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Documentation Risk Specialist III (Quality Control)

Tulsa, OK, US

Req ID: 50212 

Areas of Interest: Bank Operations; Loan Operations 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.                  .

The Document Risk Specialist III is primarily responsible for analyzing commitments for new, renewed and amended credit transactions for complex and specialized loan types in order to determine the documentation required to 1) establish a legally binding contract with the borrower, 2) to secure a perfected lien against all intended collateral; and 3) to comply with internal bank policies as well as, state and federal banking regulations or review documentation for closed and funded loans to ensure the required documentation has been obtained and track exceptions found. Also, advises lending staff on documentation issues and ensures proper approval of commitments.

PRINCIPLE DUTIES AND RESPONSIBILITIES:
  1. Analyzes commitment/loan worksheets for proposed loan transactions (new, renewal, amendments); determines all necessary documentation required for each transaction and establishes a comprehensive closing checklist which details all documentation requirements; advises commercial lenders on various documentation, legal, or policy issues that may affect a proposed structure or collateral package; strives to seek solution to avoid potential documentation weaknesses and to solve collateral exception problems.
  2. Prepares or audits complex or specialized loans for proper notes, security agreements, loan agreements, disclosures, resolutions, etc. as required for execution at loan closing. Preparation or audit may include drafting or requiring the re-drafting of loan agreements or customizing standard documents to fit the transaction involved, preparing list of other required documentation necessary for loan closing that will be provided by the borrower, attorney, loan officer, or other outside sources i.e. appraisals, title work, releases, insurance, etc. Ensures proper approval of loans and adherence to policies; ensures loans are closed in exact accordance with the approved commitment; enters all follow-ups and exceptions into the tracking system with appropriate tickler dates.
  3. Determines appropriate actions to be taken to ensure proper perfection of all collateral items: including forwarding transfers of liens, mortgages, and UCC’s to the appropriate recording agencies to be filed on record; ensures holds are placed on CD’s, possessory collateral is properly dispensed, and obtains acknowledgements and assignments.
  4. Reviews and analyzes incoming documents to clear exceptions, determines if document cures exception situation, and updates the exception tracking system accordingly.
  5. Reviews all incoming financial statements for completeness and for accompanying memorandums of review; determines and enters appropriate follow-up requirements into the tracking system.


KNOWLEDGE, SKILLS and ABILITIES:
  • Substantial knowledge and understanding of typical Credit Agreement Covenants
  • Substantial knowledge of loan documentation requirements for multiple states
  • Advanced legal knowledge of documentation requirements for loans to individuals and legal entities
  • Advanced knowledge of the Uniform Commercial Code, Regulation B, C, Z, RESPA, Fair Credit Reporting Act, and other federal and state regulations on lending and consumer compliance
  • Advanced knowledge of typical commercial and consumer lending policies
  • Advanced knowledge of computer programs used to generate loan documents
  • Excellent interpersonal, oral and written communication skill
  • Excellent PC skills including word processing and spreadsheet applications
This level of knowledge is normally acquired through a Bachelor’s Degree in Business plus 3-4 years experience in Commercial Lending, Collateral or Loan Operations or 9 - 10 years equivalent experience.

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!
 

Apply today and take the first step towards your next career opportunity!
 
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Attention All Third Party Agencies, Headhunters, and Recruiters
BOK Financial and its Subsidiaries will not accept candidate submission by unsolicited third parties through this site or any company email address. All unsolicited candidates presented to BOK Financial and its Subsidiaries will be considered the property of BOK Financial. BOK Financial and its Subsidiaries will not be responsible for any fees associated with unsolicited candidates, nor will a contractual relationship be formed by the submission. BOK Financial and its Subsidiaries are not obligated and will not under any circumstances pay any fees to said third parties submitting candidates in this manner. BOK Financial and its Subsidiaries only forms contracts with recruiters with whom we have an established business relationship and with whom we have in place a signed agreement. All contact with BOK Financial and its Subsidiaries from third parties must be through our Human Resources Department. Any contact made outside of the BOK Financial Human Resources Department by a third party will cancel any future business relationships between the third party and BOK Financial.

Please contact recruiting_coordinators@bokf.com with any questions. 


TOP 3 REASONS TO APPLY


Investing in our talent and building a great workplace is a top priority at BOK Financial.


  • Empowered employees
  • Award-winning culture
  • Community commitment



ABOUT BOK FINANCIAL


BOK Financial is a regional banking powerhouse and one of the top 25 banks in the U.S. We are based in Tulsa, Oklahoma, and diversified in a variety of industries, businesses, and geographies throughout the U.S.

FACTS:

  • 4,900 employees
  • 27 Years of financial profitability
  • $30+ billion in assets
  • $5.2 million in charitable contributions in 2017



Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma

Job Segment: Risk Management, Bank, Banking, Loan Officer, Finance, Quality

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