Job details
Job type full-time
Full job description
Kwx is an integrated home experience company that seamlessly unites the kw ecosystem to keep the agent at the center of the homeownership journeyAustin, texas-based kwx is the holding company of keller williams realty, the world’s largest real estate technology franchise by agent countWith more than 1,070 offices and 190,000 associates worldwide, keller williams is also no1 in units and sales volume in the united states.
In 2020, keller williams initially began the formation of kwx, composed of keller williams, keller williams worldwide, keller offers and keller home financial services, consisting of keller mortgage and keller covered.
Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholdersFor more information, visit kwx.kw.com.
Position purpose:
We are looking for an experienced risk leader for setting standards related to mortgage counterparty risk managementThis position is responsible for the development, oversight, planning, and timely execution of periodic counterparty risk reviews and initiatives for the mortgage partnership channelThe counterparty risk lead will conduct counterparty risk assessment on new and existing partnershipsThey will apply established policy and procedures to determine if the entity meets and maintains acceptable risk tolerance withing firm risk appetite frameworkThis position will be responsible for providing direction and advice to the firm, including developing and overseeing process to identify, measure, monitor operational risk and losses within established tolerances, through a robust monitoring frameworkResponsible for building and managing operational risk policies and procedures, testing, and monitoring activities, and overseeing process and control inventories, risk assessments, loss reporting, scenario analysis, and operational risk governance processesProvides support to business partners in the identification and resolution of operational risks and responds to matters identified through change management, examinations, or other issue identification processesRequires close engagement with business leaders and understanding of operational activities and related risksThis position ensures the performance of all duties in accordance with the company’s policies and procedures, all u.sState and federal laws and regulations, wherein the company operates.
Keller williams core values responsibility:
Every member of the keller williams leadership team is responsible for leading and modeling diverse, equitable, and inclusive practices in the workplace relative to hiring, promoting, paying, and managing peopleLeaders are expected to treat all people with civility, respect, and dignity, and demonstrate the ten core values that form our belief system.
Essential duties and responsibilities:
Perform counterparty risk assessments and risk due diligence on new partners applying for a master policy with the firm
Perform counterparty risk assessments on existing customers to determine if current performance and external due diligence results are still within acceptable risk tolerances.
Responsible for all aspects of partnership channel risk oversightEnsures partners demonstrate their ability to deliver quality mortgages and perform within established risk appetite framework.
Continuous partners performance and exposure monitoring.
Broker and correspondent reports are accurate, timely, and contain sufficient detail to adequately monitor activity.
Set up a partnership specific risk committee
Review qc/qa reports at partner level and create action items as per the findings.
Monitor all counterparties risk and work with compliance team on various vendor management protocol.
Oversee tracking and timely completion of corrective action plans while promoting self-identification of issues.
Utilizes industry best practices to quantify risk and aggregate exposures.
Facilitate necessary system updates as well as internal and external communications as related to counterparty risk assessments (partner approvals, terminations, etc.)
Interacts with internal and external stakeholders during audits, regulatory reviews
Supervisory/managerial responsibilities:
Thought leader who embraces innovation
Strong ability to leverage data and use it to advise on risk perspectives
Execution focused based on risk-based decisions
Strong situational analysis and decision-making abilities
Build trust and strong partnerships through own actions
Willingness and courage to provide thoughtful fact-based effective challenge to the first line in a clear, concise, and risk-based approach
Seek and embrace change—continuously improve work processes
Education & experience requirements:
Bachelor`s degree required
10+ years` experience ideally in a risk and control function and/or in a program management function focused on risk and controls and related processes familiar with end-to-end mortgage products and businesses.
The candidate should have 5+ years of experience in developing corresponding controls and risk measures for third party origination channels.
Skill requirements:
Ability to independently apply policy and render a decision based on counterparty due diligence results
Counterparty risk manager and/or mortgage underwriting/processing background skills and abilities
Thorough knowledge of mortgage lending with an understanding on originations and investor products.
Knowledge of the drivers of revenue, cost, and profitability for mortgages.
Exceptional verbal and written skills.
Excellent negotiation skills with peers, partners, vendors, and senior colleagues.
Strong quantitative, analytical, and problem-solving skills.
Proven abilities to analyze risk using quantitative and qualitative information; excellent analytical, technical and problem-solving skills.
Physical requirements:
The physical demands described here are representative of those that must be met by a team member to successfully perform the essential functions of this jobReasonable accommodations may be made to enable individuals with disabilities as defined by the americans with disabilities act as amended to perform the essential functions.
Sitting
Keyboarding
Viewing computer monitor
Work environment
Work is performed in a business office environmentOccasional travel by car or plane to other locations or conference sites for meetingsAbility to work extended hours, as required, in support of the company’s business needs.
Kwx is committed to creating a diverse environment and is proud to be an equal opportunity employerKwx recruits, employs, trains, compensates and promotes regardless of race, religion, color, national origin, gender, gender identity or expression, sexual orientation, national origin, genetics disability, age, veteran status, or other protected status as required by applicable lawAll qualified applicants will receive consideration for employment.
