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Manager of Mortgage Vendor Risk Management Review Team
Wintrust
Rosemont, IL, United States
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Description
Wintrust Mortgage is not like other mortgage providers. For us, it’s not just about products and price. It’s about service. Service to our customers and our community. Whether you’re buying your first home or refinancing, Wintrust Mortgage is your calm, clear and experienced guide through the mortgage process.
Wintrust Mortgage was created to assist in the realization of the American dream of home ownership. Since its founding in 1981, Wintrust Mortgage has weathered the ever changing real estate market. As a full service federally-chartered lender with offices located across the country, Wintrust Mortgage is dedicated to providing customers with a wide range of mortgage products. To compliment the basic Conventional, FHA and VA Programs, Wintrust Mortgage is positioned to meet the needs of the continually evolving mortgage market. Wintrust Mortgage is a part of Wintrust Financial Corporation, a well-capitalized, diverse, financial services company.
About the Job
The Manager Mortgage Vendor Risk Management Review Team will be responsible for a Third-Party Vendor Review team that is part of Wintrust Mortgage and will report directly to the EVP, Chief Operations Officer of Wintrust Mortgage and SVP, Third-Party Vendor Risk Management. The Manager will lead a team of vendor risk analysts who will be primarily responsible for the execution of third-party vendor reviews for new and existing vendors for Wintrust Mortgage. The Manager will also collaborate with the Wintrust vendor sponsors to facilitate the execution of vendor reviews. The Manager of the Mortgage Vendor Risk Management Vendor Review team will also ensure that the review function leverages the Enterprise Vendor Management program. The Manager of Mortgage Risk Management Vendor Review Team will also work with the SVP of Enterprise Third-Party Vendor Risk Management to prepare risk overviews and reporting for the Third-Party Management Risk Committee and Wintrust Senior Management team.
Manager, Mortgage Vendor Risk Management Review Team Responsibilities include:
• Adhere to the Enterprise vendor review policies and procedures for new and existing vendor reviews to ensure that Wintrust Mortgage has the proper oversight over its new and existing vendor relationships
• Manage the execution of mortgage third-party vendor reviews of new and existing vendors and ensure remediation of issues identified and tracked until resolution.
• Participate in an Enterprise Third-Party Vendor Review Working Group to vet vendor review results, remediation status, and discuss legal developments or vendor matters for escalation to the Third-Party Vendor Risk Management Governance Committee
• Develop a process to report mortgage vendor management metrics and KRIs for inclusion in enterprise risk management governance reporting as well as for line of business reporting as appropriate
• Enhance existing scorecarding process for mortgage vendor service level agreements (SLAs) to ensure regulatory expectations and legal requirements are incorporated as appropriate
• Provide regular reporting of matters to be escalated to the Third-Party Vendor Risk Management Committee to ensure proper oversight to the Wintrust Board of Directors
• Remain up to date on regulatory guidance and practices related to third-party management and keep abreast of current trends/industry events
• Assist in coordinating with Senior Management within the 1st line businesses in reviewing overall operations, developing, and conducting risk assessments, and advising on risk framework, risk oversight, and risk management policy questions as they relate to enterprise third-party vendor risk management
Wintrust Financial Corporation (including community banking and financial services subsidiaries) is an Equal Opportunity/Affirmative Action/Veterans/Disability employer.
Qualifications
Minimum Qualifications
• Bachelor's degree required, Business Administration or Finance preferred, Masters Degree a plus
• 3-5 years’ experience assisting financial institutions with risk management/third-party management oversight programs and executing vendor reviews or “Big Four” Financial Services consulting experience executing third-party management vendor reviews for mid-size or large institutions
• Experienced Manager with strong leadership skills
• Excellent verbal and written communication skills
• Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally
Wintrust Mortgage offers competitive benefits package inclusive of: Flexible works hours. Medical, Dental, Vision, and Pharmacy Coverage. Flexible Spending Accounts. 401k Plan. Short & Long Term Disability Coverage. Life and Accidental Death and Dismemberment Insurance. Employee Assistance Program. Paid Time Off. Wintrust Mortgage is an Equal Opportunity Employer. Please do not call or contact directly. Please include salary history and professional references. All employment offers are contingent upon the successful completion of a background check.