Overview
Quality Assurance Analyst Jobs in Lansing, Michigan, USA at Flagstar Bank, N.A. in
Job Summary
The Credit Products-Quality Assurance Analyst is responsible for executing 1st line of defense assurance reviews to ensure adherence to risk appetite statements and the accuracy of information feeding the Bank’s financial statements. To accomplish the objectives, the analyst will individually participate or lead a review through the analysis of underwriting quality, adherence to credit policy, processes and procedures, risk rating accuracy, regulatory compliance and validating correction actions committed to assurance partners are complete, effective and sustainable.
Pay Range: $84,878 – $112,463 – $140,049
Job Responsibilities:
Conduct credit and operational risk reviews and assessments for Private Wealth and Commercial credit products (e.g., loans, leases) to ensure adherence to loan policies, processes and procedures.
Analyze individual loan transactions for risk rating accuracy, policy compliance, prudent credit risk management practices, and system data quality.
Serve as a review team member.
Conduct compliance risk reviews and assessments for Private Wealth and Commercial credit products, process/procedure risk assessments, and corrective action validation reviews.
Identify and report on any discrepancies or issues in loan documentation.
Document findings/issues and assist with initial root cause analysis.
May perform tests of controls as part of continuous monitoring to provide an evaluation of data quality and operational effectiveness.
Identify gaps in current processes and procedures, then collaborate with management and stakeholders to recommend solutions to eliminate those gaps.
Lead ongoing reviews and target reviews when needed. Leading reviews include:
Designing review scope
Identifying population and sample set
Ensuring review team members have appropriate tools and knowledge in advance of review commencement
Assigning review responsibilities
Overseeing the execution of review, reviewing team work papers, and performing analysis of results
Writing and issuing final review report
Conducting final review results with management of area reviewed
Participating in remediation activities as needed
Responsible for following established guidelines and identifying and resolving straightforward problems.
May own regular reporting or process administration.
ADDITIONAL ACCOUNTABILITIES
Perform special projects, and additional duties and responsibilities as required.
Consistently adhere to regulatory and compliance policies and standards linked to the job and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required:
Undergraduate Degree (4 years or equivalent), or 6-8 years of directly related experience.
Minimum experience required: 5+ years of credit-related experience in the Financial Services Industry.
Preferred Qualifications:
5-7 years of credit Quality Assurance (QA) experience in the Financial Services Industry.
Job
Competencies:
Understanding of Credit Underwriting and Credit Loan Policies.
Excellent time management while meeting deadlines and communicating status updates with management or team lead.
Display a high degree of motivation, initiative, collaboration and actively interact and be an engaged team member.
Produce results in a timely manner with minimum oversight.
Risk and control mindset is essential.
Attention to detail to read and interpret documents such as policy, procedures, job aids, and loan documentation.
Experience working with internal business partners.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.
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Title: Quality Assurance Analyst
Company: Flagstar Bank, N.A. in
Location: Lansing, Michigan, USA
Category: Finance & Banking, Quality Assurance – QA/QC
