Senior Business Control Specialist
1 month ago
Job Summary:
The Senior Business Control Specialist will be part of the Regulatory Business Controls team within the Retail Business Enablement & Controls organization. This role will provide regulatory support and internal control discipline for Lending products, primarily for Mortgage Lending products.
Key Responsibilities:
- Provide regulatory expertise and guidance for several regulations, including Fair Lending, Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA)
- Support the monitoring and testing of controls by evaluating data to identify issues and control improvements for remediation
- Implement optimized controls and enhanced Quality Assurance (QA) practices to support business continuity efforts
- Conduct and coordinate quality inspection reviews to enhance employee performance and control effectiveness
- Perform QA activities, including executing on controls, managing cases, and reporting results
- Support the overall management of and research required for regulatory exams, internal audits, and other monitoring and inspection reviews
Requirements:
- Minimum of 3 years of relevant work experience with a working knowledge of lending regulations and lending processes
- Demonstrated ability to think strategically and execute tactically
- High attention to detail and strong organizational skills with the ability to prioritize requests and workload accordingly
- Ability to read and understand regulatory requirements, anticipate risks, and summarize key information
- Influence across the organization and diverse audiences
- Strong written and verbal communication skills
- Self-starter with excellent anticipation skills, problem-solving, and follow-up
- Demonstrated dependability and ability to act with a sense of urgency
- Ability to work in a fast-paced and complex environment
- Ability to deal with sensitive data and maintain confidentiality
- Ability to identify risks and ways to mitigate those risks
Preferred Qualifications:
- 5+ years of risk management or business control experience
- Mortgage lending regulation expertise, specifically related Home Mortgage Act (HMDA), and Equal Credit Opportunity Act (ECOA)
- Process Improvement and/or data analysis experience
- Capable of performing complex analyses and formulating solutions independently
- Experience with root cause analysis
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