Organization: A Leading US Mortgage Organization (Captive Unit in India)  Job Title: Assistant Manager- Servicing Compliance Audit  Location: Bangalore/ Mumbai   The Organization is the largest independent mortgage loan servicer in the United States and the fifth largest overall mortgage servicer. It is publicly traded (NYSE:OCN) and is widely recognized in government, industry, community and media circles as a leader in foreclosure prevention, mainly through loan modifications. Over the past few years, it has enjoyed significant growth in its loan servicing portfolio and market capitalization, largely as a result of successfully integrating servicing platforms acquired from large financial institutions.   The Servicing Compliance Department is responsible for overseeing the mortgage servicing compliance testing program covering federal and state laws and regulations, servicing agreements and standards established with investors, national mortgage settlement requirements, government agency and government sponsored entity servicing standards, and MHA-C guidelines for the Home Affordable Mortgage Program.   - This position is for an experienced auditor who enjoys hands-on involvement in overseeing a team of individuals that will be conducting testing to ensure the organization is in proper compliance with Freddie Mac, Fannie Mae, HUD-FHA and Ginnie Mae requirements. This person will also have responsibilities for overseeing the remediation testing conducted by the team that will validate that any internal findings or external findings have been appropriately addressed by management.  This position will report to the Senior Manager, Investor Compliance.  Responsibilities:  - Evaluate management's action plans for deficiencies in compliance with laws, regulations and servicing standards to ensure they will be effective to remediate the deficiencies  - Track progress in implementation of various deficiencies in compliance with laws, regulations and servicing standards and report on progress to management  - Oversee internal servicing compliance audit program for completeness in coverage and adherence to testing program requirements  - Communicate results verbally and in writing to members of senior management and external third parties   - Provide regular updates to Senior Manager and process owners on status of remediation of deficiencies.   - Work with various business unit representatives and process owners to review and test internal systems and processes.  - Investigate opportunities to further automate existing controls.  - Maintain and update appropriate documentation evidencing testing of requirements and management's remediation efforts.   Key Result Areas:   - Proper tracking and reporting on the implementation of new or improved controls and processes  - Ensure various testing requirements are being conducted as per procedures defined  - Timely completion of testing and reporting of Freddie Mac, Fannie Mae, HUD-FHA and Ginnie Mae requirements and timely remediation testing efforts.   - Quality deliverables.   Qualification:   - A Bachelor's degree is required  - A Chartered Accountant, MBA, CPA or Certified Internal Auditor Designation is a plus.   - Experience in the Mortgage Servicing industry is a plus.   - 5 or more year's experience, of which at least 3 years should be in the area of internal auditing.  - Excellent communication skills, both oral and written, are required.

Mumbai

Bangalore

Assistant Manager - Servicing Compliance Audit 

Assistant Manager - Servicing Compliance Audit  ,Job Description for Assistant Manager - Servicing Compliance Audit  in Retrospectus HR in  Mumbai Bangalore for (5-9) years of experience. Apply Now!

Job Description for Assistant Manager - Servicing Compliance Audit  in Retrospectus HR in  Mumbai Bangalore for (5-9) years of experience. Apply Now!