Business Risk Specialist - Loss Mitigation

U.S. Bank

At U.S. Bancorp India, we’re on a journey to do our best. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bancorp India gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The organization's risk management structure is designed to promote effective governance and risk management that is systematic, transparent, credible, timely, and verifiable through clear delineation and execution of key roles and responsibilities.
Its goal is to assess and/or manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.
Under general supervision, the Business Risk Specialist is an individual contributor responsible for executing quality management (QM) testing activities across Loss Mitigation processes.
This role performs detailed transactional testing on assigned metrics to ensure accuracy, completeness, timeliness, and adherence to procedures, while supporting compliance with regulatory requirements and internal control standards.
This position operates in a production-based, metrics-driven environment, applying standardized test scripts and methodologies to validate business line performance and identify operational risk. Work atmosphere may include a high-volume, production-oriented environment focused on transactional testing that requires completion within defined service level agreements.

Basic Qualifications  

Bachelor's degree in business, finance, risk management, or related field, or equivalent work experience  
Five to Eight years of mortgage servicing, Loss Mitigation, default servicing, or related operational area preferred

Preferred Skills/Experience  

Intermediate understanding of the regulatory requirements, investor guidelines, and servicing standards  
Intermediate understanding of applicable laws, regulations, financial services, and regulatory trends  
Well-developed analytical skills with a high level of attention to detail
Ability to interpret procedures, policies, and testing scripts and apply them consistently 
Proficient computer navigation skills, particularly word processing, spreadsheet, databases, and presentations  
Effective verbal and written communication skills  
Previous experience in loss mitigation, default servicing, or mortgage operations

Work Mode: 5 Days in Office

Shift Timing: 6:30 PM to 3:30 AM

Location: Chennai

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Posting may be closed earlier due to high volume of applicants.

This is an U.S. Bancorp India posting. U.S. Bancorp India is a part of the U.S. Bank family.