Nicole Kormanik
Eden Prairie,MN
Summary
Dynamic individual with hands-on experience in Risk and Compliance Analyst with a talent for navigating challenges. Brings strong problem-solving skills and proactive approach to new tasks. Known for adaptability, creativity, and results-oriented mindset. Committed to making meaningful contributions and advancing organizational goals.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Treasury Payment Analyst, Back Office
Computershare
01.2024 - Current
- Provide support for Treasury operations by processing wire payment requests from multiple different sources within and outside of the company.
- Work in tandem with the Business Lines to ensure that all required money movements are made within the allotted timeframes, while adhering to stringent state and federal regulations regarding all methods of money movement, both domestic and international.
- Create Key Performance Indicator performance management tools, which includes compiling data into a visual dashboard of charts, graphs, and tables.
- Using the Key Performance Indicator reports to serve as a structured format for measuring and analyzing metrics.
- Create and maintain departmental policies and procedures, in addition to process mapping for each step of the Back Office 'business as usual' activities.
- Submitting updates, on a semi-annual basis for approval by the Fraud Risk Unit and Executive Management.
- Oversight of analysis of OFAC regulatory violations and work with internal teams to close any gaps in their processes, to prevent any further violations or potential entry points for fraudulent activity.
- Administering bank account structures that facilitate the efficient movement of cash through an optimal number of banks and bank accounts.
- Implements global bank account management processes: management of bank mandates; Know Your Customer activities; opening and closing of accounts; bank fee analysis; and administration of banking portals.
- Execute regional Liquidity management processes, including short-term cash flow forecasting; determining liquidity needs; and interest collection management.
- Execute on surplus and deficit in cash positions in order to determine cash movements, investments, and borrowings.
- Monitoring daily cash positions and forecasts to ensure sufficient liquidity.
- Provide confirmations: Supporting routine trades and transactions, instructions and valuation of financial products.
- Monitor bank fees, discussions with banks on day-to-day elements and supporting strategic banking relationship activities.
- Execute payment processes such as transaction preparation, transaction initiation, payment queries, approvals, transaction flows, transactional settlements, reconciliations, stop cheques, and calculation and payment of interest earned by clients on their investments.
- Process regional periodic reporting of risk, cash balance, cash flow, client balance, and margin income. Analyzing and reporting on trends.
- Execute Treasury accounting processes for month-end and year-end.
- Implements regional compliance processes, both with regulatory bodies as well as with treasury policy, and regional due diligence processes in new and existing bank counterparties and perform compliance checks prior to payment release.
- Identifies and make recommendations for process improvements and contributes to a range of ad hoc projects.
- Collaborate with a range of business stakeholders to identify solutions.
- Works within agreed processes and procedures, adhering to CPU playbooks. Complete mandatory and regulatory training and keep abreast of the changes in the external market.
Business Risk Analysis Officer
US Bank Home Mortgage
Hopkins, USA
09.2016 - 01.2023
- Supported Third-Party Lending Operations Mortgage Loan Business Lines with regulatory assistance.
- Analyzed and presented non-standard loans to senior management.
- Reviewed loan scenarios for potential escalation and tracked exceptions.
- Offered ongoing regulatory support to Correspondent Lending and Home Finance Association business lines.
- Detected and reported negative findings to underwriting management for resolution.
- Collected and reviewed loan conditions for investor guideline compliance.
- Facilitated communication between internal sales staff and brokers for status updates.
- Collaborated with Closing Department to assess final documentation.
- Stayed updated on mortgage products and services to provide current information.
- Executed comprehensive file underwriting for conditionally approved loans, ensuring compliance with Corporate, Agency, Regulatory, Government, and U.S. Bank guidelines.
- Partnered with lines of business, risk compliance, and business audit teams to develop, implement, and oversee risk management framework.
- Contributed to key projects for federal, state, and local compliance.
- Conducted investigations to provide comprehensive insights for risk management.
- Advised on resolution of non-compliant issues to facilitate loan processing.
- Led reporting and email reminders for Retail Sales and Service Group regarding completion of Compliance training courses.
- Played pivotal role in underwriting loans from internal sales staff.
- Acted as mentor and coach for Junior Underwriters, promoting performance excellence.
- Identified exception codes, regulatory designations, and risk ratings to manage portfolio risk.
- Evaluated financial status through pay stubs, credit history, tax information, and bank statements.
Mortgage Loan Specialist II – Contractor
U.S. Bank Home Mortgage
Bloomington, USA
02.2016 - 09.2016
- Employed extensive industry expertise to conduct thorough loan reviews, ensuring alignment with bank, regulatory, and investor guidelines, and customer service standards.
- Streamlined preparation of mandatory disclosure information within specified timeframes to maintain regulatory compliance.
