Senior Risk Analyst (Mortgage Credit Risk)

Company: Navy Federal Credit Union
Location: Winchester
Posted on: April 15, 2025

Job Description:

Overview

Make your application after reading the following skill and qualification requirements for this position.

Responsible for supporting the operation of the risk function by evaluating and analyzing risks of varying complexity and for identifying and implementing approaches and solutions to mitigate those risks. Will have primary focus on mortgage credit risk but may also focus on one or more particular types of risk such as financial, or operational risk and may provide advice to management based on this knowledge base. Typically requires an individual a professional qualification in one or more areas of risk management or its equivalent. Work under minimal supervision and use complete understanding of business needs and objectives to support projects that have impact on the achievement of operational goals. Advanced skill set and proficiency with procedures and techniques.

This position is eligible for the TalentQuest employee referral program. If an employee referred you for this job, please apply using the system-generated link that was sent to you.

Responsibilities

Gather and synthesize data; present conclusions and offer risk mitigation, remediation and process improvement solutions to management
Perform comprehensive reviews of different functional areas across Mortgage Products and Credit Life cycles to assess gaps in policies, procedures and controls.
Develop comprehensive understanding of NFCU's Business Strategies, Policies, and Procedures across Real Estate Lending products.
Lead or participate in organization-wide project teams; monitor projects assigned to the department and ensure milestones are completed on schedule.
Collaborate with, advise, and counsel key stakeholders on complex mortgage credit risk issues; provide guidance and feedback to business units throughout credit risk lifecycles.
Stay abreast of new and developing risk trends, regulatory expectations, and best practices as they pertain to credit risk issues in Real Estate lending.
Identifies meaningful insights from large data
Develop, lead and oversees efforts to improve the efficiency and effectiveness of operations and risk mitigation processes
Utilize effective written and verbal communication to document and present findings of analyses to a diverse audience of stakeholders
Exercise sound judgment and discretion within defined procedures and practices
Transform data into charts, tables, or format that aids effective decision making
Build working relationships with team members and subject matter experts
Lead small projects and initiatives

Qualifications

Extensive experience in building, leading and/or managing a mortgage credit risk, or analytics operation, preferably in a large financial institution
Extensive knowledge of mortgage underwriting/credit risk processes and interactions between consumer behaviors and macroeconomic environment
Expertise in assessing first line of defense risk management practices and successfully driving adoption of recommended improvements or enhancements
Extensive experience in developing strategy and conducting deep dive analytics in consumer/real estate lending space across the credit lifecycle
Expert knowledge of methodologies used to measure, model, and simulate mortgage credit risk, operational risk, regulatory risk, and risk exposure in relevant lending product types
Expert skill interpreting and synthesizing large amounts of data and information
Expert skill in being adaptive/flexible and acquiring, recognizing & applying new information
Expert verbal, written, interpersonal, and presentation skills
Extensive experience in demonstrating thought-leadership, initiative taking, decision-making and creativity in solving business problems
Significant experience managing multiple priorities independently and/or in a team environment to achieve goals.
Experience with data visualization and associated tools (e.g., Power BI, Tableau, etc.)
Advanced knowledge of applicable federal and state regulations, company policies, and industry best practices
Advanced knowledge of operational and regulatory risk control concepts and practices

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane Vienna, Virginia 22180 - 5550 Heritage Oaks Dr. Pensacola, FL 32526 - 141 Security Drive Winchester, VA 22602

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

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From Fortune. -2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Keywords: Navy Federal Credit Union, Leesburg , Senior Risk Analyst (Mortgage Credit Risk), Professions , Winchester, Virginia