Servicing Compliance Specialist III

Pennymac•Moorpark, CA

1d•$55,000 - $85,000•Onsite

About The Position

Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. The Mortgage Servicing Compliance Specialist III is responsible for developing business performance metrics to ensure the organization adheres to complex federal and state regulations. This role involves direct collaboration with data analysis to translate statutory requirements into actionable test logic, conducting User Acceptance Testing (UAT), and connecting with Lines of Business (LOB), Legal, and Corporate Compliance to ensure operational alignment. The role requires a capacity for thorough investigation and documentation, specifically the ability to effectively cross-reference and cite any potential findings that emerge during the course of a project or analysis. This capability ensures that all identified issues, observations, or conclusions are supported by verifiable evidence and can be traced back to their original source or context. This is crucial for maintaining audit trails, ensuring data integrity, and providing comprehensive support for corrective actions or strategic recommendations. While an individual contributor, their deep knowledge makes them a key mentor and guide for junior members of the compliance department.

Requirements

Technical proficiency in regulatory compliance matters and regulations
Ability to analyze and assess risk based on potential impact to Pennymac for non-compliance
Proficient in Word, Excel and Power Point
Must be a team player with strong attention to detail and able to work independently requiring minimum supervision
Proven track record at delivering timely and accurate information in a fast-paced environment
Excellent critical thinking, problem solving, mathematical skills and sound judgment
Strong business acumen and ability to interface with executive management
Strong verbal and written communication skills
Financial Services and, if possible, mortgage industry experience preferred

Nice To Haves

Presentation experience is a plus
Financial Services and, if possible, mortgage industry experience preferred

Responsibilities

Research and interpret regulations to define test requirements and metrics.
Review Policies and Procedures (P&Ps) and meet with Lines of Business to fully understand operational processes related to specific regulations.
Work with data analysts to implement and review report sql logic and conduct detailed UATCollaborate with data analysts to implement and review SQL logic for reports, and conduct detailed User Acceptance Testing (UAT)
Ensure that management is apprised of audit/exam and QA/QC results on a regular basis and is advised in a timely fashion of any emerging risks, critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s)
Schedule and lead walkthroughs with management and the LOB to discuss testing approaches, findings, and logic updates.
Draft policies and procedures when needed for testing reports
Provide clear and descriptive documentation detailing action takenFurnish comprehensive and explicit documentation detailing the actions undertaken.
Perform other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values

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

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