Counterparty Financial Credit and Risk Analyst

Redwood Trust, Inc. (NYSE: RWT), together with its subsidiaries, is a specialty finance company focused on investing in mortgage related assets and engaging in residential and business purpose banking activities. Our employees are a team of disciplined, dedicated and talented professionals who do what it takes to make the Company a leader in innovation and reputation. We value everyone's contribution, actively soliciting feedback at all levels within the organization. Work gets done in a non-hierarchical, hard-working and fun environment.

For more information about our Company, please read about who we are on our website, www.redwoodtrust.com.

Position Summary

Reporting to the VP Counterparty Risk, the analyst position will perform financial risk assessments on prospective mortgage companies and commercial banks and coordinate the annual recertification process. The successful candidate will have prior counterparty analysis experience, financial statement analysis skills related to commercial banks, credit unions, and mortgage companies, and have general knowledge of the residential mortgage market. On a daily basis, the analyst will work closely with the Counterparty Risk team and the Redwood Trust sales team to prioritize the list of financial assessments. Assessments on all approved accounts will be rerun periodically to ensure financial solvency. The analyst will also be responsible for the analytics to establish and manage the counterparty exposure limits resulting from possible loan repurchase risks. Additionally, the analyst will be responsible for coordinating annual recertifications for all approved counterparties.

Responsibilities & Duties

• Review of quarterly and annual financial statements collected from correspondent originators
• Review of monthly statements from some sellers as determined by the Counterparty Risk Management team
• Preparation of financial assessments used for initial correspondent approval and for annual re-certifications
• Preparation of reports for monthly originator review meetings and credit committee meetings
• Facilitate the data exchange between prospective originators and Redwood Trust
• Participate in conference calls with correspondent originators to address financial issues
• Work with third party data suppliers to obtain, upload and analyze financial data from various repositories
• Interact with the VP Counterparty Risk to monitor the collection and review of documents received during the originator approval process
• Coordinate the annual recertification process
• Perform additional duties as required

Required Experience & Education

• Undergraduate degree in Business/Finance
• Basic credit analysis experience (reviewing financial statements from financial institutions)
• 1-3 years related financial experience
• Mortgage industry experience preferred but not required
• Must be organized, detail-oriented, and maintain reliable follow-through
• Technologically savvy, with the ability to work in varied systems
• Good communication skills and the ability to interact with senior management both within Redwood Trust and with Correspondent sellers

A reasonable estimate of the total compensation range for this role is 73k - 90k. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. Redwood Trust also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.