-party/vendor relationships in alignment with Global Policies and Standard Operating Procedures.

Key Qualifications
• 6+ years of default strategy and/or risk management experience, ideally with a large bank mortgage portfolio or equivalent consumer credit portfolio management experience at a leading consumer financial institution with knowledge of consumer residential real estate market and regulatory management in the U.S.
• Knowledge and expertise in holistic risk management (identification, measurement, monitoring), risk analytics, risk oversight, in addition to default servicing (ex. foreclosure, bankruptcy) domain experience desired.
• Ability to navigate complex decisions and situations, including engagement with various senior stakeholders (CRO, LOB CEOs, senior business representatives, and regulators).