Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications.
We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.
POSITION SUMMARY
The Special Loans First Line Risk Analyst detail-oriented and highly analytical professional inside the Special Loans Department. The Special Loans First Line Risk Analyst will be responsible for identifying and mitigating risks associated with Home Equity Line of Credit (HELOC) transactions, ensuring compliance with Anti-Money Laundering (AML) regulations, and proactively detecting potentially fraudulent activities. Your contributions will play a critical role in maintaining the integrity of our operations and protecting customers' financial interests.
DESCRIPTION
Duties and Responsibilities
Proactive AML and Fraud Detection: Conduct thorough reviews of HELOC check requests and draw transactions to identify unusual or suspicious activity.Utilize fraud detection tools and systems to flag and investigate potential risks.Analyze patterns and trends to mitigate emerging fraud risks.Risk Assessment and Reporting: Evaluate the risk profiles of HELOC applicants and identify inconsistencies or red flags.Prepare detailed reports on findings and escalate concerns to appropriate departments, including Compliance or Second Line of Defense.Compliance Oversight: Ensure adherence to AML regulations, including the Bank Secrecy Act (BSA) and the USA Patriot Act.Collaborate with legal and compliance teams to stay informed about regulatory updates and incorporate them into processes.Collaboration and Communication: Work closely with underwriting, customer service, and risk management teams to address identified risks.Liaise with external auditors, regulators, or law enforcement agencies when necessary.Documentation and Process Improvement: Maintain accurate and complete documentation of all reviews, investigations, and resolutions.Recommend improvements to existing fraud detection and AML processes to enhance efficiency and effectiveness.Performs related duties as assigned by management.Qualifications and Education Requirements
High school diploma or equivalent required.Bachelor’s degree in Finance, Business, Criminal Justice, or a related field preferred.2-4 years of experience in AML, fraud detection, or a related field.Previous experience with HELOCs, mortgage lending, or banking preferred.Skills, Abilities, and Knowledge
Familiarity with AML regulations (e.g., BSA, USA Patriot Act, Financial Crimes Enforcement Center (FinCEN) guidelines).Strong analytical, investigative, and problem-solving skills.Proficiency in fraud detection software and tools.Excellent communication and interpersonal skills.Ability to work independently and manage multiple priorities in a fast-paced environment.Attention to detail and accuracy.Ethical and integrity-driven mindset Strong judgment and decision-making ability Collaborative and team oriented.Additional Information
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.
Additional Information:
While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.
Company Benefits:
Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!
Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave
Pet insurance
Adoption Assistance
Tuition reimbursement
Employee Loan Program
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW:
Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions
Equal Employment Opportunity
We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.
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