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Pennymac
Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Dallas-Fort Worth, TX
Hybrid

Business Control Specialist I at Pennymac (Dallas, TX)

| Dallas-Fort Worth, TX | Hybrid
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Overview
Assists in the development of a mortgage centric compliance program that contemplates current regulatory requirements and industry standards. Acts as a liaison between CLG and internal/external partners and provides recommendations on policies and procedures across all Fulfillment functions. Prepares policy documents and partners with internal counterparts to promote consistency across the enterprise.
Job Description
  • Participates in Enterprise Risk Management and Corporate Compliance Committee functions; partners with internal counterparts to ensure consistency; prepares monthly presentations.
  • Assists in the development of compliance policy based on current regulation; acts as a compliance subject matter expert.
  • Performs compliance reviews as needed; assists in the management of 3rd party reviews as applicable.
  • Partners with underwriting and appraisal to avoid material risk that could result in a repurchase requests from an investor.
  • Collaborates with the Custodian Management team to ensure efficiency in the collateral process and eliminates redundancies in the internal/external reviews.
  • Acts as a liaison between the line of business and internal/external counsel in matters related to the Fulfillment process.
  • Develops and monitors Client level finding reports; recommends remediation as appropriate; manages remediation plans and reporting on Client's progress.
  • Researches and resolves issues that arise as a result of QC audits, 3rd party findings and investor repurchase issues; reports agree/disagree findings to senior management; recommends changes to policies & procedures as needed.
  • Addresses operational risks within the Fulfillment process; works to implement improvements; ensures that changes in process are contemplated holistically prior to implementation.
  • Assists in the development and management of policies & procedures for CLG Fulfillment.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Prepares reports for upper management regarding status of project.
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values
Ideal Candidate will have the following:
  • Management Reporting, Developing Policies & Procedures, Dealing with Complexity, Problem Solving, Legal Compliance, Knowledge of Reg Z, Reg X & Dodd Frank.
  • Must be highly proficient in Excel and Word
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management
Years of Experience:
5Education:
Associate's Degree
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • AWS Cloud ServicesLanguages
    • jQueryLibraries
    • jQuery UILibraries
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An Insider's view of Pennymac

What are some social events your company does?

Our Tech team has great events, including casino & trivia nights, virtual happy hours, gaming - we’ve even sponsored a video game tournament against our industry competitors! We’re nationally disbursed, but regardless of where people live, we’re all part of one interactive, linked community, and it’s easy to find others who share your interests.

Juan

Senior Developer, Production

How do you collaborate with other teams in the company?

The culture at Pennymac has cultivated a great sense of teamwork in which we all succeed, fail, and learn together. We collaborate in many ways - from video calls to morning coffee hours, ad hoc huddles, email, chat, and sometimes while playing ping pong or pool in the cafeteria. Everyone is encouraged to work together to accomplish a common goal.

Mandy

Vice President, IT Program Management

How has your career grown since starting at the company?

My time at Pennymac has rocketed my career as a software dev. In two years I went from having no professional coding background to managing three applications in production, managing two direct staff and contributing to open-source libraries. My time has given me the experience and skills to successfully create new tech products that make money.

John

Assistant Vice President, Application Development

How do your team's ideas influence the company's direction?

As a company, we're one very cohesive, supportive team with various areas of expertise. It's like a potluck - everyone brings something different, but it all comes together perfectly. Company management believes in us, trusts us, and invests in us. That provides the opportunity to build positive outcomes for our business and our customers.

Nick

Managing Director, Technology Infrastructure

What are some things you learned at the company?

Our team constantly works to better itself by delivering software on time without shortcuts or compromising quality. At Pennymac, I have the opportunity to own many critical day-to-day database operations. I've had the flexibility to be innovative, which has allowed me to grow as a developer.

Pavan

Senior Developer, Database

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