Business Risk Professional 4

U.S. Bank • Owensboro, KY

1d • $70,890 - $83,400 • Hybrid

About The Position

The Business Risk Professional partners closely with Mortgage Lending leadership, Business Risk Managers, and key stakeholders to support a comprehensive risk management framework that promotes effective governance, regulatory compliance, and sound lending practices. This role is responsible for assessing, monitoring, and mitigating risks that may impact mortgage operations, including credit, operational, regulatory, reputational, strategic, and financial risk. The individual reviews and analyzes mortgage underwriting decisions completed by both internal underwriters and third-party partners to ensure adherence to investor, agency, and bank underwriting guidelines. Leveraging strong mortgage underwriting expertise, this role evaluates loan decisions, identifies trends, gaps, and opportunities for process improvement, and escalates risks as appropriate. Responsibilities include partnering with business lines to develop and maintain risk controls, supporting compliance with applicable federal, state, and local regulations, informing policy and procedural enhancements, and serving as a liaison between the Line of Business and Lines of Defense. The role contributes to initiatives that strengthen operational effectiveness, minimize losses associated with process, system, or human error, and support the delivery of high-quality, compliant mortgage lending decisions.

Requirements

• Bachelor's degree, or equivalent work experience
• Three to five years of applicable experience
• Applicable professional certifications
• Strong written and verbal communication skills with the ability to effectively communicate complex mortgage lending and risk concepts to a variety of stakeholders.
• Proficiency in Microsoft Office applications, including Excel, Word, PowerPoint, and Outlook, with the ability to analyze data and prepare reports and presentations.
• 3–5 years of mortgage underwriting experience, including Conventional, FHA, and VA loan products.
• Thorough knowledge of Fannie Mae, Freddie Mac, FHA, and VA underwriting guidelines and eligibility requirements.
• Experience interpreting and applying federal and state mortgage lending regulations, banking compliance requirements, and mortgage compliance resources such as AllRegs.
• Ability to independently review, analyze, and validate underwriting decisions while exercising sound judgment and attention to detail.
• Strong analytical and problem-solving skills with the ability to identify risks, recommend solutions, and support compliant lending practices.
• Ability to work independently and manage multiple priorities in a fast-paced, deadline-driven environment.

Nice To Haves

• Intermediate understanding of the business line's operations, products/services, systems, and associated risks/controls
• Intermediate understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Effective presentation and relationship building skills
• Well-developed analytical skills
• Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations

Responsibilities

• Assessing, monitoring, and mitigating risks that may impact mortgage operations, including credit, operational, regulatory, reputational, strategic, and financial risk.
• Reviewing and analyzing mortgage underwriting decisions completed by both internal underwriters and third-party partners to ensure adherence to investor, agency, and bank underwriting guidelines.
• Evaluating loan decisions, identifying trends, gaps, and opportunities for process improvement, and escalating risks as appropriate.
• Partnering with business lines to develop and maintain risk controls.
• Supporting compliance with applicable federal, state, and local regulations.
• Informing policy and procedural enhancements.
• Serving as a liaison between the Line of Business and Lines of Defense.
• Contributing to initiatives that strengthen operational effectiveness, minimize losses associated with process, system, or human error, and support the delivery of high-quality, compliant mortgage lending decisions.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level