Job Description

:About UsAt Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. Were devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Global Business ServicesGlobal Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.Process Overview *:Enterprise Credit Risk is part of Consumer Post Approval Review team and performs complete underwriting of the closed mortgage loan file. The purpose of the re-underwriting is to independently validate the policy/procedure and quality of the information used in the original underwriting decision and to protect Bank of America against fraud and misrepresentation & is required by investors/insurers and the bank. *:The job function is to perform underwriting of Mortgage loans. To provide independent evaluation of compliance with Regulatory-focused policies and procedures. Underwriting review is executed for home loans, impacted by key laws/regulations. Individual will be responsible for delivering consistent processes, procedures and oversight supporting leaders, FLU, and Control Function partners and strategic planning and operational excellence across Enterprise Independent Testing.Responsibilities:

• Execute, organize, and prioritize reviews in a timely manner ensuring monthly deliverables are achieved while maintaining target accuracy ratios.
• Ensure KPIs are met on monthly basis
• Manage onshore and offshore stakeholders for managing process level activities.
• Adhere to documented SLAs, shift schedules, and maintain on-time delivery of services.
• Conducting Calibration/ Walkthrough with Onshore team.
• Work with India leadership team to manage department level initiatives.
• Responsible for Process Documentations, Access Reviews, Data Retention, updating RSA, ORM etc.
• Collaborate with onshore team on new tests transitions and partner on test development.
• Act as SME handling multiple sub-streams and handle conflicting priorities effectively.
• Ensuring timely resolutions of Queries/clarifications.

Requirements *:Education *: Graduate / Postgraduate in any streamCertifications If Any: Mortgage Underwriting certification from Mortgage Bankers AssociationExperience Range *: 10+ years experienceFoundational skills *:

• Strong US Residential Mortgage Underwriting experience
• Experience in completing projects as per deadline
• Knowledge and expertise to influence internal stakeholders & Onshore partners
• Drives Operational Excellence

Desired skills *:

• Ability to contribute additional value through process/business improvement ideas
• Eye for critical details
• Strong documentation skills
• Applies Critical Thinking

Work Timings *:

• 12:30 PM - 09:30 PM IST
• may vary as per requirement

Job Location *: Gurugram, Mumbai & Gandhinagar

Bank of America