Mortgage Risk Quality Control Specialist

Regions Bank; Hoover (AL); On-site; USD 50,500 - 63,650; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Job summary

A financial institution is seeking a Business Unit Quality Control Specialist to ensure adherence to internal and regulatory guidelines. The role includes reviewing activities for compliance, entering data in the Quality Control System, and contributing to audits. Candidates should have a high school diploma and seven years of related experience. Strong communication and detail-oriented skills are necessary, along with proficiency in Microsoft Office. The position is full-time and located in Hoover, Alabama.

Qualifications

• Seven years of quality control, compliance, or banking experience required.
• Ability to learn business regulations and multi-task effectively.

Responsibilities

• Review business activities to ensure policies are followed.
• Enter final decisions into Quality Control System for feedback.
• Monitor compliance with federal guidelines.

Skills

Knowledge of applicable regulations

Advanced Microsoft Office skills

Detail oriented

Ability to multi-task

Strong communication skills

Education

High School Diploma or GED

Job description

Job Description

At Regions, the Business Unit Quality Control Specialist provides quality control oversight and support sampling specific decisioning to ensure a business group’s adherence to internal procedures and regulatory guidelines and established laws are met.

Primary Responsibilities

• Performs a review of specific business activities to ensure policies and procedures were followed and documents were appropriate and executed properly
• Reviews assigned samples and determines if associates followed the departmental procedures, Regions’ policies and Federal and State regulations
• Applies knowledge of the Business Unit’s system of record for completeness and accuracy
• Completes reviews ensuring applicable compliance oversight is documented in the system
• Enters final decision along with supporting information into the Quality Control System communicating results to internal business groups for feedback
• Assists in problem solving, researching and formulating responses to the business group due to errors for regulatory ineffectiveness
• Ensures compliance to department, agency, bank and federal guidelines and procedures to mitigate risk
• Works under limited direction and/or supervision

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• Seven (7) years of quality control, quality assurance, compliance, audit, banking, underwriting or related experience

Preferences

• Previous quality control experience

Skills and Competencies

• Ability to learn regulations impacting a specific line of business
• Ability to multi-task and set priorities
• Ability to research, review information, and summarize factsAbility to work under pressure and meet deadlines
• Advanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Advanced knowledge of areas of support
• Detail oriented
• Knowledgeable of all applicable regulations, agency guidelines and laws governing the business groups supported
• Knowledgeable of bank systems and tools to perform reviews in quality control
• Proficient verbal, written communication, and organizational skills

Additional Job Description

• Execute series of Consumer Real Estate Origination/Fulfillment quality control audits, on a sample basis, to ensure effectiveness of processes / transactions are being conducted as intended and in alignment with operational and compliance risks
• Cite exceptions, as needed, and perform trend analysis on key exceptions to ensure recurring issues are identified and escalated
• Ensure compliance with investor quality control requirements
• Monitor HMDA Data Quality in support of quarterly filings to include data cleanup and system change requests as needed
• Preferred skills in Real Estate Underwriting product requirements

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

Job Range Target:

Minimum: $50,500.00 USD

Median: $63,650.00 USD

Incentive Pay Plans: This job is not incentive eligible.

Benefits Information

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Location Details

Riverchase Operations Center

Location

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans