• Lead Credit Strategies Execution function providing sales, underwriting and fulfillment with clear and consistent guidance on Credit Policy, Philosophy/Interpretation •Lead Credit Exception function providing loan level underwriting exception review and approval for Client Underwriting •Partner with Credit Policy on Program/Procedure Updates •Partner with Remediation Management to Guide Quality Improvement •Partner with L&LD on Credit Training Initiatives for Underwriting, Fulfillment and Sales •Executes monthly reporting functions, including sourcing and managing data for dashboards, trackers, etc •Tracks expenses and helps develop budgets in coordination with Finance partners •Consults with senior management in evaluating current methods and developing strategies to implement changes and improvements. Builds a thorough knowledge of the department or business units functional area or products. •Assist in the execution of internal control discipline and operational excellence within a LOB or ECF. Execute LOB/ECF specific processes and tools to drive adherence to enterprise-wide Standards. Support the implementation of QA/QC processes within the LOB/ECF through ongoing monitoring and testing of controls. Identify issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones. Acts as an ambassador of the risk culture. Develop and direct staff. Incumbents typically have over 8+ years of risk management and LOB/ECF experience.
Required Skills: "Must" have these skills to be minimally qualified.
10+ years' experience with Conventional, FHA and VA lending
Strong understanding of mortgage lending sales, underwriting and fulfillment policy/procedures for first, second and high net worth loan transactions
Independent thinking and the ability to assess if the relevant functions are performing in compliance with bank policy and the regulatory expectations
Excellent communication skills both written and verbal as the job requires interaction with various parts of the organization and ongoing management reporting of the state of compliance
Attention to detail and organizational skills is a must
Strong powerpoint skills; skilled in pulling together data in a presentation format.
Strong excel skills
Strong project management and time management skills
Strong presentation skills
Prior knowledge and experience in process risk and controls or issue management
Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading.
Supporting the military has been a focus of Bank of America for more than 90 years. This includes our partnerships with military organizations, efforts to hire and develop military service members and veterans, and our products and services for military customers. Military men and women make sacrifices every day to serve our country and we want to do everything we can to connect them to the resources they need to make their lives better.
Bank of America actively works to attract, develop and retain veterans, reservists and military spouses because of the unique skills and experiences they bring to our organization. Their personal values align with our company's values around trusting the team, acting responsibly and realizing the power of our people.
We support military employees through our Military Support & Assistance Group (MSAG), an employee network that creates opportunities for advancement and leadership development through networking, mentoring and information forums.
Additionally, Bank of America supports the U.S. military through the Military Affairs Advisory Group (MAAG), an internal team that focuses on reintegrating service members into the civilian workforce through education, employment, wellness and housing.
Bank of America's military recruiting efforts are regularly recognized on a national level as a top "Military Friendly" employer by GI Jobs, Military Edge and Employer Support for Guard and Reserve.
Join the thousands of veterans who now call Bank of America their Employer of Choice.