Mortgage Compliance, Associate, Framework / Core Functions

We're seeking someone to join our team as an Associate in the Legal and Compliance division as Mortgage Compliance Associate with a principal responsibility to assist the team in Mortgage Lending monitoring activities to ensure compliance with applicable laws and regulations, and to help assure management associated policies, procedures, and controls are effective.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is an Associate position within the Oversight, Monitoring and Testing in Bank Compliance HMDA Review Team, this team is charged with oversight and coordination of the Compliance program for the U.S. Banks (Morgan Stanley Bank, N.A. and Morgan Stanley Private Bank, National Association).

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role: Performing monthly Home Mortgage Disclosure Act (HMDA) data scrubs which include OCC and CFPB HMDA Plus expanded fields

Completing 100% scrubs monthly and logging/tracking data exception issues through the HMDA software

Resolution of issues identified during the monthly HMDA scrubs with our Home Loans Business and TL Business

Performing Compliance impact analysis

Documentation, data gathering and review

What you'll bring to the role:   Bachelor's/Master's degree in Finance, Economics, or similar

2+ years of experience working in a professional environment

Knowledge of Residential Mortgage Lending, Tailored Lending (TL) products, HMDA Regulation C & related banking regulations and mortgage documents like 1003, 1008, Disclosures, Appraisal, Flood Certificate, Credit report, etc.

Additional regulations knowledge of Regulation B, P, U, V, X, Z, Flood Insurance, Fair Housing Act, Fair Lending, UDAAP, Homeowners Protection Act, S.A.F.E. Act are beneficial as it will assist in the understanding of the flow of the residential mortgage loan file

Excellent verbal and written English communication skills - ability to effectively correspond with various groups and senior professionals over email and the telephone

Advanced Excel, PowerPoint knowledge and Data analysis skills; experience working with large data sets

Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units

Strong analytical, problem-solving, and execution skills, with the ability to identify issues, determine solutions, and meet established deadlines

Excellent attention to detail, organizational, and time-management skills, with the ability to work effectively in a fast-paced environment

Team player who can successfully manage multiple projects and priorities

Ability to identify and recommend process efficiencies

Coverage Monday to Friday from 1:30 PM IST to 10:30 PM IST. Coverage is dependent on business needs, so flexibility on required finish time or full day's coverage may be required during some Indian holidays.  

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .