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Mortgage Risk Manager Jobs (NOW HIRING)

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

As an independent risk leader, you'll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing ...

LoanCare

Counterparty Risk Program Manager- Remote

Overview The Counterparty Risk Program Manager is responsible for leading and overseeing the ... As a leading full-service mortgage loan subservicer, we deliver excellence to banks, credit unions ...

LBC Mortgage

Mortgage Underwriter

North Hollywood, CA · On-site

About LBC Mortgage LBC Mortgage is a Los Angeles-based mortgage company with over 20 years of ... risk management. We are looking for a skilled Hard Money Underwriter who understands private ...

LBC Mortgage

Mortgage Underwriter

North Hollywood, CA · On-site

About LBC Mortgage LBC Mortgage is a Los Angeles-based mortgage company with over 20 years of ... risk management. We are looking for a skilled Hard Money Underwriter who understands private ...

LBC Mortgage

Mortgage Underwriter

North Hollywood, CA · On-site

About LBC Mortgage LBC Mortgage is a Los Angeles-based mortgage company with over 20 years of ... risk management. We are looking for a skilled Hard Money Underwriter who understands private ...

LBC Mortgage

Mortgage Underwriter

North Hollywood, CA · On-site

About LBC Mortgage LBC Mortgage is a Los Angeles-based mortgage company with over 20 years of ... risk management. We are looking for a skilled Hard Money Underwriter who understands private ...

LBC Mortgage

Mortgage Underwriter

North Hollywood, CA · On-site

About LBC Mortgage LBC Mortgage is a Los Angeles-based mortgage company with over 20 years of ... risk management. We are looking for a skilled Hard Money Underwriter who understands private ...

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All JobsMortgage Risk Manager Jobs

Mortgage Risk Manager information

See salary details

$47K

$120.7K

$237K

How much do mortgage risk manager jobs pay per year?

As of Jun 25, 2026, the average yearly pay for mortgage risk manager in the United States is $120,706.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,500.00 and $159,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Mortgage Risk Manager, and why are they important?

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.
More about Mortgage Risk Manager jobs
What cities are hiring for Mortgage Risk Manager jobs? Cities with the most Mortgage Risk Manager job openings:
What states have the most Mortgage Risk Manager jobs? States with the most job openings for Mortgage Risk Manager jobs include:
What job categories do people searching Mortgage Risk Manager jobs look for? The top searched job categories for Mortgage Risk Manager jobs are:
Mortgage Risk Manager jobs near you
Infographic showing various Mortgage Risk Manager job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $120,706 per year, or $58 per hour.
Sr Manager Operational Risk Management

Sr Manager Operational Risk Management

MidFirst Bank

Oklahoma City, OK • On-site

Full-time

Posted 28 days ago

MidFirst Bank rating

8.0

Company rating: 8.0 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

55th of 142 rated banks

Job description

Description:
Operational Risk Management (ORM) partners with Midland Mortgage Operations to strengthen the control environment, identify and assess operational risk, and ensure timely, well-supported responses to audits and regulatory exams. This role is ideal for a public accounting professional who enjoys applying an assurance mindset in an operational setting - evaluating processes, testing controls, documenting evidence, and driving practical remediation with business partners.
Rather than performing traditional audit testing, this role focuses on forward-looking risk identification, root cause analysis, and practical risk mitigation within a highly regulated mortgage servicing environment. This role serves as a trusted advisor to internal business units and as a liaison between Mortgage Operations and Internal and External oversight bodies (Internal Audit, Enterprise Risk Management, FHA, etc.) translating enterprise risk expectations into practical, operationally sound solutions.
As a manager within ORM, you will lead analysts performing process/control gap assessments, issue validation, and audit coordination/oversight activities. You will also serve as a risk and controls advisor by acting as a key liaison between Operations, Enterprise Risk Management (ERM), Compliance, Internal Audit, and regulators to ensure risks are identified, communicated, and mitigated appropriately.
  • Lead the audit/exam liaison program for Midland Mortgage Operations, coordinating end-to-end responses (request intake, evidence gathering, drafting responses, quality review, and submission) across Compliance, ERM, Internal Audit, and regulators.
  • Manage high-volume, time-sensitive deliverables under strict deadlines; apply sound audit and risk judgment to ensure responses are accurate, complete, and supported by appropriate documentation and evidence.
  • Oversee and challenge the operational control environment through risk assessments, process walkthroughs and gap analyses, and root-cause analysis. Monitor issue remediation plans, validate corrective actions, and report status and themes to senior leadership.
  • Manage, coach, and develop a team of analysts; set priorities, review workpapers and deliverables for quality, and build consistency in methodology, documentation standards, and stakeholder communications.
  • Serve as a trusted advisor to Operations and a subject-matter resource for ERM - translating business processes into risk/control language, facilitating effective challenge, and helping stakeholders understand risk acceptance, mitigation options, and residual risk.
  • Monitor emerging risk themes, operational changes, and control gaps, escalating concerns and recommendations as appropriate.

This is a high-visibility leadership role with broad exposure across the organization. Success requires a professional who brings rigor in documentation and testing, a strong command of risk and internal controls, and the ability to partner with (and appropriately challenge) Operations leaders to drive timely, sustainable risk mitigation.
Position Requirements:
You will thrive in this role if you enjoy applying structured risk and assurance practices with operational business processes. The ideal candidate can independently manage multiple workstreams, lead a team, and communicate clearly with senior leaders, auditors, and regulators - while maintaining strong attention to detail, sound professional judgment, and a bias for practical solutions.
  • 5 years of experience directly leading teams, or equivalent leadership experience gained at a large regional or Big 4 public accounting firm through progressive audit or advisory roles by managing audit engagements, directing teams of 2 or more and performing complex risk analysis.
  • Bachelor's degree in Accounting, Finance, Business, or related field required (Master's a plus); CPA strongly preferred (CIA/CISA/CRCM a plus)
  • Strong risk assessment and internal controls skillset, including process walkthroughs, control design/effectiveness evaluation, and root-cause analysis
  • Excellent written and verbal communication skills, including the ability to produce audit-ready documentation/workpapers, executive-level summaries, and regulator-ready responses
  • Proven ability to lead cross-functional initiatives, influence without authority, and drive timely outcomes in a fast-paced, deadline-driven environment
  • Experience coordinating audit/exam requests and managing issue remediation (tracking, evidence validation, and stakeholder follow-up) through closure

Preferred Experience:
  • Mortgage servicing or financial services operations experience; familiarity with regulatory exams, internal control frameworks, and/or second line of defense oversight

**This position is on-site at our corporate campus in north Oklahoma City, therefore you must reside in this area in order to be considered for this opening. **
***Incomplete online applications will not be considered***
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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