Compliance Assistant Manager

Western Alliance Bank•Westlake Village, CA

About The Position

As a Compliance Assistant Manager you'll be a subject matter expert and provide advice, oversight and guidance related to regulatory compliance risks, control effectiveness, root cause analysis, and issue review and validation. You'll provide leadership and direction in identifying the applicability and impact of regulations on the Bank's Mortgage products, services and lines of businesses. In addition, you'll assist in the review and interpretation of new regulations or changes to existing regulations, including conducting impact assessments. In this role you'll provide oversight, monitor, test and effectively challenge various regulatory compliance activities. You'll support the Compliance programs, and perform risk and control assessments (RCSA) in line with methodology, scope, and frequency. You’ll also conduct compliance risk assessments (CCRA) in the firm's GRC platform, ensuring accurate ratings and rationale for Inherent Risk (IRR), Quality of Risk Management (QRM) and Residual Risk (RRR). Effectively synthesize and communicate compliance information, identify root cause(s) of potential compliance risk, and provide various reports to management. Collaborate with stakeholders across the Bank to gain insight into compliance risks associated with various line of business activities, objectives, practices, processes, and the overall control environment. Partner with subject matter experts in the lines of business to formulate an integrated and independent view of the business area risks and risk management practices. You will also work with Compliance team members to develop compliance risk management guidance for the lines of business. Raise issues and collaborate in the development and implementation of new compliance policies, practices and tools. May lead and develop a team: responsible for hiring, coaching, performance management, training and development.

Requirements

6+ years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field.
Bachelor's degree in related field preferred but not required.
Intermediate to Advanced knowledge of mortgage origination operations, including sales, disclosures, processing, underwriting, closing/funding, post closing.
Ability to assess compliance with applicable federal and state statutes (TILA, TRID, RESPA, ECOA, FCRA, HPA, FDPA, etc.), program specific requirements (ARM, DSCR, Interest Only, HELOC/HEL), and regulatory requirements circulated by agencies including FNMA, FHLMC, FHA, VA, USDA, and CFPB
Intermediate to Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Intermediate to Advanced experience in Regulatory and Compliance as it related to Mortgage Banking is preferred.
Intermediate to advanced understanding of MS Office with specific focus in Excel and PowerPoint.
Intermediate to Advanced speaking and writing communication skills.

Nice To Haves

Previous leadership experience preferred.
Certified Regulatory Compliance Manager preferred

Responsibilities

Provide advice, oversight and guidance related to regulatory compliance risks, control effectiveness, root cause analysis, and issue review and validation.
Provide leadership and direction in identifying the applicability and impact of regulations on the Bank's Mortgage products, services and lines of businesses.
Assist in the review and interpretation of new regulations or changes to existing regulations, including conducting impact assessments.
Provide oversight, monitor, test and effectively challenge various regulatory compliance activities.
Support the Compliance programs, and perform risk and control assessments (RCSA) in line with methodology, scope, and frequency.
Conduct compliance risk assessments (CCRA) in the firm's GRC platform, ensuring accurate ratings and rationale for Inherent Risk (IRR), Quality of Risk Management (QRM) and Residual Risk (RRR).
Effectively synthesize and communicate compliance information, identify root cause(s) of potential compliance risk, and provide various reports to management.
Collaborate with stakeholders across the Bank to gain insight into compliance risks associated with various line of business activities, objectives, practices, processes, and the overall control environment.
Partner with subject matter experts in the lines of business to formulate an integrated and independent view of the business area risks and risk management practices.
Work with Compliance team members to develop compliance risk management guidance for the lines of business.
Raise issues and collaborate in the development and implementation of new compliance policies, practices and tools.
May lead and develop a team: responsible for hiring, coaching, performance management, training and development.