Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for accurate and timely test development and execution and/or supporting operational and administrative activities related to the end to end test execution process. Key responsibilities of the job include executing high quality testing in accordance with the test script, documenting and escalating defects, preliminary reporting and analysis of results, and collaborating with Compliance and Operational Risk officers and/or Front Line Unit (FLU) process owners on the identification of themes and trends at the Front Line Unit (FLU), control function and Enterprise level.

Job Profile Summary:

We are looking for a Licensed Appraiser to join our team. The role is responsible for accurate and timely test execution, as well as results aggregation/dissemination.  The role will operate as part of a larger testing team and will collaborate with process owners in the Front-Line Units to analyze and communicate results from tests performed; and providing ongoing evaluation of test effectiveness ensuring that tests remain effective in evaluating the effectiveness of processes and controls, and adherence to applicable laws, rules, regulations, policies, and procedures.

Job Responsibilities:

• Examines loan collateral documentation for accuracy and completeness•
• Evaluates complex residential loan appraisals ensuring compliance with appropriate company and secondary market investor standards, i.e., FM Conforming, Nonconforming, FHA, VA, Custom
• Accountable for accurate and timely test execution
• Execute testing requiring administrative judgment in the execution of complex testing according to the determined scope
• Independently identify risk defects and root cause for finding placement and details defects
• Examine loan documentation for accuracy and completeness
• Provide training and direction to more junior staff as appropriate
• Elevate errors and recommends enhancements as appropriate
• Review reversal requests/arbitration appeals as well as analyze results
• Work special projects as necessary
• Subject Matter Expert (SME) on appointed tests collaborating with business partners, etc.
• Perform Quality Assurance Testing
• Contributes to Test Development Intakes as needed, including test script edits and pilot testing
• Create and submit redlined test scripts for Simple Path processing
• Point-of-contact for Support Lead or assist Testing Lead when needed

Required Qualifications:

• Licensed in at least state of residence
• Ensure sensitive information is securely handles and compliant with regulations
• Affect others' opinions, behaviors, or decisions
• Compile and present data and insights in a clear and actionable format
• Interpret Relevant Laws, Rules, and Regulations and ensure we are meeting the specified requirements
• Feels ownership and accountability for delivering high quality work, able to prioritize effectively, adapt, and meet strict deadlines
• Bachelor’s degrees or above in fields including but not limited to: Finance, Economics, Mathematics, Computer Science, Statistics, Process and Mechanical Engineering, Operations Research, Data Science, Accounting, Business Administration (or equivalent work experience)

Desired Qualifications:

• 5+ years of relevant work experience
• Certified Licensed Real Estate Appraiser
• Able to document and verbally explain the intuition and details behind the methodologies in a manner that is clear, concise, and consumable for a broad set of audiences that include key stakeholders across the Bank, as well as auditors and regulators
• Knowledge of financial services industry and related regulations
• Digital fluency
• Experience implementing process improvements

Skills:

• Adaptability
• Attention to Detail
• Collaboration
• Monitoring, Surveillance, and Testing
• Problem Solving
• Data Privacy and Protection
• Influence
• Issue Management
• Reporting
• Underwriting
• Interpret Relevant Laws, Rules, and Regulations
• Quality Assurance

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Job Tags

Full time, Work experience placement, Work at office, Shift work, Day shift,

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