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Portrait of a young businessman working at his desk in a modern officePortrait of a young businessman working at his desk in a modern office

Senior Business Rules Analyst

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Description

Essential Job Functions:

The Senior Business Rules Analyst is responsible for the execution of the business rule management process to ensure that business rules are valid and verified throughout the life cycle of the rules. Using experience and knowledge of mortgage lending operations, policy, process, procedures, guidelines, eligibility, and regulations, the business rule analyst serves as the bridge between the business and the information technology application and development groups often acting in a consulting or advisory role and striving to ensure that all development rule decisions are aligned with the core business process. This role manages business rules to reflect changes, manage risks that could interfere with the implementation of business rules, maintains traceability of rules, researches existing business rules, ensures that business rules meet pre-defined quality criteria, and establishes a common vocabulary and standards to ensure consistent terminology across the Company. The role creates and has oversight of rule related project documents adhering to business rules management governance process, presents project related documents to stakeholders, communicates at all levels, provide project reporting, and manages project expectation on behalf of business rule risk management leadership team.

 

Other Related Duties:

  • Research, analyze, and maintain rules within FMCs business source rule repository. These rules are used for business policy, process, and procedure enforcement and process automation.
  • Maintain the traceability of each rule (i.e., identifying where the rule came from – meaning and origin, and how and where it is implemented within business process) in order to be able to perform impact analysis for changes or revisions of rules. 
  • Integrate new or revised rules into the existing set of rules.
  • Ensure the quality of the rules (consistent syntax, readability, etc.).
  • Analyze business rules to identify conflicts, redundancies, etc.
  • Ensure the consistency of business rules across functions and systems.
  • Make recommendations for business rule changes based on business knowledge.
  • Facilitate resolution of business rule issues.
  • Guidance and back up support for areas in quality control, GSE and government agency risk mitigation, and regulatory research and analysis.
  • Manage risks that may hamper implementation of business rules
  • Promote awareness about the business rules approach.
  • Ensure the rules use consistent terminology and are readable and understood by the business
  • Ensure all rule and process changes from the business are coordinated with all impacted areas and departments and are reflected and applied accurately in business rules updates and maintained.
  • Structure the rules based on logical models, domain, and taxonomy according to the business rules management governance, standards, and guidelines.
  • Collaborate with partners, contributors, SMEs and other business stakeholders across the organization and in multiple mortgage lending channels to understand changing processes, policies, and procedures impacting business rules.
  • Collaborate with Information Technology partners such as, developers, project managers, and business analysts as needed to implement business rule changes.
  • Develop and/or collaborate in the execution of business rule project documentation including specs, requirements, and source rule repository data.
  • Oversight of UAT test plans, scripts, and cases; review and retest of test of results as needed

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. An individual must have proficient experience and knowledge in the areas within the role. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

  • Focus teams on achieving desired outcomes in a responsive and timely manner.
  • Strong attention to detail and accuracy.
  • Subject matter expertise in various policies and processes across mortgage operations.
  • Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Self-motivated, willing to lead, take charge, offer opinions and direction. Escalates appropriately in a timely manner.
  • Ability to communicate and to interact with all levels of the organization. Listens openly, understands root causes and clearly conveys messages and information.
  • Multi-tasking able to properly perform multiple duties at once.
  • Effectively manages stress in a fast-paced setting.
  • Works effectively with others to accomplish objectives and goals. Proven success in contributing to a team-oriented environment.