Summary:
The Compliance Monitoring & Testing SVP will report to the Chief Legal Officer and will be responsible for overseeing an effective and efficient monitoring and testing program for regulatory compliance. This role will ensure efficient, timely execution and reporting of the monitoring and testing plan and findings.
Essential Duties may include:
- Oversee the workflow of the compliance testing team to ensure the proper execution of the monitoring and testing program.
- Research regulatory requests from business areas and provide regulatory interpretation and executable options to achieve regulatory requirements and business needs.
- Plan and develop testing across all business activities, operational processes, systems and internal controls to evaluate adherence to regulatory and policy requirements and compliance risks.
- Assist management with requests from auditors and examiners, as needed.
- Oversee multiple projects at any one time.
- Evaluate trends in errors and develop modifications to business processes as appropriate.
- Monitor the effectiveness of the corrective action plans put into action by the remediation action owners.
- Develop ongoing enhancements to the monitoring & testing program to ensure compliance with Regulatory and Industry practices.
- Drive innovative change throughout the testing program by developing and implementing leading edge, transformative ideas for testing automation, data analysis, and visualization of risks and test results.
- Develop and maintain a high performing compliance testing team.
Education/Experience
- Bachelorâs degree preferred
- 10+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both
- 3 years direct experience in testing to evaluate the effectiveness of controls (may include audit, compliance, internal control, or other related testing)
- Strong knowledge of regulations governing mortgage origination and servicing
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Expect to travel occasionally to other locations as required.
- Leadership skills
- Ability to articulate complex concepts in a clear manner
#CB
Freedom Mortgage is a privately held, full-service residential mortgage lender licensed in all 50 states, Washington D.C., Puerto Rico and the Virgin Islands. We are one of the largest and fastest-growing privately held mortgage companies in the country, as well as a top 5 residential lender in the USA. Freedom Mortgage currently services more than 225 billion dollars in loans. And we are continuing to grow! Freedom Mortgage is proud to be recognized by Inc. Magazineâs, Inc. 5000 rankings for the fastest growing private firms in the nation for six consecutive years (2013-2018).
Freedom Mortgage has over 4000 employees and offices nationwide. Locations include suburban Philadelphia (we have multiple sites in Southern New Jersey) and Fishers, IN, two regions where we were named Top Workplaces (The Indianapolis Star named Freedom Mortgage at Top Workplace four years in a row). We also have large operating centers in Melville, NY; Jacksonville, FL; San Dimas, CA; and Tempe, AZ; and Columbia, MD
Freedom Mortgage team members enjoy our total rewards program, including excellent benefits, perks, business casual dress, rewards programs, training, development and career opportunities. Community spirit is one of our shared values and Team Freedom Cares is our philanthropic arm helping us get involved in the communities in which we operate. Learn more about us and apply!
Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767
Equal Opportunity Employer- Minorities/Females/Disabled/Veterans
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