Mortgage Compliance, Associate, Framework / Core Functions

Morgan Stanley — Mumbai, India

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 Pr

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