Mortgage Risk Analyst

Description

Job Summary: We are seeking a Mortgage Risk Analyst for Banco Falabella, passionate about financial analysis and risk management, to evaluate mortgage loan applications. Key Highlights: 1. Enjoyable and collaborative work environment 2. Professional development and learning 3. Passionate about financial analysis and risk management **Job Description** ---------------------- \#WeAreGrupoFalabella — We want to inspire you with innovation, commitment, major challenges, and above all, an enjoyable and highly collaborative work environment. If you are passionate about financial analysis and risk management, and motivated by your professional development and learning, this opportunity is for you! Banco Falabella is currently looking for a Mortgage Risk Analyst! What is the role’s mission? To evaluate mortgage loan applications by analyzing both customer and real estate collateral risk, ensuring compliance with internal policies, current regulations, and the sustainability of the Bank’s mortgage portfolio. Deliver clear, traceable, and timely evaluations to support sound credit decisions. Responsibilities: * Analyze the applicant’s financial information and calculate mortgage-specific risk ratios, such as Loan-to-Value (LTV), Debt-to-Income (DTI), and debt-service-to-income ratio, in accordance with current policy. * Assess the applicant’s repayment capacity, debt level, financial behavior, and employment stability. Incorporate a holistic view of their behavior with Banco products. * Review and analyze property appraisals, ensuring data consistency, completeness, and alignment with the Bank’s appraisal guidelines. * Identify inconsistencies, financial red flags, or risks associated with the transaction or real estate collateral. Review basic legal background of the property and transaction (e.g., property type, use, relevant encumbrances), flagging deviations. * Support adherence to service-level agreements (SLAs) for the mortgage process by identifying root causes of rework and proposing efficiency improvements. * Issue clear, objective evaluation reports aligned with the Bank’s risk policy. * Manage and justify exceptions to the risk policy, escalating appropriately when required. * Propose enhancements to the analytical model and evaluation criteria. Participate in process, tool, or mortgage evaluation workflow improvement initiatives. * Collaborate with commercial areas and account executives, operations, and legal teams to clarify observations, resolve inconsistencies, and facilitate timely decisions. * Assist other Credit Admission and Credit Management areas in evaluating other products, as needed. Benefits: * Complementary health insurance * Additional days off beyond statutory vacation entitlements * Year-end bonuses * Discounts at our stores using your CMR card * Opportunities for professional growth and learning **Candidate Requirements** -------------------------- * Professional or technical degree in fields such as Commercial Engineering, Industrial Civil Engineering, or related disciplines. * Minimum 2 years of experience in similar roles. * Proficiency in Office tools (intermediate Excel skills preferred). * Financial concepts applied to mortgage lending (LTV, DTI, debt-service-to-income ratio). * Knowledge of interpreting property appraisal reports. This position is open to candidates with disabilities. **Selection Process** ------------------------ The selection process is conducted via Aira — a recruitment platform designed to enhance your application experience. To apply, you only need to: 1\. Apply to the job posting 2\. Check your email 3\. Log in to Aira and respond to the requested questions and/or assessments Then, if your profile matches our requirements, we will contact you by email (via Aira) to proceed to the in-person stage. **About Us** ------------------ We are over 88,000 people working daily toward our firm Purpose — To Simplify and Enhance Life. We operate across 9 countries and consist of five major brands spanning diverse industries: Falabella Retail, Sodimac, Banco Falabella, Tottus, and Mallplaza. Each brand shapes who we are, and together — as One Team — we strive daily to reinvent ourselves and exceed our customers’ expectations. A team full of dreams that makes things happen. We dare to launch, innovate, take risks, and create opportunities — enabling us to stay at the forefront and continuously reinvent ourselves to deliver the best shopping experience at every touchpoint with us.