About this role:Wells Fargo is seeking a Senior Quality Assurance Administrator to join their Commercial Banking Flood Operations team. This group is part of the greater Commercial Banking Operations team and is a key control in ensuring Wells Fargo is fully assessing Flood Risk and is compliant with the FDPA Policy. Failure to mitigate risk in this portfolio would have significant impacts to the Bank by creating defects that could result in regulatory and policy violations and adverse impact to internal and external customers.
In this role, you will:- Conduct quality control reviews on Commercial loans for Flood Disaster Protection Act (FDPA) and Flood Insurance requirements.
- Ensure that Commercial real estate collateral is correctly identified during all pre-close reviews & Standard Flood Hazard Determinations (SFHDs) are on file when a loan is secured by real estate
- Communicate overall processes & transaction quality, providing feedback to appropriate contacts regarding identified deficiencies or issues
- Provide support for other initiatives as needed
- Execute against control framework to ensure rigor of controls as well as servicing activities
- Work collectively with leaders, team members and stakeholders to sets a high standard for regulatory compliance and execution
- Support the development and execution of a risk control framework
Required Qualifications:- 4+ years of Quality Assurance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:- Knowledge and understanding of commercial real estate loans & the ability to review and interpret complex commercial loan documents
- Ability to read and interpret legal documents
- Ability to successfully execute quality control review activities
- Strong analytical skills with high attention to detail and accuracy
- Knowledge and understanding of FEMA (Federal Emergency Management Agency)
- Knowledge and understanding of National Flood Insurance Program (NFIP) and Flood Disaster Protection Act (FDPA) compliance and process
- Risk and regulatory compliance experience
- Experience with financial services businesses in a regulated environment
- Advanced Microsoft Office skills
- Experience managing a pipeline of work from assignment to completion
- Ability to navigate multiple computer system windows, applications, and utilize search tools to find information
- Excellent verbal, written, and interpersonal communication skills
Job Expectations:- Ability to work additional hours as needed
- This position offers a Hybrid work schedule
- Relocation assistance is not available for this position
- This position is not eligible for Visa sponsorship
Posting Location:- 90 S 7th St. MINNEAPOLIS, MN
- 201 S Jefferson St. ROANOKE, VA
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$20.82 - $41.11
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:18 Nov 2024
* Job posting may come down early due to volume of applicants. We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
