Operational Risk Analyst II (HMDA)
Company: Navy Federal Credit Union
Location: Pensacola
Posted on: May 3, 2024
|
|
Job Description:
To review, analyze, and report on Navy Federal's mortgage
application data to ensure the accuracy of HMDA submission data, to
improve operational efficiency and effectiveness, mitigate risk and
remediate operational and regulatory vulnerabilities. Develop and
lead HMDA risk assessment projects to assess compliance with
federal and state regulatory requirements, industry standards, and
Navy Federal operating procedures. Develop complex and highly
specialized risk assessment scopes. Perform in depth and
comprehensive gap analyses to determine the root cause of process
gaps and regulatory compliance failures. Assign corrective action
target dates and ensure timely control implementation. Monitor
corrective action target dates to ensure prompt remediation and
control implementation to comply with regulatory government
agencies requirements. Maintain data in the compliance monitoring
platform to ensure adherence with regulatory government agencies
requirements.
Responsible for being knowledgeable and up to date on banking laws
and regulations as well as NFCU policies and procedures pertaining
to HMDA.
Review accuracy of the data collected and required to be reported
on mortgage loans originated.
Review accuracy of the data collected and required to be reported
on mortgage applications that did not originate (denials,
withdrawals, approved not accepted applications
Data entry of HMDA data into RATA software
Plan the research for and development of specialized risk
assessment scopes
Collaborate with management and personnel to optimize HMDA data
collection and reporting
Identify potential business risks, operational and regulatory
process deficiencies and improvement opportunities
Gather and synthesize data; present conclusions and offer risk
mitigation, remediation and process improvement solutions to
management
Lead/conduct and provide expertise with the administration of HMDA
risk assessment and testing lifecycles of business activities,
processes, policies and procedures for operational effectiveness
and compliance with regulatory requirements, federal and state
laws, and Navy Federal's quality control standards, policies and
procedures
Make recommendations for additional controls and corrective action
to improve the efficiency and effectiveness of operations and risk
mitigation processes
Prepare and present to management and/or affected business unit
summaries, operational and regulatory risk assessment reports,
trending, and remedial or mitigation solutions
Maintain effective communication with other business units and
support teams to remediate errors and assist with implementation of
corrective actions related to non-compliance with policies and
procedures
Analyze Internal and External Audit reports and recommend
enhancements to the risk assessment process
Partner and maintain effective working relationships with
management to evaluate the progress of risk assessments and key
issues raised during the review process and to facilitate the
overall improvement of internal control structures
Serves as coach/mentor to lower-level staff
Maintain clear and organized risk assessment documentation
including data, scope, status, results, reports, corrective
actions, and completion date
Identify training opportunities and assist in the development of
lower-level staff
Develop and help administer optimal data testing and sampling
strategies to ensure the most effective risk detection, analyses
and control solutions
Develops new and updates HMDA policies and procedures
Serve as a resource for and interpret federal, state, NCUA, and
other regulations and guidelines that impact the business unit
operations
Analyzes the impact of changes to federal and state regulations and
makes recommendations for changes to policies, procedures and
practices to ensure compliance
Serve as primary point of contact and subject matter expert in
meetings, committees, and major projects related to the development
and improvement of processes and controls
Stay abreast of industry and regulatory related news and
developments
Bachelor's Degree in Business Administration, Auditing, or related
field or equivalent combination of training, education and
experience
Strong knowledge of HMDA related rules and regulations with a
strong ability to apply regulatory changes to loan operations, as
needed.
Recent mortgage professional experience (minimum 3-5 years) with a
proficiency in the areas of underwriting, closing or compliance
experience may be substituted.
Knowledgeable and up to date on banking laws and regulations
pertaining to HMDA.
Advanced project management skills
Advanced knowledge of operational and regulatory risk controls
concepts and practices
Proven ability to plan, organize and effectively execute risk
mitigation and process improvement initiatives
Advanced organizational, planning and time management skills
Working knowledge of products, services, processes, requirements,
and systems related to the business unit
Ability to comprehend, analyze, interpret, communicate and apply
government and financial industry regulations related principles
and practices, and company instructions, procedures and
policies
Advanced communication and negotiation skills with ability to
exercise good judgement and tact in dealing with Navy Federal
senior management
Experience in collaborating across organizational boundaries and
building partnerships across various functions
Advanced customer service focus and relationship management
skills
Advanced word processing and spreadsheet software skills
Advanced presentation software skills
Advanced knowledge of operational and regulatory risk controls,
concepts, and practices
Master's Degree in related field or equivalent combination of
training, education and experience
NCCO, CRCM, or other applicable compliance certification
Advanced knowledge of state and Federal laws; and company policies
that govern the business unit's products/service
Hours: Monday - Friday, 8:00AM - 4:30PM
And we're looking for team members who are passionate about our
mission-making a difference in military members' and their
families' lives. Military Times 2022 Best for Vets Employers
--- WayUp Top 100 Internship Programs
--- Forbes - 2022 The Best Employers for New Grads
--- Fortune Best Workplaces for Women
--- Ripplematch Campus Forward Award - Excellence in Early Career
Hiring
--- Fortune Best Place to Work for Financial and Insurance
Services
Equal Employment Opportunity: Navy Federal values, celebrates, and
enacts diversity in the workplace. Navy Federal takes affirmative
action to employ and advance in employment qualified individuals
with disabilities, disabled veterans, Armed Forces service medal
veterans, recently separated veterans, and other protected
veterans. EOE/AA/M/F/Veteran/Disability
EOE/AA/M/F/Veteran/Disability
Disclaimers: Navy Federal reserves the right to fill this role at a
higher/lower grade level based on business need. Navy Federal
Credit Union assesses market data to establish salary ranges that
enable us to remain competitive. You are paid within the salary
range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal
policies and procedures, and regulations pertaining to the Bank
Secrecy Act.
Keywords: Navy Federal Credit Union, Pensacola , Operational Risk Analyst II (HMDA), Professions , Pensacola, Florida
Click
here to apply!
|