Senior Analyst, Reverse Servicing Controls - US Mortgage

Job Description

POSITION SUMMARY: Onity Group Inc. is the largest independent mortgage loan servicer in the United States and the fifth largest overall mortgage servicer. Onity is publicly traded (NYSE:OCN) and is widely recognized in government, industry, community and media circles as a leader in foreclosure prevention, mainly through loan modifications. Over the past few years, Ocwen has enjoyed significant growth in its loan servicing portfolio and market capitalization, largely as a result of successfully integrating servicing platforms acquired from large financial institutions. The Company is seeking a professional to manage Onitys Reverse Servicing Internal Control function. The candidate will be responsible for ensuring the first line of defense internal control environment is sound and effectively managed. Focus areas will include establishing policies and procedures in accordance with Onitys Policy Management Framework, remediating operations, compliance, identifying process and control deficiencies and assessing risk. This position will report directly to the Manager, Reverse Mortgage Servicing, for Risk Issues Management & IT Controls Testing. JOB FUNCTION AND RESPONSIBILITIES: Tracks and monitors departmental goals to ensure timely completion of strategic initiatives Monitors process & IT activities to identify areas for improvement and ensure current process flows are documented for Business Units Tracks operational & IT issues and coordinates with business units to develop corrective action plans Establish appropriate tracking and reporting disciplines within Reverse Servicing business to monitor compliance risk Maintain reporting of compliance assessments and findings to ensure proper remediation and/or escalation to Senior Management of any high risk or aged items. Ensure that the business unit remediates any compliance findings or gaps accurately and timely. Work cooperatively with Risk and Compliance Departments to ensure adequate testing is performed on compliance risk items ensuring complete remediation. Ensure that the business unit has appropriate controls to mitigate compliance risk. Participate in the RCSA process and ensure that business unit compliance risks and controls are appropriately documented Conduct IT Security & Risk Management testing on processes and controls. QUALIFICATION: Bachelors Degree required Minimum of 1-3 years experience in Regulatory Compliance, Internal Audit, Risk Management in a mortgage company or financial services company Applied knowledge and experience managing compliance with federal and state regulations that affect the mortgage banking industry. Knowledge of MSOffice with advanced Excel skills are required Excellent written and verbal skills Candidate should have 2 plus years of financial services / consumer lending / mortgage servicing experience Strong organizational skills Strong analytical skills, including ability to develop reports, analyze and interpret data Ability to work effectively with global cross-functional teams in a fast-paced environment Ability to juggle multiple competing priorities and adapt to constantly changing business environment Customer oriented individual