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Mortgage Risk Manager Jobs in Virginia (NOW HIRING)

Citizens Bank

MSR Senior Analyst

Glen Allen, VA · On-site

$78K - $97K/yr

Direct experience with MSR or Mortgage Risk Management platforms such as QRM and BlackRock Aladdin. Hours & Work Schedule * Hours per Week: 40 * Work Schedule: Monday - Friday Pay Transparency The ...

Citizens Financial Group

MSR Senior Analyst

Glen Allen, VA · On-site

$78K - $97K/yr

Direct experience with MSR or Mortgage Risk Management platforms such as QRM and BlackRock Aladdin. Hours & Work Schedule * Hours per Week: 40 * Work Schedule: Monday - Friday Pay Transparency The ...

PNC Bank

Mortgage Loan Officer

Chantilly, VA · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Reston, VA · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Virginia Beach, VA · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Norfolk, VA · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

PNC Bank

Mortgage Loan Officer

Fairfax, VA · On-site

$37K/yr

Managing Risk - Assessing and effectively managing all of the risks associated with their business ... Mortgage Products., Sales Tasks And Activities, Scheduling Work and Activities, Selling. Work ...

M&T Bank

Mortgage Originator

Manassas, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

Mortgage Originator

Falls Church, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

Mortgage Originator

Falls Church, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Mtb

Mortgage Originator

Manassas, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Mtb

Mortgage Originator

Falls Church, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

Mortgage Originator

Manassas, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

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All JobsMortgage Risk JobsMortgage Risk Manager JobsMortgage Risk Manager Jobs in Virginia

Mortgage Risk Manager information

What are the key skills and qualifications needed to thrive as a mortgage risk manager?

To thrive as a Mortgage Risk Manager, you need a solid background in finance, risk assessment, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with risk modeling software, loan origination systems, and certifications such as FRM or CFA are commonly required. Analytical thinking, attention to detail, and strong communication help you excel at evaluating loan portfolios and collaborating with cross-functional teams. These skills ensure prudent risk management, regulatory adherence, and the financial stability of mortgage lending operations.

What are some common challenges faced by mortgage risk managers, and how can they be addressed?

Mortgage Risk Managers often encounter challenges such as assessing the creditworthiness of borrowers in a fluctuating market, keeping up with evolving regulatory requirements, and mitigating risks associated with loan defaults. To address these, professionals need to stay updated on industry regulations, leverage advanced data analytics tools, and work closely with underwriting and compliance teams. Proactive communication and ongoing training are also essential to navigate changes and ensure robust risk management practices.

What is the difference between Mortgage Risk Manager vs Mortgage Underwriter?

AspectMortgage Risk ManagerMortgage Underwriter
Primary RoleAssess and manage overall mortgage risk, develop risk policiesEvaluate individual loan applications for approval
Required CredentialsTypically requires risk management certifications, finance or related degreesOften requires mortgage licensing, underwriting certifications
Work EnvironmentCorporate offices, risk departments, financial institutionsLoan processing centers, banks, mortgage companies
Industry UsageUsed by lenders to mitigate risk at a strategic levelUsed by lenders to approve or deny individual loans

The Mortgage Risk Manager focuses on assessing and managing the overall risk profile of mortgage portfolios, developing policies to mitigate potential losses. In contrast, the Mortgage Underwriter evaluates individual loan applications to determine approval eligibility. While both roles require financial knowledge and relevant certifications, their scope and responsibilities differ significantly, with the Risk Manager working at a strategic level and the Underwriter at an operational level.

What does a mortgage risk manager do?

A Mortgage Risk Manager is responsible for identifying, assessing, and mitigating risks associated with mortgage lending within a financial institution. They analyze credit, market, and operational risks to ensure loans are compliant with regulations and company policies. Their role includes developing risk assessment models, monitoring loan portfolios, and implementing strategies to reduce potential losses. Additionally, they often collaborate with underwriters, compliance teams, and senior management to maintain the financial health of the mortgage business.
What are popular job titles related to Mortgage Risk Manager jobs in Virginia? For Mortgage Risk Manager jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Mortgage Risk Manager jobs in Virginia look for? The top searched job categories for Mortgage Risk Manager jobs in Virginia are:
What cities in Virginia are hiring for Mortgage Risk Manager jobs? Cities in Virginia with the most Mortgage Risk Manager job openings:
Mortgage Risk Manager jobs near you

MSR Senior Analyst

Citizens Bank

Glen Allen, VA • On-site

$78K - $97K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 12 days ago

Job description


4 Days in the office from any of our locations in Johnston RI,Iselin NJ, Dallas TX, Nashville TN. Westwood or Medford MA, or Phoenix AZ and couple other locations
Role is not relocation eligible.
The MSR Senior Analyst, reporting to the Mortgage Servicing Rights (MSR) Portfolio Manager, applies prior experience in banking and finance to provide a wide array of analytical support required for strong MSR Risk Management. You're the key player providing data input to the MSR valuation model and distributing mission-critical MSR Hedge results to leaders on a daily basis. Your proficiency with fundamental computer tools such as SQL, Visual Basic Programming/Scripting, Excel-based Macros, and Python (preferred) will ensure quality data with swift troubleshooting of issues. Your role is collaborative with support from our seasoned MSR team with external partnership with several supporting lines (Finance, Accounting, Treasury, Market Risk, Model Validation, and Technology).
Primary responsibilities include:
  • Data preparation, modeling, analysis, and reporting including daily MSR Hedge P&L.
  • MSR Transaction support to include data preparation, PMSR bid preparation, MSR sale selection, proforma reporting of deal impact on MSR P&L and forecast.
  • Ensure accuracy of results and analytic methods through testing and validation of underlying report data.
  • Ensure bias and data quality issues are resolved or explained.
  • Work with team of MSR Valuation Managers to identify and execute process improvements including automation.
  • Create, synthesize and present customized data requests, transforming data into a story that informs both high level strategy and tactical decision-making.
  • Manage many priorities with minimal oversight. Plan and prioritize to meet deadlines in conditions that may change rapidly or involve ambiguity.

Qualifications, Education, Certifications and/or Other Professional Credentials
  • Required Qualifications
    • Bachelor's Degree in Business or quantitative field (Finance, Science, Engineering, or Math)
    • 3-5 years of professional experience in a Banking or Finance role consisting of data analysis, financial modeling, and reporting.
    • Strong computer skills including basic ability to program in SQL, VB, and Excel
    • Strong problem-solving skills with experience providing insights and recommendations from large data sets
    • Ability to work effectively in a dynamic environment and to adapt while focusing on key goals and objectives
    • Ability to manage and develop cross-functional relationships
    • Project management skills, including the ability to handle multiple projects in a fast-paced environment
  • Preferred Qualifications
    • 5+ years professional experience in MSR or mortgage secondary marketing role.
    • Direct experience with MSR or Mortgage Risk Management platforms such as QRM and BlackRock Aladdin.

Hours & Work Schedule
  • Hours per Week: 40
  • Work Schedule: Monday - Friday

Pay Transparency
The salary range for this position is $ 105,000 - $ 140,000 per year plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
About Us
Equal Employment Opportunity
Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.
Equal Employment and Opportunity Employer
Job Applicant Data Privacy Policy
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

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