Senior Compliance Officer

Western Alliance Bank•Westlake Village, CA

1d•$92,450 - $114,203

About The Position

As a Senior Compliance Officer in the Second Line of Defense, you will review and analyze information, reports, and data to determine whether processes comply with internal policies and regulations, and provide effective challenge to the business where appropriate. You will assist management in developing, maintaining, and supporting the Compliance Management System (CMS), particularly for mortgage servicing compliance oversight. The role provides subject matter advice, oversight, and guidance on bank policies, compliance interpretation, risk assessments, issue management, policy and procedure reviews, control evaluations, exam management, data management, and other risk mitigation activities. You will collaborate with departments across all lines of defense to support regulatory commitments and develop enhanced monitoring and controls to mitigate compliance risk. You will communicate compliance management information, identify root causes of potential compliance risk, advise on addressing risks and strengthening controls, and provide periodic management reports. You will monitor compliance issues, analyze mitigation strategies, validate corrective action plans, identify opportunities to improve controls, and issue written reports communicating results to first-line management or risk committees.

Requirements

At least 2 years of related experience in Regulatory Compliance, Risk Management, Internal Audit, or a similar field.
High school diploma required.
Regulatory experience in RESPA, TILA, FCRA, SCRA, FDCPA, FDPA, ECOA, and UDAAP is required.
Experience with compliance monitoring is required.
Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
Intermediate knowledge of applicable mortgage servicing-related regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
Intermediate understanding of MS Office.
Intermediate ability to foster and build relationships to achieve a common goal.
Intermediate speaking and writing communication skills.

Nice To Haves

Experience with mortgage servicing compliance programs.
Bachelor's degree in a related field.
Regulatory experience in EFTA, E-SIGN, HPA, HCA, PTFA, and State Mortgage Servicing Requirements.
Experience developing or performing risk-based compliance monitoring, evaluating controls, identifying potential compliance gaps, and providing effective challenge.
Experience with mortgage servicing-related processes, including default and non-default processes and subservicing oversight.

Responsibilities

Review and analyze information, reports, and data to determine whether processes comply with internal policies and regulations, and provide effective challenge to the business where applicable.
Assist management with the development, maintenance, and support of the Compliance Management System, particularly mortgage servicing compliance oversight.
Provide subject matter advice, oversight, and guidance on bank policies, compliance interpretation, risk assessments, issue management, policy and procedure reviews, controls evaluation, exam management, data management, and risk mitigation activities.
Collaborate across all lines of defense to support regulatory commitments and develop enhanced monitoring and controls to mitigate compliance risk.
Communicate compliance management information, identify root causes of potential compliance risk, advise on addressing risk and strengthening controls, and provide periodic reports to management.
Monitor compliance issues, analyze risk mitigation strategies and tactics, and validate the effectiveness of corrective action plans by the line of business.
Identify opportunities to improve the design and effectiveness of compliance controls for first-line business units.
Issue final reports and communicate results in writing to first-line management or risk committees.