Executive Vice President, AI Business Strategies

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. 

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

The Executive Vice President of AI Business Strategies will be a strategic and business-oriented leader who holds the crucial role for bridging the gap between our AI capabilities and the needs of our various business units. The EVP of AI Business Strategies will act as a strategic advisor and consultant, working closely with business leaders to identify opportunities to leverage AI to transform the business.  Successful strategies will solve business problems, optimize processes, enhance customer experiences, and drive revenue growth.

Responsibilities:

• Develop a deep understanding of the business challenges and objectives of each business unit.
• Proactively identify and assess opportunities to leverage AI to address these challenges and achieve business goals.
• Conduct thorough needs analyses and feasibility studies to evaluate the potential impact of AI solutions.
• Develop compelling business cases for AI initiatives, outlining the value proposition, ROI, and strategic alignment.
• Secure buy-in and funding for AI Initiatives (beyond POC’s) by effectively communicating the benefits to senior leadership and stakeholders.
• Collaborate with business unit leaders and the EVP, AI Engineering to develop a prioritized roadmap for AI initiatives.
• Ensure alignment between the AI roadmap and the overall business strategy.
• Act as a liaison between the business units and the AI engineering team related to AI priorities.
• Drive collaboration between stakeholders to ensure successful implementation and adoption of AI solutions.
• Develop and execute strategies to drive adoption of AI solutions.
• Address change management challenges and ensure smooth integration of AI into existing workflows.
• Promote a data-driven culture and encourage the use of AI for informed decision-making.
• Monitor industry trends and emerging AI technologies to identify potential opportunities and threats.
• Develop thought leadership content and participate in industry events to position the company as a leader in AI adoption.

Qualifications:

• Bachelor’s Degree in Computer Science or relevant field.
• 10 years of relevant management work experience, preferably in the mortgage and/or finance industry.
• Strong understanding of AI concepts and applications, with the ability to articulate the value of AI to business stakeholders.
• Proven ability to design and implement AI strategies that align with business objectives.
• Expertise in identifying AI driven opportunities for innovation, efficiency and growth.
• Expertise in leveraging Generative AI and LLMs for business innovation, customer engagement and operational efficiency.
• Good knowledge of AI technologies, including generative AI, machine learning, deep learning, natural language processing and computer vision.
• Ability to connect AI initiatives with business goals, ensuring measurable ROI.
• Understanding of AI ethics, bias mitigation and data privacy regulations (such as GDPR, CCPA, etc.).
• Excellent business acumen and strategic thinking skills.
• Exceptional communication, interpersonal, and presentation skills.
• Ability to influence and build consensus across different levels of the organization.
• Experience with change management and driving adoption of new technologies.
• Strategic thinker with a strong understanding of business drivers.
• Results-oriented and driven to achieve measurable outcomes.
• Collaborative and able to build strong relationships with diverse stakeholders.
• Excellent problem-solving and analytical skills.
• Passionate about leveraging AI to drive business transformation.
• Ability to mentor and upskill teams to stay at the forefront of AI advancements.
• Should be open to roll up the sleeves and perform product activities when needed.

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. 

Salary : $110,000 - $170,000