Risk Analyst (Remote) at First American

California, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

Bachelor’s degree in business, accounting or finance, or equivalent work experience
2+ years of experience in the Financial Services Industry, preferably in a Mortgage Loan Servicing environment
Proficiency in Microsoft Office
Working knowledge of operational and regulatory risk controls, concepts and practices
Ability to plan, organize and effectively execute risk mitigation and process improvement initiatives
Strong client service skills
Strong organizational and analytical skills
Attention to detail
Strong written and verbal communication skills
Strong interpersonal skills

Responsibilities

Reviews, analyzes, and reports on risk, quality, service, and controls to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities
Conducts risk assessments to ensure compliance with federal and state regulatory requirements, industry standards, and operating procedures
Maintains and updates procedural manuals, job aides and tools
Develops standard risk assessment scopes and conducts re-scoping of established reviews to ensure validity
Performs analyses to determine the root cause of process gaps
Monitors corrective action target dates to ensure prompt remediation and control implementation to comply with regulatory requirements
Analyzes, defines and documents detailed process workflows through user interviews, facilitated workshops and subject matter expert engagement
Creates a clear understanding of the core accountabilities within the process
Ensures the focus of activity is concentrated on the highest priority needs of the business
Organizes the research for and development of specialized risk assessment scopes
Collaborates with management and personnel to optimize risk assessment and scope development
Identifies potential business risks, operational and regulatory process deficiencies, and improvement opportunities
Gathers and synthesizes data; presents conclusions and offers risk mitigation, remediation, and process improvement solutions to management
Makes recommendations for additional controls and corrective action to improve the efficiency and effectiveness of operations and risk mitigation processes
Assists in preparing and presenting to management and/or affected business unit(s) on summaries, operational and regulatory risk assessment reports, trends, and remedial or mitigation solutions
Gathers information and provides fact-based findings and recommendations
Escalates issues identified during review and analysis to stakeholders
Establishes a network of subject matter experts that provide the detail and context for existing processes, and/or stakeholders that may influence others to help support or drive improvements and to mitigate risks

Skills

First American

Provides title insurance and real estate services

About First American

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects homebuyers and property owners from potential ownership disputes and financial losses related to real estate transactions. The company offers a platform called myFirstAm®, which allows users to access property information, manage orders, and streamline the closing process from any device. Unlike many competitors, First American has a vast database of property data, with over 5.5 billion document images, making it a leading provider of real estate data solutions. The company's goal is to facilitate smooth real estate transactions while ensuring that clients' investments are protected.

Santa Ana, CaliforniaHeadquarters

1889Year Founded

$800.2MTotal Funding

VENTURE_UNKNOWNCompany Stage

Financial Services, Real EstateIndustries

10,001+Employees

Benefits

401k matching

Health, vision, dental insurance

Professional development

Risks

Data breach allegations could harm First American's reputation and lead to legal issues.

Integration of Mother Lode may face challenges and financial risks.

Dependence on digital transformation poses risks if technology advances rapidly.

Differentiation

First American offers comprehensive title insurance and settlement services nationwide.

The company provides a vast database of over 5.5 billion document images.

First American's digital platform, myFirstAm®, enhances real estate transaction efficiency.

Upsides

Acquisition of Mother Lode expands First American's market share in California.

Docutech purchase boosts First American's digital mortgage revenue by 38%.

Growing fintech trends align with First American's digital transformation strategy.

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