Analyst, Compliance

Summary:

The Compliance Analyst will report to the Senior Compliance Manager. Will demonstrate a thorough knowledge of regulatory requirements governing financial institutions; proven ability to effectively research, analyze and apply compliance knowledge to specific solutions. Will contribute to the company risk management program through participation in projects and initiatives.

Essential Job Duties and Responsibilities:

• Strong aptitude for analytical work to include legal and regulatory research, documentation of findings, risk analysis, policy development, etc.
• Strong reading comprehension of technical/regulatory documentation is required.
• Performs research on information gathered from state regulatory sites and other databases
• Assists with risk review programs across all business lines, partnering with Quality Control, Legal, and Business Units as needed
• Documents all research and verification efforts
• Documents and reports variances from company policy and procedures and works to resolve the issues
• Makes recommendations for modifications and improvements to the systems, procedures, and processes
• Support Senior Compliance Manager in monitoring emerging risks and regulatory compliance matters, keeping current on changes in laws and regulations impacting the compliance area
• Support Senior Compliance Manager is assisting the company training department to develop and deliver training programs to ensure compliance with policy and regulation
• Assists with the implementation of programs/initiatives to enhance compliance awareness
• Maintains compliance risk assessments
• Tracks the Business Unit's corrective action plan completion and follow-up when necessary
• Development of policies and procedures to ensure compliance with applicable laws and regulations
• Develop, implement, and monitor programs to ensure compliance with state and federal regulations
• Gathers information, analyzes data trends, identifies root cause(s), and provides information to the business or project teams.
• Performs other duties as assigned by the Senior Compliance Manager
• Comply with all company policies and procedures.
• Maintain regular and punctual attendance.

Other Job Duties and Responsibilities:

Performs other related duties as assigned.

Supervisory Responsibilities:

• This position is an individual contributor.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Exceptional research capabilities
• Knowledge of the mortgage lending and servicing industry
• Working knowledge of compliance issues
• Intermediate level proficiency in Microsoft Office
• Ability to perform comparative analysis and provide logical conclusions/recommendations

Education and/or Experience:

• Bachelor’s Degree in Business Administration, Finance, or related field; relevant compliance work experience in lieu of a degree may be considered
• Minimum 5 years of work experience in the Mortgage industry. Third-party mortgage services are a plus.
• Minimum 3 years of work experience in compliance, quality control, or audit department of financial services
• Knowledge of Federal Regulations not limited to RESPA, TILA, CFPB, FCRA, ECOA, FDCPA, State Laws, and Investor/Insurer Guidelines (GSE, HUD, VA, USDA).
• Regulatory research: able to dive into Federal regulation and understand its structure of it.
• Detail-oriented with strong analytical and writing skills.
• Highly motivated, results-oriented individual who can work independently. Project management skills are a plus.
• Strong organization skills, ability to learn quickly, and accuracy and timeliness in completing tasks.
• Demonstrated high level of personal integrity, ability to professionally handle confidential matters, and reflect the appropriate level of judgment and maturity.
• Work cooperatively and maintain effective communication and working relationship with co-workers and manager.
• Able to work as part of a team as well as independently

Certificates, Licenses, Registrations:

• None Required

Work Complexity:

Problems and issues faced are difficult and complex, and may require understanding of broader set of issues. Problems typically involve consideration of multiple issues and understanding of the financial/mortgage industry. Problems are typically solved through drawing from prior experience and analysis of issues.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.

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