Compliance Research Specialist

Alcova Mortgage LLC•Roanoke, VA

11d•Onsite

About The Position

The Compliance Research Specialist performs compliance research, monitoring, and testing of various Company processes and conducts analysis of results obtained. This position requires analytic skills and decision making. The Compliance Research Specialist must be a good communicator, resourceful, and organized. Because this position requires travel, a valid driver’s license , and a clean driving record is essential.

Requirements

Two-year college degree and/or two-years compliance related work experience preferred Combination of education and related work experience may be considered
Knowledge of regulatory compliance is desired
Requires effective communication skills, both verbal and written
Requires exceptional organizational skills and strong attention to detail
Proficient with Microsoft Office (e.g., Word, Excel, Outlook)
Strong aptitude and desire to provide excellent customer service
Ability to simultaneously manage and accomplish multiple tasks / projects and deadlines
Trustworthy, honest, and display a high-level of integrity
Ability to work effectively in a team environment
Ability to identify and resolve problems in a timely manner
Able to understand and respond appropriately to basic inquires
Able to read, write, and communicate using the English language sufficient to perform job functions
Ability to use Company equipment in assigned area (including but not limited to telephone, copiers, fax machines, computers, internet, etc.)
Able to access, input, retrieve, and interpret information using applicable computer systems (including, but not limited to, Microsoft Word, Excel, Outlook, industry-specific computer software, etc.)
Works well independently
Able to handle deadlines and work within company guidelines
Compliance with all Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, and Office of Foreign Asset Controls (OFAC) requirements is required. Employee must complete annual training in these areas

Responsibilities

Compliance Analysis – Perform research and provide regulatory citations to defend our position to examiners and investors. Draft responses as required. Assist in the coordination of projects with other departments (i.e., Marketing, Lending, etc.) to ensure compliance with new laws and regulations. Identify opportunities that can improve efficiency of business processes and provide regular reports to the AVP
Compliance Notifications – Work with AVP to ensure all affected areas of the Company are kept well informed of changing laws and procedures for implementation to be completed at the appropriate time
Compliance Monitoring and Testing - Perform compliance monitoring and testing as required by the Compliance Calendar including, but not limited to, Internal Policy Reviews required by regulations and investors
Marketing Reviews – Review Marketing materials and promotions. Provide regulatory guidance to ensure compliance with state and federal regulatory requirements
Compliance Audit Remediation – Assist in the coordination of remediation of compliance audit findings with various department managers
Internal Audit – Assists in the performance of the internal audits as required by the Internal Audit Calendar. Creates Audit Reports and provides recommendations for correction of findings cited
Legal Activities – Assist in researching and developing responses regarding legal activities.
Complaint Investigation – Assist in the investigation of complaints received from state regulatory authorities, CFPB, BBB, and direct from consumer. Prepare research package for AVP Compliance Officer to review
Subpoenas – Assist in gathering information requested in subpoenas
Exam / Audit Activities – Assist with research pertaining to the remediation of exam findings
Policy & Procedure Development - Assist in the development of internal policies and procedures that pertain to this position