Loss Mitigation Leader Europe & Senior Manager Ireland Branch
Genworth Financial Mortgage Insurance (Now Amtrust International)
County Dublin, Ireland
European Platform:Managed a team of 10 auditors performing mortgage underwriting and collections audits across 8 Countries (Ireland, UK, Italy, Germany, Finland, Sweden, Spain and Portugal)Designed the audit programme, co-ordinated logistics, managed the onsite audit teamsAnalysed results and presented audit findings to the internal Audit Review Committee Reported results to the clients and discussed any remedial actions requiredPrepared and presented quarterly reports to the Executive Committee and the BoardManaged and supervised all loss mitigation activities & the account restructuring programme across our European platforms to ensure the effective reduction of lossesLoss Mitigation team was directly responsible for c.€3m savings on forecasted target losses over a 2 year period (2013 - 2015)Experienced with business development & Government Relations activities across EuropeIreland:Account managed the relationship with Genworth’s Irish Bank clients (4 Financial Institutions) through the crisis.Restructure programme, operated in conjunction with Lenders, resulted in c1,500 families being kept in their homes as an alternative to repossession/voluntary surrender.Provided sustained comprehensive audit backup (project managing & completing audits) to support negotiations for the settlement of over €1bn of insurance liabilities. Project managed 5 large audits (sample size >500 mortgage loans each audit) completed in 2014 & 2015 I have a detailed knowledge of the Irish mortgage market, Central Bank lending restrictions, Mortgage Arrears Resolution Strategies (MARs) and Code of Conduct for Mortgage Arrears (CCMA)
