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Mortgage Risk & Control Senior Associate

Company: Citi
Location: Jersey City
Posted on: July 13, 2018

Job Description:

  • Primary Location: United States,New Jersey,Jersey City
  • Education: Associate's Degree/College Diploma
  • Job Function: Private Client Product Mgmt
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18046025
    About Citi:

    Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

    Citi---s Mission and Value Proposition explain what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients--- and the public---s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

    Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

    The Mortgage Risk & Control Senior Associate is part of the Residential Real Estate Risk and Control Team. The position is directly responsible for conducting reviews of mortgage loan files prior to closing to confirm adherence to legal, regulatory, and internal bank policies prior. Responsibilities also include performing process control reviews to determine level of adherence to defined policies and procedures, identifying gaps in processes and working with designated points of contact to resolve issues that arise . Key responsibilities include:
    - Perform pre post-closing quality control loan reviews and identify potential non-conformance issues
    - Proactively communicate any findings to manager to initiate required investigations
    - Partner with business managers to identify root causes of defects, assist in resolution
    - Assist in development of formal test plans
    - Work independently with management and technical groups within the functions they support
    - Assists in development of formal test plans.
    - conduct a quality review of processes used to handle home equity and first mortgage files, from application through closing.
    - Identify any potential red flags or areas of risk concern and escalate them for additional verification or investigation.
    - Maintain proficient knowledge of the Bank---s underwriting policies, and state and federal regulations concerning mortgage loans, including but not limited to HMDA, ECOA, CRA, Truth-in-Lending Act-Reg Z, RESPA-Reg B, and other related regulations.
    - Assist with the business monitoring/ Corrective Action Plan (CAPs) validation, including requesting MIS, preparation of test scripts, reviewing findings with CAP owners, maintaining all backup documents and discussing findings with Management.
    - Ensure accuracy, internal consistency, uniformity, and compliance with regulatory commitments and expectations
    - Perform additional job duties as required.

    - At least 3-years mortgage banking experience with extensive background in residential quality control or underwriting
    - AA degree or equivalent combination of education and experience
    - Excellent organization skills and ability to demonstrate control, flexibility, and while maintaining quality and high productivity
    - Attention to detail ability to multi-task and work independently and as a team member
    - Excellent communication skills, both written and verbal. Ability to provide detailed reports based upon audit findings
    - Proficient PC skills (Microsoft Office), with the ability to learn new software and to summarize and present data in an effective manner. Ability to use the internet for research
    - Excellent understanding of credit loan programs and mortgage related guidelines.

    Keywords: Citi, Jersey City, Mortgage Risk & Control Senior Associate, Other, Jersey City, New Jersey

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