Business Controller

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments. Its Institutional Securities, Wealth Management (WM), and Asset Management divisions offer comprehensive financial advice and services to clients.

The Private Banking Group develops and manages banking and lending products designed for diverse client needs. These include home loans, securities-based lines of credit, tailored lending products, deposit products, and cash management transaction services.

Morgan Stanley Home Loans seeks an Assistant Vice President, Business Control and Assessment professional who will report to the VP MSHL Business Control Unit (BCU). The candidate's responsibilities include reviewing HMDA exception findings provided by the HMDA Compliance team and adhering to policies, procedures, processes, and programs to prevent violations of roles or regulations.

Key Responsibilities:

• Confirm exceptions identified by HMDA Compliance testing results.
• Research and resolve HMDA exceptions by verifying origination, closing, and legal documents as outlined in procedures.
• Work with Business Units and HMDA Compliance Team to discuss cures/fixes &/or remediate finding(s).
• Engage 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 impact.to 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.

Requirements:

• 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 We Offer:

• A commitment to maintaining first-class service and high standards of excellence.
• Opportunities to work alongside the best and brightest professionals in an environment where you are supported and empowered.
• A culture of inclusion where individuals can maximize their full potential.
• Comprehensive employee benefits and perks in the industry.
• Ample opportunities to move about the business for those who show passion and grit in their work.