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Vice President of Risk Management

2 months ago


Cana, Virginia, United States Stonewood Group Full time

Company Overview

Stonewood Group is a leading player in the financial services sector, recognized for its commitment to enhancing homeownership accessibility through innovative mortgage solutions. With a dedicated workforce, we pride ourselves on delivering exceptional customer service and maintaining a robust risk management framework.

Position Overview

We are seeking a Vice President of Risk Management to spearhead our Loss Mitigation strategies. This pivotal role will report directly to the Senior Vice President of Operations and will be responsible for formulating, executing, and overseeing the company’s Loss Mitigation framework to ensure alignment with our financial objectives.

Key Responsibilities

  • Develop and implement comprehensive Loss Management strategies to meet service level agreements and financial targets.
  • Establish and maintain efficient processes and controls to enhance operational performance and customer satisfaction.
  • Monitor and analyze loss management activities, identifying trends to drive improvements in service delivery and cost reduction.
  • Build and nurture relationships with key stakeholders to create a competitive edge in the market.
  • Collaborate with various departments including Sales, Operations, and Risk Management on strategic initiatives.
  • Optimize the Loss Mitigation default management system to ensure operational efficiency while managing risk tolerances.
  • Participate as a key stakeholder in Committees to address credit and business challenges.
  • Regularly report on performance metrics and project updates to leadership and stakeholders.
  • Provide strategic direction for the mortgage services strategy and foster a culture of continuous improvement.
  • Lead and mentor the team, setting clear expectations and providing constructive feedback.
  • Ensure compliance with legal and regulatory standards, promoting integrity in all business dealings.

Preferred Qualifications

  • A degree in Finance or Business Administration; an MBA is advantageous.
  • Extensive knowledge of default management practices within the financial services and insurance sectors.
  • Strong familiarity with the Canadian mortgage landscape and banking regulations.
  • A minimum of 10 years of management experience in the financial services industry.

Competency Profile

  • Adaptability to new situations and openness to change.
  • Ability to foster teamwork and collaboration among team members.
  • Strategic thinking with a long-term view of organizational success.
  • Effective people management skills, establishing clear priorities and direction.
  • Commitment to developing and coaching team members for continuous improvement.
  • Strong commercial acumen, understanding the financial implications of decisions.

We offer a competitive compensation package tailored to the successful candidate's experience and qualifications.