Senior Compliance Officer- Mortgage Lending

Job Title: Senior Compliance Officer- Mortgage Lending Location: CA - Irvine What you'll do: The Sr Compliance Officer performs a key second line of defense role to ensure the line of business processes comply with applicable laws and regulations. The position supports overall compliance through execution of compliance control testing programs designed to evaluate the effectiveness of line of business practices in meeting respective regulatory compliance. The Senior Compliance Officer will conduct, coordinate, and execute independent control testing under the direction of the Associate Compliance Director, from planning to reporting on various types of regulatory compliance testing activities and continuously adapt based on assignments. What we are looking for: Conduct compliance testing of both lending and purchasing processes, which requires knowledge and understanding of mortgage loan such as Sales, Disclosures, Processing, Appraisal Order/Review, Docs, Closing/Funding, Post Closing, ARMs, Escrows, loan purchasing. Ability to assess compliance with applicable federal and state statutes (TILA, TRID, RESPA, ECOA, FCRA, HPA, FDPA, etc.), program specific requirements (ARM, DSCR, Interest Only, HELOC/HEL), and regulatory requirements circulated by agencies including FNMA, FHLMC, FHA, VA, USDA, and CFPB. Evaluate recorded loan officer calls for adherence to and compliance with applicable federal and state regulatory requirements. Conduct compliance testing in accordance with Compliance Management System Program standards and regulatory requirements. Perform multiple testing engagements concurrently from planning through reporting and produce quality, timely deliverables. Obtain supporting documentation to conduct testing, develop testing scopes and scripts, validate findings, and analyze root cause. Finalize testing results; identify opportunities for improvement in the design and effectiveness of compliance controls as appropriate. Draft reports to a high quality for review by Associate Compliance Director prior to sharing with the line of business and clearly articulate issues and risks identified. Track the line of business corrective action plans, effectively challenge, and manage the satisfactory resolution of issues, including ensuring adequate remediation plans and validation to ensure proper and timely resolution. Document test results and reporting metrics in GRC Tool and/or central repository. Demonstrate good risk awareness across different risk topics and able to complete complex walkthroughs and design and execute necessary testing. Keep abreast with internal process controls and regulatory requirements, understand and identify changes in rules and regulations and the impact on monitoring and testing activities. With increasing levels of independence and professional judgment, identify deficiencies and recommend solutions to complex issues. Complete any other job-related duties as assigned by management. Job Requirements: Strong understanding of compliance and federal and state consumer laws and regulations, including RESPA/TILA, eSign, TRID, Dodd Frank, Reg B, Reg C, Reg E, Reg Z, Fair Credit Reporting Act, FACT, Fair Housing Act, SAFE Act, ATR/QM requirements, etc. Minimum 3-5 years mortgage lending experience with an emphasis executing compliance testing, regulatory control testing, risk, internal audit, or consulting on internal controls is required. In-depth understanding of audit and compliance practices and methodologies, including risk assessment and internal control concepts. Demonstrated ability and success in interacting with senior leadership, including executive management. Strong analytical skills particularly regarding assessing the probability and impact of a control weakness. Organize and manage time appropriately based on established timelines to meet department objectives. Facilitate meetings, gather information, and identify linkages and trends to apply findings to testing. Analyze documentation, research solutions, and present recommendations to stakeholders for implementation of non-complex problems. Ability to clearly define scope and identify root cause of problem, research potential solutions, and engage stakeholders in discussion to obtain line of business engagement; escalation as appropriate. Ability to identify and understand key risks, issues and trends and to develop meaningful information to be shared with leadership. Excellent written and verbal communication; Ability to build and maintain strong working relationships and obtain line of business engagement regarding risk ownership and mitigation activities. Ability to think strategically and implement processes across multiple LOB, in partnership with first line of defense business partners. High level of inquisitiveness and desire to learn and understand new areas. Strong PC skills, including the Microsoft Office. PowerPoint, Excel Strong knowledge of Encompass Familiar with Compliance.ai, AllRegs preferred, but not required Independent thinker with minimal oversight needed What will really catch our eye: 5 years prior hands-on experience in a monitoring and testing role within Compliance Testing or Internal Audit preferably in lending originations and sales. Deep understanding of compliance and federal and state consumer laws and regulations, including RESPA/TILA, eSign, BSA, TRID, Dodd Frank, Reg B, Reg C, Reg E, Reg Z, Fair Credit Reporting Act, FACT, Fair Housing Act, SAFE Act, ATR/QM requirements, etc. Ability to troubleshoot, analyze situations, and make sound evidence-based decisions with others. Certified Regulatory Compliance Manager (CRCM) designation is a plus. Our top performers share the following traits: Good critical thinking skills Passion for details Proactive and reactive thinking Performs well under pressure. Independent thinker with minimal oversight needed. Compensation: Salary range for new hires is generally $88,045.00 - $103,582.00 for Irvine, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock. Benefits you’ll love: We offer all the important things you'd want — like 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. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. © Western Alliance Bancorporation About Western Alliance Bancorporation With more than $70 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation. For more information, visit Western Alliance Bank online. 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