Mortgage Audit and Risk Assessment Manager

hace 4 semanas


San Juan, San Juan, Puerto Rico First BanCorp A tiempo completo

Mortgage Audit and Risk Assessment Manager Job Summary

The Mortgage Unit Audit and Risk Assessment Manager is responsible for overseeing all business audits and reviews. This role serves as a liaison with regulators, internal and external auditors, and investigates and answers audit findings. The manager evaluates exceptions to identify trends that need process improvement, training, or additional controls. They are responsible for reporting and guiding business unit managers on the quality of loan applications, closed loans, and servicing functions.

Key Responsibilities

  • Manage and serve as liaison with compliance and other unit managers in the implementation of regulatory, investor, or internal controls changes.
  • Evaluate the impact of changes in operations and ensure risk is mitigated by coordinating training and testing as needed.
  • Oversee quality and audit management and investor requests, including review of applications and originated loans to ensure regulatory and investor requirements compliance.
  • Escalate exceptions that may have a regulatory, monetary, or reputational impact to unit managers and/or senior management.
  • Serve as liaison with regulatory regulators such as the CFPB and FDIC.
  • Identify control deficiencies and/or process improvements and work in a cross-functional team atmosphere to determine best practices that mitigate any risk or audit concerns.

Requirements

  • Juris Doctor Degree together with specialized regulatory compliance training.
  • Bachelor's degree in Accounting, Business, Management, or other area.
  • Five (5) or more years of work experience in the mortgage business, in risk management, audit, and compliance.

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