Senior Compliance Officer
About The Position
As a Senior Compliance Officer in the Second Line of Defense, you'll review and analyze information, reports or data to determine if the applicable process is in compliance with internal policy or regulations and provide effective challenge to the business where applicable. You'll assist management with development, maintenance, and support of the Compliance Management System (CMS), particularly related to mortgage servicing related compliance oversight. In this role you'll provide subject matter advice, oversight, and guidance on applicable bank policies, compliance interpretation, risk assessments, issue management, policy and procedure review, controls evaluation, exam management, data management, and other risk mitigation activities. You'll collaborate with all lines of defense departments to support adherence to regulatory commitments and the development of enhanced monitoring and controls to mitigate compliance risk. Interpret and effectively communicate compliance management information, identify the root cause(s) of potential compliance risk, provide advice on addressing risk and strengthening controls, as well as provide periodic reports to management. Monitor the progress of compliance issues, analyze risk mitigation strategies and tactics, and validate effectiveness of corrective action plans by the line of business. Identify opportunities for improvement in the design and effectiveness of compliance controls as appropriate for first line business units, issue final reports and communicate results in writing to first line management or risk committees.
Requirements
- 2+ years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field
- High school diploma 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 preferred
- Bachelor's degree in related field preferred
- experience with mortgage servicing related processes including default and non-default and subservicing oversight preferred
Responsibilities
- Review and analyze information, reports or data to determine if the applicable process is in compliance with internal policy or regulations.
- Provide effective challenge to the business where applicable.
- Assist management with development, maintenance, and support of the Compliance Management System (CMS), particularly related to mortgage servicing related compliance oversight.
- Provide subject matter advice, oversight, and guidance on applicable bank policies, compliance interpretation, risk assessments, issue management, policy and procedure review, controls evaluation, exam management, data management, and other risk mitigation activities.
- Collaborate with all lines of defense departments to support adherence to regulatory commitments and the development of enhanced monitoring and controls to mitigate compliance risk.
- Interpret and effectively communicate compliance management information.
- Identify the root cause(s) of potential compliance risk.
- Provide advice on addressing risk and strengthening controls.
- Provide periodic reports to management.
- Monitor the progress of compliance issues.
- Analyze risk mitigation strategies and tactics.
- Validate effectiveness of corrective action plans by the line of business.
- Identify opportunities for improvement in the design and effectiveness of compliance controls as appropriate for first line business units.
- Issue final reports and communicate results in writing to first line management or risk committees.
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
Education Level
High school or GED
