Assistant Compliance Manager

Company: Disability Solutions
Location: Irvine
Posted on: February 2, 2025

Job Description:

Job Title:Assistant Compliance ManagerLocation:CA - IrvineWhat you'll do:The Assistant Compliance Manager works under the direction of the Corporate Compliance Associate Director to oversee Mortgage Lending areas of regulatory compliance, specifically the retail and correspondent lending channels. They perform 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 effective review and challenge of risk assessments, document and vendor reviews, Issue validation testing, regulatory change, advisory and guidance, and other line of business monitoring designed to evaluate the effectiveness of line of business practices in meeting respective regulatory compliance.

• Assists with developing and maintaining the compliance program to ensure the Bank meets regulatory requirements in all areas.
• Maintains current knowledge of applicable state and federal laws and regulations pertaining to: compliance for retail and correspondent residential mortgage lending, including but not limited to TILA, including TRID (Reg Z), RESPA (Reg X), ECOA (Reg B), HMDA (Reg C), FCRA (Reg V), FDPA (Reg H), and Appraisal related regulations.
• Consults on design and implementation of preventative techniques to lessen risk of non-compliance and legal exposure to the Bank.
• Perform effective review and challenge of the line of business processes, including regulatory changes, new/changes in products &processes, document (policies, procedures, job aids, training materials, and vendor reviews.
• Documents results of review and challenges, which are provided to the Bank's risk management committees.
• Perform risk and control assessments in line with methodology, scope, and frequency.
• Collaborate with line of business, subject matter experts and all relevant stakeholders to understand requirements (e.g., laws, regulations, guidelines, policies) of compliance, enterprise programs and products).
• Communicate compliance requirements to the line of business via Policy or other communications.
• Oversee the tracking of 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.
• Approve line of business KRI 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 validation.
• Keep abreast with internal process controls and regulatory requirements, understand and identify changes in rules and regulations and the impact on activities.
• With increasing levels of independence and professional judgment, identify deficiencies and recommend solutions to complex issues.
• Contributes to the overall strategic plan of the Compliance Department and assists with various projects as required.What you'll need:
  • Bachelors degree is preferred
  • 7+ years related compliance experience in residential mortgage lending for both retail and correspondence.
  • Deep understanding of compliance and federal and state consumer laws and regulations, including TILA, including TRID (Reg Z), RESPA (Reg X), ECOA (Reg B), HMDA (Reg C), FCRA (Reg V), FDPA (Reg H), and Appraisal related regulations. In-depth understanding of audit and / or compliance practices and methodologies, including risk assessment and internal control concepts.
  • Demonstrated ability and success in interacting with senior leadership, including executive management.
  • 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.
  • Strong analytical skills particularly regarding assessing the probability and impact of a control weakness.
  • Ability to troubleshoot, analyze situations, and make sound evidence-based decisions with others.
  • CMCP, CRCM, or other relevant certifications preferred.
  • Familiar with GRC (SAI360), ServiceNow, Encompass, Meridian Link (Lending QB), AllRegs preferred, but not required.
  • Excellent written and verbal communication.
  • Strong PC skills, including the Microsoft Office. PowerPoint, Excel.
  • Ability to think strategically and implement processes across multiple LOB, in partnership with first line of defense business partners.Compensation: Salary range for new hires is generally $114,910.00 - $141,946.00 for Irvine, CA. Salary range for new hires is generally $114,910.00 - $141,946.00 for Westlake Village, 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

Keywords: Disability Solutions, Norwalk , Assistant Compliance Manager, Executive , Irvine, California