Senior Compliance Manager
About The Position
As a Senior Compliance Manager, you'll uphold the company’s values and serve as a hands-on leader responsible for both managing a team and directly executing complex compliance activities. You’ll lead the execution of the Compliance Management System (CMS) and strategy, while partnering with the business and key stakeholders to drive a strong culture of compliance and demonstrating integrity and professional judgment in protecting the interests of Western Alliance Bank. This working-manager role is expected to oversee and personably contribute to activities related to annual or periodic compliance risk assessments, impact assessments, advisory and regulatory interactions, issue management, periodic risk committee presentations and reports, and ensure adherence to the CMS or other applicable requirements. In this role you'll ensure teams adhere to all applicable CMS requirements, through effective challenge of issues, regulatory change, document reviews, and vendor reviews as they pertain to residential mortgage lending/purchasing when needed. You'll develop and implement management and board reporting, as well as reporting for applicable regulatory agencies. Provide subject matter expertise and guidance related to residential mortgage lending/purchasing laws and regulations to strengthen processes, procedures and controls for the lines of business. Partner with team members and external partners to understand and document the impact changes to product offerings and business changes have on the Compliance Risk Assessment. Participate in Compliance Department meetings by providing topics for discussion and report on areas of weakness as well as identify regulatory dependencies, execute support for governance and any program management activities. Lead working groups and project teams designed to identify and implement actions that strengthen the bank's CMS. Lead and develop a team while maintaining direct responsibility for complex compliance deliverables; responsible for hiring, coaching, performance management, training and development. Serve as a working manager and subject matter expert by directly performing high-priority compliance activities, including regulatory impact assessments, issue validation support, advisory reviews, reporting, and effective challenge related to residential mortgage lending/purchasing.
Requirements
- 9+ years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field.
- Bachelor's degree in related field required.
- Previous hands-on leadership experience required with demonstrated ability to balance people management responsibilities with direct execution of complex compliance work.
- Advanced knowledge of general banking mortgage banking operations, including sales, disclosures, processing, underwriting, closing/funding, and post-closing.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Ability to assess compliance with applicable federal and state statutes (TILA, 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 FRB, CFPB.
- Advanced knowledge of all activities within the scope of compliance governance and program management, including regulatory compliance as it relates to Mortgage Banking.
- Advanced ability to identify and understand key risks, issues and trends and to develop meaningful information to be shared with leadership.
- Advanced speaking and writing communication skills.
Nice To Haves
- Certified Regulatory Compliance Manager is preferred.
Responsibilities
- Lead the execution of the Compliance Management System (CMS) and strategy.
- Partner with the business and key stakeholders to drive a strong culture of compliance.
- Oversee and personally contribute to activities related to annual or periodic compliance risk assessments, impact assessments, advisory and regulatory interactions, issue management, periodic risk committee presentations and reports.
- Ensure adherence to the CMS or other applicable requirements.
- Ensure teams adhere to all applicable CMS requirements, through effective challenge of issues, regulatory change, document reviews, and vendor reviews as they pertain to residential mortgage lending/purchasing when needed.
- Develop and implement management and board reporting, as well as reporting for applicable regulatory agencies.
- Provide subject matter expertise and guidance related to residential mortgage lending/purchasing laws and regulations to strengthen processes, procedures and controls for the lines of business.
- Partner with team members and external partners to understand and document the impact changes to product offerings and business changes have on the Compliance Risk Assessment.
- Participate in Compliance Department meetings by providing topics for discussion and report on areas of weakness as well as identify regulatory dependencies, execute support for governance and any program management activities.
- Lead working groups and project teams designed to identify and implement actions that strengthen the bank's CMS.
- Lead and develop a team while maintaining direct responsibility for complex compliance deliverables; responsible for hiring, coaching, performance management, training and development.
- Serve as a working manager and subject matter expert by directly performing high-priority compliance activities, including regulatory impact assessments, issue validation support, advisory reviews, reporting, and effective challenge related to residential mortgage lending/purchasing.
Benefits
- competitive salaries
- an ownership stake in the company
- medical and dental insurance
- time off
- a great 401k matching program
- tuition assistance program
- an employee volunteer program
- a wellness program
- opportunity to bolster business knowledge
- learning the ins and outs of how successful companies operate and manage their finances
- invaluable hands-on experience to help grow your career
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What This Job Offers
Job Type
Full-time
Career Level
Senior
