President - Bank Mortgage Division

  • Adams Keegan Inc
  • Memphis, Tennessee
  • Mar 14, 2019

Job Description

Location: US-TN-Memphis
Job ID: 2019-1262
Category: Management
Type: Regular Full-Time


Overview

Our client, a Memphis based bank, is seeking a President for the Mortgage Division to provide leadership, management and vision necessary to ensure that the Mortgage Division has the people and systems in place to effectively grow and expand the organization, maintain proper operational, security, compliance and legal controls, implement administrative and reporting procedures, and to uphold financial strength, operating efficiency and regulatory and legal compliance.

To achieve maximum results for the Mortgage Division, the Division President must actively pursue leadership of the Division's operational activities, particularly as they relate to the Bank's policies, procedures and compliance with applicable rules, regulations and regulatory enforcement actions. The Division President will collaborate with the CEO and other Senior Executive Officers to develop organizational methods, policies and procedures in support of the organization's mission. The Division President will have supervisory authority over those individuals that report to the Division President, as indicated in the Bank's organizational chart. The Division President will work directly with the Bank's customers, shareholders, regulators and other stakeholders to pursue business relationships and activities that are beneficial to the Bank and its stakeholders.

Functions and Responsibilities:
  • Provide day-to-day leadership and management to a service organization that mirrors the adopted mission and core values of bank;
  • Responsible for driving bank to achieve revenue growth, sales, profitability, positive cash flow, expense management, and business goals and objectives;
  • Manage and oversee the day-to-day operations of the Mortgage Division;
  • Collaborate with the Executive Management team to establish a Strategic Plan (plan may need to be amended and/or updated annually and/or from time-to-time), infrastructure, policies, procedures, and processes for the Mortgage Division;
  • Strive to achieve the Mortgage Division's annual budget, achieve asset quality and risk management objectives, and maximize profitability by applying efficiencies and productivity enhancements;
  • Serve as a Mortgage Division liaison with Compliance, Accounting, IT, HR, Risk Management, and Legal;
  • Strive to achieve goals as established by the Division plan;
  • Promote an environment of safety and soundness and good judgment;
  • Proactively assist the Bank with its regulatory exams, internal and external audits, and to achieve satisfactory ratings;
  • Ensure the Mortgage Division maintains a robust and satisfactory regulatory, legal and compliance program and proactively assists the Bank's Legal, Compliance and Internal Audit Departments to achieve satisfactory results;
  • Ensure the measurement and effectiveness of processes internal and external. Provides timely, accurate and complete reports on the operating condition of the division;
  • Spearhead the development, communication and implementation of effective growth strategies and processes;
  • Collaborate with the Executive Management team to develop and implement plans for the operational infrastructure of systems, processes, and personnel designed to accommodate growth and changing objectives of the Division;
  • Motivate and lead a high-performance team;
  • Attract, recruit and retain required members of the team, as needed;
  • Provide mentoring as a cornerstone to the management career development program;
  • Foster a success-oriented, accountable environment within the company;
  • Professionally represent the firm with clients, investors, and business partners;
  • Work closely with IT and system support teams;
  • Ensure proper training exists within the Division to produce consistent, quality service levels; and
  • Other duties as reasonably assigned.

Job Requirements
  • Bachelor's Degree (preferably in business, economics or related concentration)
  • 10+ years of experience in mortgage banking at a senior management level
  • Excellent knowledge of mortgage operations, including regulatory guidance, rules and regulations
  • Experience with Loan Production Offices and the related personnel
  • Excellent knowledge of financial reporting and budgeting
  • Superior ability to rapidly define problems, evaluate information, establish facts and draw valid conclusions

PM19

PI108481100