Compliance Consultant - Contract to Hire
About The Position
As a Compliance Assistant Manager, you will be a subject matter expert providing advice, oversight, and guidance related to regulatory compliance risks, control effectiveness, root cause analysis, and issue review and validation. You will provide leadership and direction in identifying the applicability and impact of regulations on the Bank's Mortgage products, services, and lines of businesses. Additionally, you will assist in the review and interpretation of new regulations or changes to existing regulations, including conducting impact assessments. In this role, you will provide oversight, monitor, test, and effectively challenge various regulatory compliance activities. You will 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). You will 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.
- Previous leadership experience preferred.
- 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
- 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).
- 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.
- 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.
Benefits
- Competitive salaries
- Ownership stake in the company
- Medical and dental insurance
- Time off
- Great 401k matching program
- Tuition assistance program
- Employee volunteer program
- Wellness program
- Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
