Senior VP Credit Risk Management

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 Senior Vice President Credit Risk Management is responsible for providing oversight and direction for critical activities within the Credit Risk Management function, including but not limited to, Credit Risk Management’s Strategic Plan and Budget mortgage origination/acquisition risk, loan reserve calculations, Counterparty approvals, Risk Mgmt corporate policies, corporate risk assessment and Credit change mgmt process. As the SVP Credit Risk, you will be responsible for the identification of emerging risks related to mortgage originations or acquisitions.

The Senior VP Credit Risk Management will:

• Develop and maintain Pennymac’s Servicing Credit Policy and Procedures for all mortgage products and investors.
• Oversee the change management program for Servicing Credit Policy
• Develop internal Quality Control scope for Servicing Credit Policy, oversee investor QC findings, and lead monthly Servicing Quality subcommittee meets to discuss findings and make remediation recommendations
• Develop Credit Risk Metrics and KPIs for the Servicing function
• Oversee monthly Credit Risk Management’s Servicing Business Review Meeting
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Demonstrated expertise in Servicing Credit Risk Management
• Knowledge of GSE, FHA, VA, USDA, PIH and generally acceptable servicing practices is a must
• Able to identify emerging risk trends and critical defects that need discussion
• Ability to create and deliver complex presentations to company leadership
• Strong proficiency in math, and writing, and familiarity with statistics
• Experience with writing credit policy is a must
• Highly proficient in Excel and Word, Google Docs
• Familiarity with utilizing Large Language Models is a plus

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

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 : $140,000 - $175,000