Credit Risk Specialist - Residential Loan Workouts

Job Description

Job Summary

Under general supervision with a high level of autonomy, uses knowledge and skills obtained through education, training, and experience to assist the Raymond James Bank Special Assets department in monitoring past due mortgage loans, tracking loan workouts and loss mitigation plans, determining expected loan losses, data collection, interpretation and analysis, preparation of defaulted mortgage loan cited asset and management reports, and ongoing/special projects. Guidance is provided to affirm recommended workout approaches. Provides support to Credit Risk Managers overseeing the Bank’s expected loss forecast for defaulted, past due and foreclosed loans. Maintains regular contact with senior credit management and other internal customers to aid in providing active reporting on defaulted, past due and non-accrual mortgage loans.

Essential Duties And Responsibilities

• Performs data collection, analysis, and interpretation of results in support of credit risk responsibilities. Data may be obtained through financial statements, mitigation loss requests, loan servicer communications and internal sources.
• Develops and prepares spreadsheets, reports, and presentations utilized by Senior Management.
• Acts as the primary Bank contact with mortgage loan servicers on past due and defaulted mortgage loans.
• Assists with the administration of mortgage loan critical credit risk management activities for past due and defaulted mortgage loans, including recommendations on servicer proposed workouts inclusive of forbearances, Troubled Debt Restructures (TDRs), and loss mitigation applications to senior credit management.
• Interacts with Senior Management, Audit, Loan Review, other internal departments, and Bank regulators as needed.
• Performs other duties and responsibilities as assigned.
  
  

Knowledge of

• Fundamental concepts, practices and procedures of loan accounting and lending principles.
• Mortgage loan products.
  
  

Skill in

• Understanding and documenting business process workflow and control points for credit risk.
• Independently supports business processes with comprehensive understanding and effective use of standard office equipment and standard software packages.
• Reading, interpreting, analyzing and applying information from various credit risk reports and economic forecasts.
• Working without supervision and provides technical guidance when required on developing appropriate plans, requesting or performing necessary actions based on recommendations and requirements.
• Working with full competence to analyze potential solutions and create recommendations based on the expected benefits, costs, and overall value of the solution for key stakeholders.
• Working independently and provides technical guidance when required on achieving full compliance with applicable rules and regulations in management and/or operations.
• Interpreting and analyzing basic personal financial statements.
• Preparing and delivering written presentations and reports.
• Organizational and time management skills sufficient to prioritize workload, handle multiple tasks, and meet deadlines.
• Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, and spreadsheets. Strong Excel skills, with the ability to run macros, is essential for this position.
  
  

Ability to

• Partner with others to accomplish objectives.
• Attend to detail while maintaining a big picture orientation.
• Interpret and apply policies.
• Manage multiple tasks with changing priorities to meet deadlines.
• Exercise sound decision-making, good judgement and communicate effectively, both orally and in writing, with all organizational levels, including senior management.
• Provide a high level of customer service.
• Establish and maintain effective working relationships with others.
• ACAMS not required***
  
  

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 3 to 6 years

Certifications

Certified Anti-Money Laundering Specialist (ACAMS) - Association of Certified Anti-Money Laundering Specialists (ACAMS), National Mortgage License (Any State) - Various State Agencies

Travel

Less than 25%

Workstyle

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We Expect Our Associates At All Levels To

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  
  

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.