Credit Business Control Specialist II

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. 

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

The Business Controls Specialist II provides analytical and project management support integrating credit, compliance, regulatory and process change in coordination with Retail, Broker and Correspondent leaders. As the Controls Specialist, you will consult with senior management in evaluating current methods and developing strategies to implement change, improvements and remediation efforts. Drives end to end change and keeps all participating parties on task while providing materials for business updates.

The Business Controls Specialist will:

• Serve as the point person for coordination of change activities including technology, procedures, policy, reporting, testing, communications, training and controls
• Provide root cause and requirements analysis of issues and problem solves to a solution that is compliant and balances customer, shareholder and associate outcomes
• Work with internal credit and advisory teams to assess necessary changes on audit findings both external and internal and self-identified process improvement opportunities
• Evaluate credit updates and enhancements working with appropriate stakeholders to integrate change to optimize current processes
• Assist in formation of technology requirements and systems UAT driving automation solutions when applicable
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Bachelor’s degree or equivalent work experience
• 5 years of relevant work experience
• Prior underwriting, change management, process improvement, project management, program management or audit experienced preferred
• Financial services industry experience required; mortgage industry experience in the originations area preferred
• Strong knowledge of investor guidelines, FNMA, FHMLC, FHA, VA preferred
• Intermediate Microsoft office skills-particularly Excel, Word and Visio

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. 

Salary : $50,000 - $75,000