At a Glance
- Tasks: Lead mortgage migrations and design new lending operations.
- Company: Join a prestigious FTSE 100 company with a strong reputation.
- Benefits: Potential for contract extension and valuable industry experience.
- Why this job: Work on impactful projects in mortgage lending with a dynamic team.
- Qualifications: Experience in mortgage migrations, data mapping, and process design required.
- Other info: Ideal for adaptable individuals with a positive attitude.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
Our FTSE 100 L+P client is looking for a highly skilled Business Analyst with specific experience in mortgage book migrations. This role is a 6-month initial contract with scope to extend further.
Role Scope:
Working on Lifetime Mortgages – mortgage build. 3rd party is paying the client to take on their mortgage product.
Two Separate Workstreams:
- Migration of an Equity Release Mortgage book from incumbent legal title holder.
- Build out of new lending operation; designing & building TOM, processes, overseeing customer-facing & internal documentation production, and overseeing third-party origination and servicing manuals. Needs to be very comfortable leading deliverables across multiple third parties and segregated IT functions.
Also:
- Define documents needed – internal and customer-facing.
- Get into the weeds of data and map.
- NCOBS regulatory considerations.
Specific Knowledge Needed:
- Mortgage Migrations (data mapping and analysis, the lifecycle of a migration including reconciliation activities).
- Target Operating Model.
- Working across multiple third parties.
- Process design.
- Deep understanding of mortgage lending origination, servicing, and operations (including banking ops).
- Strong MI/data mapping experience – able to get into the weeds.
- Deep understanding of applicable mortgage regulations.
- Understanding of API provision.
- Right personality/culture – able to be flexible, stretch into other duties to move the project forward, can-do attitude, positive reset backs.
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Business Analyst - Mortgage Migrations employer: Lorien
Contact Detail:
Lorien Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst - Mortgage Migrations
✨Tip Number 1
Make sure to highlight your experience with mortgage migrations in your conversations. Be prepared to discuss specific projects where you successfully managed data mapping and analysis, as this will demonstrate your expertise in the area.
✨Tip Number 2
Familiarize yourself with the Target Operating Model (TOM) and be ready to share your insights on how you would design and build processes for a new lending operation. This shows that you understand the bigger picture and can contribute effectively.
✨Tip Number 3
Prepare to discuss your experience working with multiple third parties. Highlight any challenges you've faced and how you overcame them, as this will showcase your ability to lead deliverables across segregated IT functions.
✨Tip Number 4
Demonstrate your understanding of applicable mortgage regulations during discussions. Being able to articulate how these regulations impact mortgage lending origination and servicing will set you apart as a knowledgeable candidate.
We think you need these skills to ace Business Analyst - Mortgage Migrations
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your specific experience in mortgage migrations and data mapping. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Strong Cover Letter: In your cover letter, emphasize your understanding of the mortgage lifecycle and your experience with third-party collaborations. Share examples of how you've successfully led deliverables in similar roles.
Showcase Relevant Skills: Clearly outline your skills related to process design, regulatory considerations, and mortgage lending operations. Mention any experience with API provision and how it relates to the role.
Highlight Your Adaptability: Since the role requires flexibility and a positive attitude, include examples of how you've adapted to challenges in previous projects. This will show that you fit the company culture.
How to prepare for a job interview at Lorien
✨Showcase Your Mortgage Migration Experience
Be prepared to discuss your specific experience with mortgage migrations in detail. Highlight any previous projects where you were involved in data mapping, reconciliation activities, or the lifecycle of a migration. This will demonstrate your expertise and relevance to the role.
✨Understand the Target Operating Model (TOM)
Familiarize yourself with the concept of a Target Operating Model and be ready to explain how you have designed or contributed to TOMs in past roles. Discuss how you can apply this knowledge to build out new lending operations effectively.
✨Demonstrate Your Process Design Skills
Prepare examples of processes you have designed in previous roles, especially those related to mortgage lending origination and servicing. Be ready to discuss how you approach process design and the impact it has on project success.
✨Exhibit a Flexible and Positive Attitude
During the interview, convey your ability to adapt and take on various duties to move projects forward. Share instances where you faced setbacks and how you maintained a positive outlook while finding solutions. This aligns with the desired personality traits for the role.