Counterparty Risk Analyst - Onsite

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.

We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
 

The Counterparty Risk Analyst will review to determine viability and acceptability of new TPO clients, as well as complete annual recertification reviews of existing NewRez counterparties. These comprehensive reviews will confirm high quality business partners, focusing on organizational, operational, and financial analysis, as well as due diligence and other compliance factors to ensure counterparties meet NewRez's eligibility requirements.

Roles and Responsibilities

• Complete comprehensive checklist and analysis for new counterparty approval recommendations and for existing counterparty recertifications, ensuring they maintain Newrez approval status requirements. Review must be completed within established cycle times.
• Analyze third party vendor reports and due diligence items to address all findings and mitigate potential risk to Newrez. These include public legal filings such as judgments/liens, background checks, industry exclusionary lists, and delinquency reporting.
• Analyze and spread counterparty financial statements, reviewing for accuracy, derogatory items, net worth, income, and financial ratios.
• Document and escalate risk issues, such as material due diligence findings and changes in counterparty structure or licensing, uncovered during the counterparty review process to management, as well as findings that are outside of the established eligibility requirements.
• Ensure that all Counterparty Risk policy and procedures are followed regarding management of TPO relationships.
• Communicate effectively in a timely manner with external counterparties as well as with internal departments such as Sales, Capital Markets, and Operations.
• Work closely with other team members to ensure all outstanding items and inquiries are efficiently and thoroughly addressed.
• Complete special projects as needed.
• Perform other related duties as required and assigned.

Education and Experience:

• Bachelor's degree in Financial Services or Risk preferred.
• Knowledge of Microsoft Office software (Word, Outlook, Excel).
• Must be detailed oriented to achieve results with accuracy and precision.
• Must have strong understanding of and have the ability to formulate and assess a company’s organizational, operational and financial structure to properly identify risks as it relates to the responsibilities within the Counterparty agreements & manuals.
• Must have strong communication skills, both oral and written.
• Must be self-motivated and able to work independently.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits:

Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave

• Pet insurance

• Adoption Assistance

• Tuition reimbursement

• Employee Loan Program

• The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

Newrez NOW:

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more

• 1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice

• Employee Matching Gifts Program: We will match monetary employee donati