Commercial Real Estate Business Controls Lead Analyst - Irving Texas

at  PenFed Credit Union

OVERVIEW

Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family.
PenFed is hiring a (Hybrid) Business Controls Lead Analyst at our Tysons, Virgnia or Irving, Texas location. The primary purpose of this job is to establish and maintain expert knowledge of key business processes within the assigned mortgage business unit. This position will develop, design and implement solutions to align with the strategic goals of PenFed Mortgage. This position will also influence key business decisions and assist in providing solutions to complex business challenges.

QUALIFICATIONS

Equivalent combination of education and experience is considered.

• Bachelor’s Degree in a related field required.
• Minimum of eight (8) years’ related experience in banking or credit union operations that provides expert knowledge of products, services, systems, operational policies and procedures, and regulatory compliance issues is required.
• Experience with real estate loans (origination, processing, closing and funding) is required.
• Proficient knowledge of Microsoft Office tools.
• Expert level knowledge of lending and credit laws and regulations, including but not limited to RESPA, Fair Credit Reporting, Regulations B, C, E and Z, Home Mortgage Disclosure Act (HMDA) Truth in Savings and the SAFE act is preferred. Ability to effectively convey ideas and educate individuals and small groups
• Strong analytical skills and problem solving skills
• Proven ability to work in a fast paced environment
• Proven ability to balance multiple priorities, adapt to constantly changing business environment, work independently, drive projects to completion, and meet deadlines in a fast-paced environment.
• Demonstrate abilities in problem -solving and analysis: identifies issues, analyzes information to assess root cause and relationships, risks, and potential risk responses. Proven ability to synthesize complex data into concise recommendations and reports to senior management.

ABOUT US

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

• Responsible for the documentation, ownership and communication of key business processes and issues resolution.
• Identify opportunities and leads implementation of business solutions to meet business needs.
• Maintain expert knowledge of internal policies and procedures, as well as external (federal and state) regulations and guidelines concerning real-estate related lending.
• Create and maintain department process workflows and procedure framework.
• Analyze new legislation to determine impact on business process and risk exposure. Create risk mitigation plans and work cross departmentally to implement solutions.
• Coordinates with appropriate stakeholders develop and monitor action plans associated with identified issues and help ensure successful initiative implementation.
• Verify and/or validate action plans have been completed and are effective.
• Serve as the Liaison for internal and external audits.
• Acts as a subject matter expert to assure processes are compliant with investor and regulatory guidelines.
• Perform root cause analyses and system testing, providing recommendations to increase control and reduce risk.
• Responsible for business requirements to assist with the development of in-line controls to decrease the incidence of non-compliance.
• Provide feedback to manager to allow for coaching and improvement.
• Balance multiple priorities and adapt to constantly changing business environment, work independently, drive projects to completion to meet deadlines in a fast-paced environment.
• Engage with vendors on new and/or existing services to optimize efficiency and quality.
• Acts as a subject matter expert to assure processes are compliant with investor and regulatory guidelines
• May lead project coordination with stakeholders across multiple functional areas.