HMDA Professional, US Banks, Director, Wealth Management

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities Wealth Management (WM) and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage investment advisory financial and wealth planning credit and lending deposits and cash management annuities insurance retirement and trust services.

The Private Banking Group is responsible for developing and managing compelling banking and lending products and services designed to serve the diverse needs of our client base. These products include home loans securities-based lines of credit tailored lending products deposit products and cash management transaction services offered through our brokerage accounts.

Morgan Stanley Home Loans is seeking an Assistant Vice President Business Control and Assessment professional. This role reports to the VP MSHL Business Control Unit (BCU). The candidate will be responsible for the review of all Home Mortgage Disclosure Act (HMDA) Exception findings provided by the HMDA Compliance team testing results adhering to policies procedures processes and programs to prevent violations of role or regulations.

Role Responsibilities:

• Confirm exceptions identified by HMDA Compliance testing results.
• Research and resolve HMDA exceptions identified by:
• Verifying the accuracy of origination closing and legal documents as outlined in procedures.
• Working with Business Units and HMDA Compliance Team to discuss cures/fixes &/or remediate finding(s).
• Engaging with Risk Partners such as Legal or Compliance to obtain guidance to resolve issues as required &/or applicable.
• Collect validate and analyze loan data to ensure compliance with HMDA reporting requirements.
• Ensure HMDA data is complete and 100% accurate prior to annual LAR submission.
• Participate in the design and development of HMDA assessment procedures processes controls and training programs.
• Complete assigned work within SLA to ensure efficiency and meet compliance reporting dates.
• Support Business Unit owners to address issues such as identifying impact remediation needed and control failures for root cause analysis and identify trends
• Perform root cause analysis of findings.
• Request information from the Business to remediate loan data/documents.
• Monitor the execution of remediation for timeliness and accuracy.
• Work with business to implement tactical and strategic solutions and controls.
• Manage emerging/ad-hoc Home Loan projects to remediate any process or control gaps identified.
• Prepare risk management and assessment updates to VP MSHL (BCU) for all assignments.
• Develop materials for Control and Oversight monthly meetings.
• Review monthly Policy & Procedures changes to assess MS Home Loans.
• Review and identify the trends and provide analysis of the trends to management team.
• Perform reviews and assessments as directed by the Head of Home Loans Control and Assessment team.

Skills/Abilities/Qualifications:

• 6-9 years of experience in HMDA Quality and/or Loan Post-Closing Quality Assurance roles preferred.
• Thorough knowledge of HMDA Regulatory requirements.
• Experience with Compliance exception tracking tools i.e. Kaizen (Audit Genuis)
• Strong understanding of end-to-end mortgage process and products.
• Knowledge of Mortgage and Federal Regulations (such as HMDA TRID RESPA TILA ECOA).
• Strong understanding of underwriting and credit risk principles.
• Ability to identify issues and trends to anticipate change and provide solutions and remedies.
• Ability to efficiently extract and analyze data create value-added reporting and data intensive analysis for senior management.
• Sharp analytical skills exceptional problem-solving ability.
• Experience with Compliance exception tracking tools i.e. Kaizen (Audit Genuis)
• Mortgage experience with Wealth Management clients preferred.
• Strong attention to detail and ability to manage multiple assigned tasks under tight timelines.
• Ability to prioritize and resolve complex needs and escalate as necessary.
• Project management skills preferred: candidate must have the ability to partner with key stakeholders and gain consensus in the development of actionable remediation plans.
• Proficiency in MS Word Office (Excel Power Point Word).
• Creative communication through PowerPoint presentation.
• Strong verbal and written communication skills.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.