- Fostered collaboration between lenders, staff, and title companies to secure critical documentation and resolve issues.
- Acknowledged limited contract scope without room for expansion or process contributions.
Quality Control Analyst
TCF Bank Consumer Lending
Minneapolis, USA
01.2013 - 03.2015
- Scrutinized incoming products for compliance with labeling laws and company quality standards.
- Examined raw materials and finished products to validate quality, disposing of items not meeting safety requirements.
- Conducted data analysis following standard practices to identify solutions.
- Created and maintained multiple databases for statistical data tracking.
- Utilized Microsoft Access to craft presentations, flowcharts, and graphs illustrating data analysis results.
- Trained and coached both existing and new employees in various investigative case types and internal control processes.
- Instructed vendors and contractors on quality guidelines, safety procedures, testing protocols, and deficiency elimination.
- Identified root causes of deviations and non-conforming results, implementing necessary corrective and preventive actions throughout product development.
- Collaborated with management to deliver training on process enhancements and aided in quality training development and maintenance.
- Developed and managed documentation for quality assurance procedures.
- Contributed to informed decision-making by updating team leadership on quality metrics, and addressing consistency issues and production deficiencies.
Quality Assurance Analyst
Wells Fargo Home Mortgage
Minneapolis, USA
03.2012 - 02.2012
- Analyzed loan documentation, including appraisal reports, credit, income, asset, and title information, for accuracy.
- Collaborated with top investors to ensure loans met specific requirements.
- Conducted risk analysis and identified offsets for complex issues, crafting suitable solutions.
- Ensured consistent compliance with federal and insurer guidelines for nationally recognized home mortgage providers.
- Offered continuous feedback to internal and external customers regarding material deficiencies.
- Enhanced efficiency by communicating deficiencies in written form, streamlining the reconciliation process.
Education
Master’s Degree - Business Administration/Forensic Accounting
University of Saint Thomas
Minneapolis, MNBachelor’s Degree - Accounting
Saint Cloud State University
MNSkills
- Enterprise risk management and compliance
- Collateral risk assessment
- Team leadership and collaboration
- Account management systems
- Credit and mortgage underwriting
- Delinquency monitoring and validation
- Financial statement analysis
- Compliance assessments and controls
- Government lending regulations
- Training and development initiatives
- Financial data analysis
- Loan application processing
- Data accuracy and reporting
- Process improvement strategies
- Microsoft Office Suite proficiency
- Calyx Point expertise
- AS400 knowledge
- LPS familiarity
- CPI experience
- NetOxygen usage
- Doc-Velocity skills
- SQL proficiency
- SAS programming skills
- Python development expertise
- Oracle database management
- G-Treasury operations management
- Workflow optimization techniques
- SEI knowledge base proficiency
- FIS STCM expertise
Affiliations
• Member, Project Management Institute
Certification
- Certified Fraud Examiner (CFE)
- Lean Six Sigma Black Belt
- Six Sigma Green Belt
- Six Sigma Yellow Belt
Key Career Highlights
- Led and motivated team of six staff members, ensuring seamless operations and fostering collaborative work environment.
- Attained status of highly accomplished Certified Fraud Examiner (CFE) with decade-long tenure in mortgage and consumer lending, specializing in auditing, risk and compliance, quality control, and high-value underwriting practices.
- Excelled as proficient Credit Risk Analyst Officer, excelling in credit risk assessment for consumer and mortgage lending in developing economies, with focus on thorough financial document review and recommendation-driven risk evaluation.
- Steered efforts to align with company vision, fostering consensus, and driving open communication across cross-functional teams, consistently surpassing industry service standards.
- Exhibited proficiency in credit and risk management, quantitative analysis, credit-enhancing strategies, risk mitigation, and credit and investment exposure management.
- Spearheaded, monitored, and reported on loan processing and underwriting operations, establishing and sustaining robust risk management framework in collaboration with senior management.
- Analyzed and elevated non-compliant loans, validating submission for overlay, agency, regulatory, and government adherence in recent role at US Bank Home Mortgage.
- Executed thorough full file underwriting on representative loan samples, driving reduced losses through identification and rectification of internal process, system, and human error gaps.
Timeline
Treasury Payment Analyst, Back Office
Computershare
01.2024 - Current
Business Risk Analysis Officer
US Bank Home Mortgage
09.2016 - 01.2023
Mortgage Loan Specialist II – Contractor
U.S. Bank Home Mortgage
02.2016 - 09.2016
Quality Control Analyst
TCF Bank Consumer Lending
01.2013 - 03.2015
Quality Assurance Analyst
Wells Fargo Home Mortgage
03.2012 - 02.2012
Master’s Degree - Business Administration/Forensic Accounting
University of Saint Thomas
Bachelor’s Degree - Accounting
Saint Cloud State University