[REMOTE] Residential Mortgage Vice President, Manager of Business Control Team
Company: Morgan Stanley
Location: Scottsdale
Posted on: May 8, 2024
|
|
Job Description:
DescriptionThe Business Control Unit Manager will be a member of
the Home Loans Control and Governance Team responsible for leading
and building out an enhanced control framework which supports a
continuous and integrated approach to risk assessment, risk
control, monitoring and mitigation. In addition, candidate will
oversee top-down risk analysis, real time control issue detection,
escalation, root cause analysis and remediation. This critical
leader will have a dual reporting line under the supervision of the
Executive Directors for Control & Governance and the Lending
Business Control Unit. The candidate will be the Manager of the
Home Loans Business Control Unit and will lead a team who is the
central point of contact with our Control partners including
Compliance, Audit, Legal, Operational Risk, Financial Control
Group, Technology, Wealth Management Operations as well as, Home
Loans management for Control and Risk Management functions. The
business scope of these activities covers the Home Loans
originations process from client leads through application,
processing, underwriting, closing/funding, and servicing.Locations:
- This can be a Remote Based opportunity in the US or Hybrid based
in New York City (3 days in office / 2 days from home). - Primary
Responsibilities- - Manage risk initiatives within Home Loans -
Business Continuity Planning, Business Unit testing, Compliance
Testing, Servicing Quality Control Oversight, HMDA reporting.- -
Manage Business Continuity Planning activities required from the
firm for Home Loans organization- - Review 2nd Line Compliance
testing and monitoring results - - - - - - - Perform root cause
analysis and identify trends - - - - - - - Work with business to
implement tactical and strategic solutions and controls - - - - - -
- Monitor the execution of remediation, where applicable- - Work
with Risk partners such as Legal, Compliance, Central Business
Risk, and 3rd Line Risk Groups to resolve issues and obtain
guidance as necessary- - Manage emerging/ad-hoc Home Loan projects
to remediate any process or control gaps identified- - Prepare risk
management and assessment updates to Senior Management for all
assignments- - Ensure Compliance and Operations Risk approves
process changes to confirm regulatory compliance- - Ensure firm
policies and procedures are monitored to confirm working as
designed and expected- - Participate in Technology/Project
Initiatives as required to assist business in developing
appropriate internal controls or to monitor significant changes in
control systems- - Lead/Coordinate in flight exams, tests, data
requests for Regulators, Internal Audit & Compliance Testing;
Coordinate/delivery of pre-audit work, delivery of sample testing
documentation and remediation of process gaps or findings- - Lead
and partner with Business Units to appropriately address all risks
identified accurately, and fully document through Issue and Action
Plans to remediation- - Manage and execution of RCSA program to
ensure on-going control improvements and strengthen existing
control environment- - Review and analyze program related data
(e.g., KRI) to support business-related programs and strategies- -
Prepare and provide status updates to the Control & Governance
Manager and the Business Control and Assessment Lead for all
assignments- - Manage the publication and communication process for
risk issues, assessments, and initiatives- - Support Home Loans
employees with questions regarding risk and controls to prevent
errors- - Support the Business Unit with New Product Approval (NPA)
initiatives- - Execution for the annual Law, Rules, and Regulations
programQualifications- - 5+ years of Management experience- - 5+
years of Risk Management experience- - 5+ years of Mortgage
Industry experience- - Strong and up to date knowledge and
understanding of risk and control assessments, internal control
testing and issue management- - Experience in risk assessments and
exams - Regulator, Internal Audit, Operational Risk and Compliance-
- Strong project management and process skills; ability to
prioritize and execute on multiple, simultaneous, complex
priorities- - Experience working with cross-functional teams- -
Strong computer skills necessary; familiar with how to navigate
SharePoint and a Microsoft Windows environment and have a strong
knowledge of Microsoft Office software- - Proficient in excel with
VLOOKUP's, charts, graphs, and data analytics- - Excellent verbal
and written communication skills including advising senior
management of risks, challenges, and potential solutions- - Working
knowledge of Loan Origination Systems (LOS)- - Bachelor's degree or
equivalent experience requiredSkills Required- - Ability to build
and maintain strong relationships with business users and risk
partners- - Ability to create clear and concise communications
using strong analytic and writing skills- - Ability to create
executive summaries and issue/risk summaries- - Ability to create
PowerPoint presentations for business users or senior management
that summarizes risk issues and assessment results- - Strong
presentation skills for a senior audience- - Confident,
initiative-taking, and independent initiative-taker- - Proven
history to work across organizational boundaries- - Adept at
working in a fast-paced, high-energy environment- - Strong
analytical capabilities and problem solving- - Strong
organizational skills- - Solid follow-up and follow through- -
Excellent attention to detailFor New York, expected base pay rates
for the role will be between $120,000 and $180,000 per year at the
commencement of employment. However, base pay if hired will be
determined on an individualized basis and is only part of the total
compensation package, which, depending on the position, may also
include commission earnings, incentive compensation, discretionary
bonuses, other short and long-term incentive packages, and other
Morgan Stanley sponsored benefit programs.Morgan Stanley's goal is
to build and maintain a workforce that is diverse in experience and
background but uniform in reflecting our standards of integrity and
excellence. Consequently, our recruiting efforts reflect our desire
to attract and retain the best and brightest from all talent pools.
We want to be the first choice for prospective employees.It is the
policy of the Firm to ensure equal employment opportunity without
discrimination or harassment on the basis of race, color, religion,
creed, age, sex, sex stereotype, gender, gender identity or
expression, transgender, sexual orientation, national origin,
citizenship, disability, marital and civil partnership/union
status, pregnancy, veteran or military service status, genetic
information, or any other characteristic protected by law.Morgan
Stanley is an equal opportunity employer committed to diversifying
its workforce (M/F/Disability/Vet). - Job Field: Wealth
Management
Keywords: Morgan Stanley, Casa Adobes , [REMOTE] Residential Mortgage Vice President, Manager of Business Control Team, Executive , Scottsdale, Arizona
Click
here to apply!
|