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Job Title: Manager Originations Oversight
Company Name: HSBC
Location: Chicago, IL
Position Type: Full Time
Post Date: 11/16/2017
Expire Date: 12/16/2017
Job Categories: Accounting/Auditing, Financial Services, Government and Policy, Executive Management
Job Description
Manager Originations Oversight

Oversees vendor relationship for all originations functions, to include regulatory field compliance, service level management, sub-vendor management and governance and reporting. Serves as Single Point of Contact (SPOC) for vendor/HSBC relations pertaining to mortgage originations.

 
Impact on the Business
  • Monitor daily compliance tracking, coordinate between sub servicing vendor and HSBC regarding the resolution of compliance Anti-Money Laundering (AML) items on individual loan transactions; serve as primary liaison between the vendor and HSBC for compliance-related items including exam coordination and findings resolution
  • Ensure mortgage loans are properly originated to the standards of the sub servicing contract including routine sampling of transactions; monitor service level reporting by the vendor
  • Monitor vendor approval and use of third party vendors as outlined by the contract including annual reviews, monthly performance reporting and vendor site visits. Provide internal reporting and risk assessments as required
  • Take lead role in conducting and managing joint origination governance committees with vendor. Provide management information reporting regarding overall originations oversight process. Present any unresolved issues to the Governance Committee and develop and monitor improvement plans as needed
 
Customers / Stakeholders
  • Act as a focal point between the vendor and HSBC related to the program origination components including the Private Bank; and monitor operational risk related to the vendor including audits on non-compliance related items. Coordinate activities with Credit Risk, Compliance, Vendor Risk Management and other areas
 
Major Challenges
  • Ensuring compliance with all government regulations and dealing with a multitude of government regulators
  • Ensuring all parties are compliant with all contractual mandates
 
Role Context
  • The position provides daily guidance and direction to seven employees and is required to operate independently and within a team environment. The position exercises independent judgment and decision making. Occasional travel to third party facilities may be required
 
Management of Risk
  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
  • Promote an environment that supports diversity and reflects the HSBC brand
  • Remediate Audit Findings and Regulatory Matters Requiring Attention (MRAs). Ensure Compliance with related Consent orders (i.e. AML, Know Your Customer (KYC)/Customer Information Profile (CIP), Mortgage Electronic Registration Systems (MERS), Affidavit and Notary Compliance, risk assessments and control monitoring
 
Observation of Internal Controls
  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators


As you complete your online application, please use source code: Historically Black Colleges and Universities. If you would like to notify HSBC's Diversity Recruiting team of your application, please e-mail diversity.recruiting@us.hsbc.com.

Qualifications & Requirements



  • Minimum of seven years proven mortgage industry experience, including operational risk and compliance, business process and technology optimization or equivalent


  • Bachelor's degree in business, related field or equivalent experience


  • Strong interpersonal and verbal and written communications skills; proven problem-solving and decision-making skills


  • Sound knowledge of regulatory compliance, mortgage settlement and collateral policies


  1. EEO/AA/Minorities/Women/Disability/Veterans
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Contact Information
Company Name: HSBC
Website:https://hsbc.taleo.net/careersection/externalnam2/jobdetail.ftl?job=000095W6&lang=en&src=
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