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Business Controls Specialist I

Company: PennyMac
Location: Plano
Posted on: May 3, 2021

Job Description:


Assists in the development of a mortgage centric compliance program that contemplates current regulatory requirements and industry standards. Acts as a liaison between CLG and internal/external partners and provides recommendations on policies and procedures across all Fulfillment functions. Prepares policy documents and partners with internal counterparts to promote consistency across the enterprise.

Job Description

  • Participates in Enterprise Risk Management and Corporate Compliance Committee functions; partners with internal counterparts to ensure consistency; prepares monthly presentations.
  • Assists in the development of compliance policy based on current regulation; acts as a compliance subject matter expert.
  • Performs compliance reviews as needed; assists in the management of 3rd party reviews as applicable.
  • Partners with underwriting and appraisal to avoid material risk that could result in a repurchase requests from an investor.
  • Collaborates with the Custodian Management team to ensure efficiency in the collateral process and eliminates redundancies in the internal/external reviews.
  • Acts as a liaison between the line of business and internal/external counsel in matters related to the Fulfillment process.
  • Develops and monitors Client level finding reports; recommends remediation as appropriate; manages remediation plans and reporting on Client's progress.
  • Researches and resolves issues that arise as a result of QC audits, 3rd party findings and investor repurchase issues; reports agree/disagree findings to senior management; recommends changes to policies & procedures as needed.
  • Addresses operational risks within the Fulfillment process; works to implement improvements; ensures that changes in process are contemplated holistically prior to implementation.
  • Assists in the development and management of policies & procedures for CLG Fulfillment.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Prepares reports for upper management regarding status of project.
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values

Ideal Candidate will have the following:

  • Management Reporting, Developing Policies & Procedures, Dealing with Complexity, Problem Solving, Legal Compliance, Knowledge of Reg Z, Reg X & Dodd Frank.
  • Must be highly proficient in Excel and Word
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management

Years of Experience:



Associate's Degree

Keywords: PennyMac, Plano , Business Controls Specialist I, Other , Plano, Texas

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