Mortgage Compliance Manager - City National Bank
Los Angeles, CA 90071
About the Job
Mortgage Compliance Manager WHAT IS THE OPPORTUNITY? The Head of Mortgage Banking Compliance will act in a compliance advisory role supporting consumer banking on matters of regulatory compliance
The role will be responsible for managing and maintaining assigned areas of the compliance program including monitoring business area compliance with applicable laws, rules, and regulations, and ensuring effective controls are in place to mitigate compliance risk
Maintaining regulatory change management, policies and procedures, training
This role is responsible for oversight of the Bank's Mortgage Banking division, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach
What you will do Serve as a compliance subject matter expert for assigned areas
Manage regulatory change management to business areas or support functions
Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities
Provide compliance advice and guidance to business areas and with assigned business projects
Assist with regulatory examination and serve as liaison with regulators
Develop and maintain compliance policies and standards that address key risk activities
Provide support in risk assessments and internal audits
Manage the mortgage compliance team and create metrics for adherence to guidelines by business units and ensure corrective actions are taken when risk appetites are exceeded
Engage and partner with mortgage front line risk functions to provide advice related to development and evolution of respective programs
Develop appropriate oversight routines of mortgage front line compliance programs
When necessary, challenge front line mortgage compliance programs on identified programmatic deficiencies
Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions
Challenge and aggregate front line risk assessments and report results/recommendations to senior management
Manage assigned staff and conduct appropriate coaching to colleagues on interpretation and application of regulatory requirements to business processes
Ensure federal and state specific criteria for disclosures are executed properly
Maintain and enhance policies and procedures designed to ensure compliance with the bank’s regulatory requirements
Work collaboratively with all departments by providing compliance guidance and direction for continued best practices and ensuring adherence to policies and procedures
Maintain proficiency in software tools necessary to complete requisite analysis and collaborate with software vendors as needed
Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements Responsible and accountable for overseeing appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded
All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement
Must-Have* Bachelor's Degree or equivalent Minimum 10+ years of lending and regulatory reporting in a data management environment Minimum 10 years of management experience in compliance, risk management or audit
Minimum 7 years of financial services experience Skills and Knowledge Advanced knowledge of banking compliance laws and regulations
Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management
Ability to interact with federal regulatory agencies
Ability to operate effectively in a fast-paced environment
Excellent organizational and analytical skills
Ability to communicate clearly and professionally with all levels of an organization
Excellent written and verbal communications skills
Effective interpersonal skills
Excellent time management skills and be accustomed to working with deadlines
Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus
Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs
For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM)
For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser
For Wealth Management Compliance roles, experience working within a Compliance Investment Management role
Compensation Starting base salary: $141,830 - $263,408 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies
#LI-JR1 #CR-JR
The role will be responsible for managing and maintaining assigned areas of the compliance program including monitoring business area compliance with applicable laws, rules, and regulations, and ensuring effective controls are in place to mitigate compliance risk
Maintaining regulatory change management, policies and procedures, training
This role is responsible for oversight of the Bank's Mortgage Banking division, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach
What you will do Serve as a compliance subject matter expert for assigned areas
Manage regulatory change management to business areas or support functions
Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities
Provide compliance advice and guidance to business areas and with assigned business projects
Assist with regulatory examination and serve as liaison with regulators
Develop and maintain compliance policies and standards that address key risk activities
Provide support in risk assessments and internal audits
Manage the mortgage compliance team and create metrics for adherence to guidelines by business units and ensure corrective actions are taken when risk appetites are exceeded
Engage and partner with mortgage front line risk functions to provide advice related to development and evolution of respective programs
Develop appropriate oversight routines of mortgage front line compliance programs
When necessary, challenge front line mortgage compliance programs on identified programmatic deficiencies
Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions
Challenge and aggregate front line risk assessments and report results/recommendations to senior management
Manage assigned staff and conduct appropriate coaching to colleagues on interpretation and application of regulatory requirements to business processes
Ensure federal and state specific criteria for disclosures are executed properly
Maintain and enhance policies and procedures designed to ensure compliance with the bank’s regulatory requirements
Work collaboratively with all departments by providing compliance guidance and direction for continued best practices and ensuring adherence to policies and procedures
Maintain proficiency in software tools necessary to complete requisite analysis and collaborate with software vendors as needed
Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements Responsible and accountable for overseeing appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded
All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement
Must-Have* Bachelor's Degree or equivalent Minimum 10+ years of lending and regulatory reporting in a data management environment Minimum 10 years of management experience in compliance, risk management or audit
Minimum 7 years of financial services experience Skills and Knowledge Advanced knowledge of banking compliance laws and regulations
Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management
Ability to interact with federal regulatory agencies
Ability to operate effectively in a fast-paced environment
Excellent organizational and analytical skills
Ability to communicate clearly and professionally with all levels of an organization
Excellent written and verbal communications skills
Effective interpersonal skills
Excellent time management skills and be accustomed to working with deadlines
Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus
Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs
For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM)
For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser
For Wealth Management Compliance roles, experience working within a Compliance Investment Management role
Compensation Starting base salary: $141,830 - $263,408 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies
#LI-JR1 #CR-JR
Source : City National Bank