Senior Compliance Program Analyst
PennyMac

Moorpark, California

Posted in Banking
30 days ago


Job Info


Overview
Provide guidance to help ensure that assigned Servicing business unit(s) are in compliance with mortgage servicing industry laws and regulations related to GSE, VA, FHA, State, Federal, etc. Serves as a subject matter expert to ensure laws and regulations are interpreted and implemented accurately. Responsible for assessing impact to critical controls and collaborating with appropriate business unit teams to communicate and help resolve potential deficiencies. Additionally responsible for adhoc projects including process changes as well as management of exams/audits, including handling of preliminary/final report draft responses and coordinating/drafting effective remediation plans.

Job Description

  • Regulatory Updates:
    • Ensure proper communication and implementation of laws and regulations related to GSE, VA, FHA, State, and Federal, etc
    • Provide guidance to applicable Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, training, flow charts, reference guides, forms, communications, technology, monitoring controls, and operations needed to properly service loans
    • Work with the management to identify new or changed regulatory requirements and assess impact
    • Maintain updates to project plans and various reports to meet departmental requirements
  • Managing Audits and Exams:
    • Gather/coordinate deliverable submissions related to internal/external audits, ensuring adequacy & timeliness
    • Review preliminary/final reports and draft Default Servicing/line of business response and/or rebuttals
    • Work with the business unit management to develop efficient and effective remediation action plans to address exceptions, process/control gaps and recommendations; monitor action plans to fulfillment/execution
    • Partner with line of business on remediation related to QA/QC results
    • Ensure that management is apprised of audit/exam and QA/QC results on a regular basis and is advised in a timely fashion of any emerging risks, critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s)
  • Policy and Procedure Administration:
    • Ensure that the policies and procedures are updated and compliant with stated requirements
    • Review published materials and recommend revisions or changes in scope, format, content and methods of publication
    • Work with department management and process owners to help ensure departmental policies and procedures are created and/or current, complete and accurate
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values


Ideal Candidate will have the following:
  • Technical proficiency in regulatory compliance matters and regulations
  • Ability to analyze and assess risk based on potential impact to PNMAC for non-compliance
  • Proficient in Word, Excel and Power Point
  • Must be a team player with strong attention to detail and able to work independently requiring minimum supervision
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management
  • Strong verbal and written communication skills
  • Presentation experience is a plus




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