Position Title
Compliance Advisor
Location
Work From Home United States
Job Summary
Regulatory Compliance is responsible for developing and maintaining a
Compliance Management Program for the Bank that reasonably ensures compliance
with consumer protection laws and regulations, addresses associated risks of
harm to consumers and customers, and integrates consumer compliance into the
day-to-day responsibilities of its management and employees.
This visible role works with business unit risk partners to support the
Compliance Management Program.
The Compliance Advisor will maintain broad and deep knowledge of assigned
business unit processes and the consumer protection laws and regulations that
pertain to them, serve as the subject matter expert to the assigned business
unit on consumer protection matters, and assist the business unit(s) in
reasonably ensuring compliance with the applicable consumer protection laws
and regulations.
This position will serve a vital role in the Regulatory Compliance Department
and will be an integral part of the company's overall risk management
strategy.
Pay Range: $58,500.00 - $83,000.00 - $107,500.00
Job Responsibilities:
Maintain close contact with assigned BUs to keep apprised of objectives,
strategy, new initiatives, emerging issues/risks; Stay abreast of BU
processes and applicable consumer compliance laws and regulations; Provide
advice, counsel and recommendations to BUs on consumer compliance
questions/iss
Periodically review policies and procedures (especially changes) to ensure
they meet regulatory requirements
Assist in developing and implementing action plans to comply with any
new/revised consumer compliance laws and regulations
Work with BU and Compliance Assurance Manager to develop BU annual testing
plan
Review new and existing vendors for potential compliance concerns
Prepare risk assessments
Monitor various indicators of risk - KRIs, QC results, Compliance Testing
results, ERM Issue Management Report, complaints, risk assessment
results, etc. to identify weaknesses and assist in remediating
Complete all required compliance training; maintain knowledge of Flagstar
policies and procedures; maintain compliance policies and procedures
Performs special projects, and additional duties and responsibilities as
required.
Consistently adheres to regulatory and compliance policies and standards
linked to the job as listed and complete required compliance trainings.
Accountable to maintain compliance with applicable federal, state and local
laws and regulations.
JOB REQUIREMENTS
Education level required: Undergraduate Degree (4 years or equivalent)
in Business Administration, Finance, Accounting, Law or related field,
or equivalent work experience.
Minimum experience required: 5+ Years of experience in a financial
institution, auditing firm, or consulting firm with a regulatory
compliance foc
Regulatory Compliance, Risk or Internal audit experience; bank operations
experience in mortgage originations, mortgage servicing, community
banking, etc. Knowledge of consumer protection laws and regulations
impacting a financial institution.
Preferred Qualifications:
Advanced PC systems skills including proficiency with Microsoft Word,
Excel, PowerPoint and other reporting systems.
CRCM Preferred
Job Competencies:
Ensures compliance with applicable federal, state and local laws and
regulations. Completes all required compliance training. Maintains knowledge
of and adhere to Flagstar's internal compliance policies and procedures.
Takes responsibility to keep up to date with changing regulations and
policies.
Understands the importance or relationships to enable effective teamwork.
Modifies personal style, focuses on the needs of others, and listens
effectively to ensure effective outcomes for group endeavors. (Insert
knowledge/skills/abilities required)
Takes a dynamic approach to work characterized by initiati g decisions and
actions. Concentrates on achieving the outcomes of a process or project while
adhering to the overall strategy of the organization. Creates a culture of
accountability and performance.
Demonstrates attributes of ethical behaviors, high personal standards, and
sound work ethic all employers should expect of employees. Consistently treats
others with respect and understanding. Responds in a timely manner to all
customers and co-workers.
Minimal Travel
Physical demands (ADA): No unusual physical exertion is involved.
Equal Opportunity Employer -
minorities/females/veterans/individuals with disabilities/sexual
orientation/gender identity