What are the responsibilities and job description for the Senior Associate, Residential Mortgage Operations position at BNY External Career Site?
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
As a leading wealth manager, BNY Wealth Management is focused on helping successful individuals and their families build, manage and sustain their wealth across generations and market cycles. Through a unique service model focused on five Active Wealth practices — Investing, Borrowing, Spending, Managing Taxes, Protecting Legacies — they help clients in the U.S. and abroad achieve stronger after-tax performance to help maintain their wealth over generations.
We’re seeking a future team member for the role of Senior Associate, Residential Mortgage Operations to join our Mortgage Control and Oversight team within Wealth Management. This role is HYBRID, and can be in Pittsburgh, PA or Boston, MA.
In this role, you’ll make an impact in the following ways:
- Principal point of contact for all internal and external audits and exams, including remediation items.
- Monthly review and validation of the third party quality assurance report results (10% of originated loans). If the exception is valid, the Control and Oversight team determines a course of action to remediate the exception. If the exception is not valid, a member of the Mortgage Control and Oversight team works with the third party vendor to clear the finding(s).
- Flood review for all originated and loan portfolio for accurate reporting, accurate coverage, flood map changes, flood notice review through review of DMI and SPS
- Encompass issues including TILA RESPA timing issues.
- Review and submission of the HMDA LAR.
- Quality Assurance review of active loans (10% of application) to ensure compliance with all regulatory requirements and identify any significant issues and to identify Mortgage Banking Associate and Closer training needs.
- KPI and Issue tracking and reporting.
- Encompass Data Changes
- The Mortgage Control and Oversight team is also responsible for the preparation, submission and accuracy of the FR Y14 Regulatory Reporting, FHLB Pittsburgh and FRB Cleveland Mortgage Loan monthly pledges and the quarterly FICO, Reg O and Transfer Pricing files.
To be successful in this role, we’re seeking the following:
- Bachelor’s degree in finance or the equivalent combination of education and experience is required
- Mortgage regulations experience is required
- Quality Assurance and Control in mortgage experience is required
- Ability to prepare and review regulatory reporting is desirable
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
