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KPMG is currently seeking a Manager/Director in Financial Risk Management - Credit Risk for our KPMG Risk Consulting practice.

Responsibilities:

• Apply a deep understanding of loan servicing operations, mortgage banking, and capital markets in the valuation, risk assessment, economics, and strategic analysis of mortgage servicing assets
• Execute against engagement requirements and internal risk policies including scheduling, planning, assignment of work streams, project direction, and review of work product
• Provide leadership and oversight to team members regarding engagement deliverables, project work programs, performance management, and skills development

Additional Responsibilities for Director:

• Write and present clear and concise reports and presentations containing meaningful observations and recommendations to clients, and document procedures performed and conclusions reached related to projects
• Contribute to industry and regulatory publications, write professional and thought leadership articles, and speak at related conferences and seminars
• Support proposal and business development activities by identifying new target clients, staying current with industry and regulatory developments, building business relationships with key executives, and developing and presenting both proposals and project deliverables

Qualifications:

• A minimum of eight years of experience in mortgage banking with an emphasis on mortgage servicing, mortgage servicing rights valuations, and reporting compliance
• Strong fundamental understanding of MSR assets/liabilities including valuation methodologies, key assumptions, MSR secondary markets, regulatory capital requirements (Basel II and III), and generally accepted accounting principles (GAAP) accounting considerations
• Practical industry and theoretical knowledge of MSR valuations including prepayment and credit behavior for various loan products, costs to service, ancillary income projections, remittance requirements, and discount rates; an understanding of hedging strategies and applicable GAAP accounting including ASC 860.10, 860.50 (SFAS 156, 166, and 167) is preferred
• Intricate knowledge of MSR modeling software including a combination of MIAC, QRM, Lewtan, and/or proprietary models, and prepayment modeling fundamentals including industry models such as Andrew Davidson & Co.
• Fundamental understanding of HAMP loan modification programs and related foreclose vs. modify models
• Strong understanding of mortgage products including agency loans and non-agency loans, as well as mortgage servicing operations including program remittance requirements, investor reporting, loss mitigation, and default management
• Travel may be up to 80-100%
• Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future

Additional Qualifications for Director:

• A minimum of fifteen years of experience in mortgage banking with an emphasis on mortgage servicing, mortgage servicing rights valuations, and reporting compliance
• Experience leading teams, developing personnel, and with project management
• Demonstrated track record of business development, productivity improvements, and self-career development, such as promotions, advanced degrees, and professional certifications

KPMG offers a comprehensive compensation and benefits package. KPMG, an equal opportunity employer/disability/veteran. KPMG maintains a drug-free workplace. KPMG will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable local, state or federal law (including San Francisco Ordinance number 131192). No phone calls or agencies please.