Senior Associate, Residential Mortgage Operations

at  BNY Mellon

Overview
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
As a leading wealth manager, BNY Wealth Management is focused on helping successful individuals and their families build, manage and sustain their wealth across generations and market cycles. Through a unique service model focused on five Active Wealth practices — Investing, Borrowing, Spending, Managing Taxes, Protecting Legacies — they help clients in the U.S. and abroad achieve stronger after-tax performance to help maintain their wealth over generations.
We’re seeking a future team member for the role of Senior Associate, Residential Mortgage Operations to join our Mortgage Control and Oversight team within Wealth Management. This role is HYBRID, and can be in Pittsburgh, PA or Boston, MA.

EMPLOYER DESCRIPTION:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

IN THIS ROLE, YOU’LL MAKE AN IMPACT IN THE FOLLOWING WAYS:

Principal point of contact for all internal and external audits and exams, including remediation items.
Monthly review and validation of the third party quality assurance report results (10% of originated loans). If the exception is valid, the Control and Oversight team determines a course of action to remediate the exception. If the exception is not valid, a member of the Mortgage Control and Oversight team works with the third party vendor to clear the finding(s).
Flood review for all originated and loan portfolio for accurate reporting, accurate coverage, flood map changes, flood notice review through review of DMI and SPS
Encompass issues including TILA RESPA timing issues.
Review and submission of the HMDA LAR.
Quality Assurance review of active loans (10% of application) to ensure compliance with all regulatory requirements and identify any significant issues and to identify Mortgage Banking Associate and Closer training needs.
KPI and Issue tracking and reporting.
Encompass Data Changes
The Mortgage Control and Oversight team is also responsible for the preparation, submission and accuracy of the FR Y14 Regulatory Reporting, FHLB Pittsburgh and FRB Cleveland Mortgage Loan monthly pledges and the quarterly FICO, Reg O and Transfer Pricing files.

TO BE SUCCESSFUL IN THIS ROLE, WE’RE SEEKING THE FOLLOWING:

Bachelor’s degree in finance or the equivalent combination of education and experience is required
Mortgage regulations experience is required
Quality Assurance and Control in mortgage experience is required
Ability to prepare and review regulatory reporting is desirable
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023