Senior Compliance Officer

About the role

The Senior Compliance Officer in the Second Line of Defense will review and analyze information, reports or data to determine compliance with internal policies and regulations. They will assist management with the CMS, focusing on mortgage servicing compliance oversight. The role involves providing advice, oversight, and guidance on policies, interpreting compliance information, managing risk, and reporting findings.

Responsibilities

• Review and analyze information, reports or data to ensure compliance with internal policies and regulations.
• Assist management with the development, maintenance, and support of the Compliance Management System (CMS).
• 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 enhance monitoring and controls to mitigate compliance risk.
• Interpret and communicate compliance management information, identify root causes of potential compliance risks, provide advice on addressing risks and strengthening controls, and prepare periodic reports to management.
• Monitor the progress of compliance issues, analyze risk mitigation strategies and tactics, and validate the effectiveness of corrective action plans by the line of business.
• Identify opportunities for improvement in compliance controls and issue final reports to first line management or risk committees.

Requirements

• 2+ years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar fields; experience with mortgage servicing compliance programs preferred.
• A high school diploma required; a bachelor's degree in a related field preferred.
• Regulatory experience in RESPA, TILA, FCRA, SCRA, FDCPA, FDPA, ECOA, and UDAAP is required.
• Regulatory experience in EFTA, E-SIGN, HPA, HCA, PTFA, and State Mortgage Servicing Requirements is nice to have.
• Experience developing or performing risk-based compliance monitoring, evaluating controls, identifying potential compliance gaps, and providing effective challenge is a strong preference.
• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services; experience with mortgage servicing processes is preferred.
• 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.

Qualifications

• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services; experience with mortgage servicing processes is preferred.
• 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.

Skills

• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services; experience with mortgage servicing processes is preferred.
• 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.

Benefits

• Competitive salary range for new hires is generally $92,450.00 - $114,203.33 for Irvine, CA.
• Salary range for new hires is generally $92,450.00 - $114,203.33 for Westlake Village, CA.
• Salary amount is determined by specific job location.
• Annual bonus/incentives earned and restricted stock are possible.
• Benefits include 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, and a wellness program.