Compliance Professional – Mortgage & Consumer Servicing
About The Position
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Partners with their assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to, depending on their function, create, implement, maintain, review, or oversee an effective risk management framework. Participates in projects and/or activities that ensure compliance with applicable federal, state, and local laws and regulations. Identifies gaps and inform solutions that minimize losses resulting from inadequate internal processes, systems, or human errors. Identifies, responds, and/or escalates risks as appropriate. Serves as a functional liaison between the Line of Business and the Lines of Defense.
Requirements
- Bachelor's degree, or equivalent work experience
- Typically more than six years of applicable experience
- Proficient computer skills (Microsoft Office applications).
Nice To Haves
- Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line(s) of business. Primary laws/regs include Reg. B/ECOA, Reg. E/EFTA, Reg. V/FCRA, Reg. Z/TILA, SCRA, TCPA, Reg X/RESPA, and UDAAP.
- Advanced knowledge of the business line’s operations, products/services, systems, and associated risks/controls including Collections, Loss Mitigation, Foreclosure, Performing and REO.
- Thorough knowledge of Risk/Compliance/Audit competencies.
- Strong leadership and management skills of processes and projects
- Excellent written and verbal communication skills.
- Strong analytical, problem-solving and negotiation skills.
- Experienced in building strong collaborative relationships with key stakeholders
Responsibilities
- Assist with developing compliance programs and processes that are effective, efficient, and sustainable; seek process improvements by re-assessing compliance functions and approaches.
- Comprehensively oversee the implementation and execution of business line controls to ensure effectiveness.
- Maintain awareness of supervisory enforcement actions, legislative updates, new/amended regulatory requirements, industry trend, and banking operations.
- Serve as a valued business partner, trusted advisor, and key contact for first line risk partners; exercise credible challenge and drive desired results.
- Proactively engage with first line risk partners to identify, assess, document, and mitigate potential risks via comprehensive, actionable, and informative assessments, including: Business/Product Change Risk Assessments (PRISM), Enterprise Compliance Risk Assessments (ECRA), Compliance Approval Tool Reviews (CAT).
- Participate in, credibly challenge, and oversee various stages of issues (vetting, severity, resolution plans, etc.) and escalate when needed.
- Regulatory Change Management (RCM) oversight, guidance, and escalation.
- Provide advice and oversight to Risk partners throughout audits and exams.
- Develop and produce management reporting for assigned compliance functions, as needed.
- Miscellaneous strategic initiative and project management support.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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What This Job Offers
Job Type
Full-time
Career Level
Senior
