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ProfileBusiness Controls Specialist II Duties: Assists in the development of a mortgage centric compliance program that contemplates current regulatory requirements and industry standards; further supports Correspondent Lending by aiding in the development of policies and procedures for all Fulfillment functions. Acts as a liaison between the business and external counsel and provides legal recommendations. Prepares policy documents and partners with internal counterparts to promote consistency across the enterprise. Participate and present in the Enterprise Risk Management and Corporate Compliance Committee; partners with internal counterparts to ensure consistency; prepares monthly presentations. Analyzes current Fulfillment processes and provides legal recommendations on policies & procedures related to all Fulfillment functions; completes research on investor requirements to support recommendations. Researches case law to ensure current rulings do not impact risk in the Fulfillment process; makes recommendations where appropriate. Performs frequent review of competitor guidelines to ensure consistency with the market; identify differences and asses risk associated with alignment. Acts as a liaison between the line of business and internal/external counsel in matters related to the Fulfillment process. Assists in avoiding legal challenges by understanding current and proposed legislation, recommending new policies and procedures and ensuring Correspondent Lending is complying with legal requirements. Provides counsel on downstream affects of origination decisions; provides cost benefit analysis and recommendations. Partners with underwriting and appraisal to avoid material risk that could result in a repurchase requests from an investor. Addresses operational risks and works to implement improvements across Fulfillment. Collaborates with the Custodian Management team to ensure investor and warehouse requirements are met. Assists in the development and management of policies & procedures for CLG Fulfillment. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Performs other related duties as required and assigned. Demonstrates behaviors which are aligned with the organization’s desired culture and values.
Qualification and Experience
Qualifications: JD Degree. Management Reporting, Developing Policies & Procedures, Dealing with Complexity, Problem Solving, Legal Compliance, Knowledge of Reg Z, Reg X & Dodd Frank. Must be highly proficient in Excel and Word. Must be a team player with strong attention to detail and able to work independently. Proven track record at delivering timely and accurate information in a fast paced environment. Excellent critical thinking, problem solving, mathematical and sound judgment skills. Financial Services and, if possible, mortgage industry experience preferred. Strong business acumen and ability to interface with executive management.
Requisition No.: 15-0978P