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Credit Bureau Reporting Specialist I in Buffalo, NY at M&T Bank

Date Posted: 11/15/2018

Job Snapshot

Job Description

Credit Bureau Reporting Specialist I
Banking Services
M&T Center
Buffalo, NY
Function:
Completes wide-ranging credit bureau and systems reporting activities to ensure Bank compliance with the Credit Reporting Resource Guide (CRRG), Fair Credit Reporting Act (FCRA) and other applicable regulations.  Works with Compliance, Legal, Credit, Product, Customer Asset Management, Loan Servicing and Technology to review credit bureau and systems-related processes and procedures, resolve reporting deficiencies and implement reporting quality controls.
Responsibilities:
Complete credit bureau and systems reporting activities, ensuring compliance with pertinent Federal and state reporting requirements.
Ensure credit bureau and systems reporting-related systems, processes and procedures remain current with changes to data furnishing requirements.
Collaborate with other areas of the Bank, including Compliance, Legal, Credit, Product, Customer Asset Management, Loan Servicing and Technology to gain the requisite support for credit bureau and systems reporting-related activities.
Maintain and analyze monthly credit bureau and systems statistical and reject reports.  Track and research rejects and illogical conditions and work with business units to remediate errors within established SLA (Service Level Agreement) timeframes.
Develop and maintain a current understanding of pertinent Bank systems and operations impacting credit bureau and systems reporting for one Servicing system to ensure complete awareness of potential changed reporting impacts.
Track efforts to remediate credit bureau and systems reporting issues as they are encountered.  Schedule and facilitate status meetings with Technology and business subject matter experts to resolve reporting deficiencies.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.  Identify risk-related issues needing escalation to management.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.
Nature & Scope:
The position serves as a contributor to the Bank's credit bureau and systems data furnishing program to ensure compliance with industry-standard file formats and required customer information submitted to the Consumer Reporting Agencies.  The position participates in ongoing reviews of Mortgage or Consumer Lending systems and business processes related to credit bureau reporting.  The position contributes to identifying, documenting, tracking and resolving regulatory/compliance issues related to credit bureau and systems reporting as they arise.
Required Qualifications:
Bachelors’ degree in a business-related curriculum and a minimum of 1 years’ credit bureau data furnishing, Consumer Lending or Mortgage experience, or in lieu of a degree, a combined minimum of 5 years’ higher education and/or work experience, including a minimum of 1 years’ credit bureau data furnishing, Consumer Lending or Mortgage experience
Proven analytical skills
Proven problem-solving skills
Demonstrated verbal and written communication skills
Experience understanding technical, business and operational impacts of a project or problem
Proficiency with personal computers as well as pertinent word processing, spreadsheet, presentation and database software
Proven organizational skills
Experience multi-tasking and prioritizing projects
Preferred Qualifications:
Knowledge of the Credit Reporting Resource Guide (CRRG)
Knowledge of Equifax, Trans Union and Experian credit bureau reporting formats
Knowledge of the Bank’s Consumer Lending or Mortgage systems
Basic understanding of SQL (Structured Query Language)
Results-oriented/delivery-focused
Ability to deliver high quality results under tight time constraints and work in a team structure
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.