FVP, Internal Audit Mortgage Compliance

About the position

The First Vice President, Internal Audit - Mortgage Compliance, will play a crucial role in providing independent assurance by evaluating that Pennymac maintains the highest standards of regulatory compliance and risk management. This leadership and working position will contribute to the development and execution of a comprehensive audit plan focused on compliance with mortgage consumer regulations, encompassing both Federal and State requirements for our servicing and production segments.

Responsibilities

• Provide expert guidance and interpretation of complex regulatory requirements, including those issued by the CFPB and the various States the Company is regulated by, and stay abreast of evolving industry best practices
• Leverage data analytics techniques to enhance audit efficiency and effectiveness, identifying trends, anomalies, and potential risks
• Assist in developing and executing a risk-based audit plan that addresses key compliance risks across all areas of servicing and production segments processes
• Evaluate the design and operating effectiveness of internal controls over mortgage consumer compliance
• Evaluate and provide feedback on the second line of defense ongoing monitoring and reporting on mortgage consumer compliance within the organization
• Identify and assess compliance risks related to new products, services, and regulations
• Conduct thorough audits of compliance processes, including loan origination, servicing, and information technology

Requirements

• 10+ years in audit, compliance, or risk management within the mortgage industry
• 3+ years of experience as a CFPB or State examiner, with a deep understanding of regulations and examination procedures
• Proven expertise in data analytics and the ability to apply these skills to audit activities
• Bachelor's degree or equivalent work experience
• CPA, CIA, or CISA preferred
• Proficiency in basic Microsoft and Google suite of office applications

Benefits

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships