Our client, a Growing Bank, is looking for a Compliance Analyst to join their growing team.
02nd August, 2022
Job Summary and Opportunity
Growing digital bank with increasing financial product offerings to include cryptocurrency, team interaction, and career path. 3+ years' mortgage banking, audit, legal, regulatory compliance specifically Consumer Lending Underwriting with understanding of lending compliance regulations
Responsibilities
Conduct compliance reviews, scheduled loan level documentation, transactional testing, risk assessments on lending products and services through a focused and random sample basis
Participate in touchpoint meetings with business unit leaders and communicate regulatory change management
Evaluates vendor agreements and related documents and provides written assessment of potential regulatory impact and recommendations
Review marketing campaigns, disclosures, new products, and general regulatory questions
Perform QA continuous monitoring of regulatory compliance through the data driven compliance reporting processes
Evaluate process maps, procedures, policies, and management directives for accuracy and completeness
Prepare written report for Department Manager detailing observations and recommendations for corrections
Facilitate and lead discussions with Business Unit Managers and Senior Leadership as it pertains to Quality Control review results
Work with affected business units to accomplish remediation and appropriate training as required
Participate in the continual review and improvement of Quality Control oversight programs for lending products offered by the Bank
Ongoing coordination with Department Manager and other team members ideas and recommendations for enhancement of areas that cover all regulations affecting credit products.
Analyze proposed vendor engagements, operating agreements, policies and procedures, and marketing collateral to identify areas of potential regulatory impact and compliance with applicable regulations, statutes, agency guidance, and best practices
Review published business unit policies, procedures, and forms to ensure accuracy and alignment with current investor guidelines and requirements
Consult with Government and Agency investors, vendors, legal counsel, and Lending Compliance department, as needed
Support Bank's efforts on all corporate compliance audits and Agency compliance examinations, including advance preparation, coordination of all information gathering between business units during the audit/exam and remediation actions
Requirements
Bachelor's degree preferably in business or related area, or equivalent business experience
1+ year' Consumer Lending Underwriting with understanding of lending compliance regulations
Identify and define problems with documentation, loan origination systems, internal processes and procedures; research and analyze information and various situations relating to data management issues
Flexible, work on multiple projects that may require restructuring due to shifting demands and changing priorities within a multi-billion dollar bank
Deep understanding of FNMA, FHLMC, FHA, VA and investor guidelines
Attention to detail, resourceful, and driven
Recommend alternatives or solutions
Good presentation skills, collaborative, adaptable, and successful working independently
Proficient with Microsoft Office products (Word, Excel, Visio, PowerPoint) and networks
Preferred:
JD.
Law firm or in-house experience reviewing legal documents