Position will be a member of the Regulatory Business Controls team supporting the Consumer Lending businesses, including First Mortgages, Home Equity, Custom Mortgage and Consumer Vehicle Lending
Position will be responsible for providing regulatory support in one or all of the following areas for their assigned State or Federal Regulation:
Provide Regulatory direction and SME support to Consumer Lending, including impact analysis and implementation of Enterprise Compliance policies and Assessments.
Interface with Compliance and Legal to provide the business point of view on regulatory topics.
Actively engage in process change initiatives to ensure solutions result in compliant outcomes with meaningful controls
Maintain action plans for new rules and standards in Enterprise database and initiate change projects not driven by Regulatory Programs.
Analyze compliance testing, monitoring reports, and other testing results to identify primary root cause of errors and escalate for remediation.
Provide Regulatory SME support to resolve audit issues that result in compliance violations.
Provide compliance question support and system overrides related to compliance rules for front line First Mortgage employees.
Enterprise Role Overview:
Provide analytical support in executing internal control discipline and operational excellence within a LOB/ECF. Gather and organize data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans. Prepare documentation for the tracking, monitoring, and escalation of risk related issues to management. Acts as an ambassador of the risk culture. Incumbents typically have over 5 years of risk management and/or LOB/ECF experience.
5 years combination of mortgage originations, process management or regulatory / Compliance experience with a working knowledge of lending regulations
Ability to identify risks and related mitigation efforts
Critical thinking/analytical skills
Demonstrated ability to multi-task in a matrixed reporting environment
Strong analysis and fact-based decision making
Proven ability to communicate complex information in simple terms (oral and written)
Strong organization skills with the ability to prioritize requests and workload accordingly
Strong research skills
Influence horizontally and vertically across the organization and diverse audiences
Exhibit strong relationship management and interpersonal skills
The successful candidate will be able to manage multiple risk and compliance related activities in close coordination with other Business Control and Enablement teams.
College Degree - B.A or B.S. preferable
Capable of performing complex analyses and formulating solutions independently
Substantial experience with assessments and root cause analysis
Ability to work collaboratively
Demonstrated experience with risk management and project planning with a particular focus on the ability to properly scope a problem / gap, as well as set goals and objectives
Ability to work effectively with business owners, Legal, Risk and Compliance
Demonstrable experience with communicating effectively
Westlake Village, CA, 31303 AGOURA RD (CA6917),
Jacksonville, FL, BANK OF AMERICA OFFICE PARK, 9000 SOUTHSIDE BLVD BLDG 600,
Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,
Plano, TX, 6400 LEGACY DR (TX2972),
: Yes, 5% of the time
Full / Part-time
: Full time
Hours Per Week
: 1st shift
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