Intern - Regulatory Compliance & Risk

Select Portfolio Servicing, Inc. • West Valley City, UT

1d • Onsite

About The Position

Select Portfolio Servicing (SPS) is a leading residential mortgage servicer managing over one million loans. Our Legal and Compliance team is seeking two motivated J.D. candidates for a substantive, project-driven internship. This internship offers hands-on experience in a regulated financial services environment, covering federal consumer protection law, state-specific regulatory requirements, mortgage servicing rules, and internal risk governance. Interns will be embedded in legal and compliance operations, working with senior attorneys and compliance officers on impactful projects.

Requirements

• Currently enrolled in a J.D. program.
• Demonstrated interest in regulatory compliance, financial services law, or consumer protection.
• Strong research, writing, and analytical skills.
• Intellectual curiosity and a willingness to engage with complex, evolving regulatory frameworks.
• Comfort working in a fast-paced environment and managing multiple concurrent projects.

Nice To Haves

• Students at the S.J. Quinney College of Law strongly encouraged to apply.
• Interest in the application of technology and AI to legal and compliance work is a plus.

Responsibilities

• Research and analyze federal and state regulatory requirements applicable to mortgage servicers, including CFPB rules, GSE guidelines (Fannie Mae, Freddie Mac), and state-specific statutes.
• Monitor and summarize regulatory developments and agency guidance affecting servicing operations.
• Support compliance reviews and assist in drafting policy and procedure updates in response to regulatory changes.
• Participate in applying AI tools to redesign compliance testing and internal audit procedures.
• Map and analyze historical regulatory findings to identify patterns and control weaknesses.
• Collaborate with compliance, technology, and audit teams to develop AI-assisted frameworks for ongoing monitoring.
• Assist in-house counsel with active litigation matters, including legal research, drafting memoranda, and summarizing key developments.
• Support preparation for regulatory inquiries, examinations, and enforcement matters.
• Analyze relevant case law and statutory developments affecting mortgage servicing and consumer finance.
• Assist with the design and evaluation of internal audit tests for key servicing processes.
• Review audit findings and help prepare summaries and trend analyses for senior leadership.
• Support the development of corrective action plans in response to identified control gaps.

Benefits

• Work on substantive, real-world matters with direct business impact.
• Gain exposure to a broad range of legal disciplines within a single internship.
• Be part of an innovative team actively integrating AI into compliance and risk workflows.
• Access to mentorship from experienced in-house attorneys and compliance professionals.
• Competitive compensation.
• A collaborative, professional work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: Ph.D. or professional degree