Compliance Advisor - Commercial Lending
: Job Details :

Regulatory Compliance is responsible for developing and maintaining a Compliance Management Program for the Bank that reasonably ensures compliance with consumer protection laws and regulations, addresses associated risks of harm to consumers and customers, and integrates consumer compliance into the day-to-day responsibilities of its management and employees. This visible role works with business unit risk partners to support the Compliance Management Program. The Commercial Lending Compliance Advisor will maintain broad and deep knowledge of assigned commercial lending business unit processes and the laws and regulations that pertain to them, serve as the subject matter expert to the assigned business unit on regulatory matters, and assist the business unit(s) in reasonably ensuring compliance with the applicable laws and regulations. This position will serve a vital role in the Regulatory Compliance Department and will be an integral part of the company s overall risk management strategy. Pay Range: $73,625.80 - $95,713.54 - $117,801.27* Using independent and sound judgment, provide subject matter expert advice to assigned BU s regarding applicable compliance regulations pertinent to commercial lending while collaborating, advising, and coordinating with Compliance leaders. Applicable regulations include but are not limited to ECOA, HMDA, FCRA, FDPA, Protecting Tenants at Foreclosure Act, Regulation U and applicable State requirements;* Maintain close contact with assigned BUs to keep apprised of objectives, strategy, new initiatives, emerging issues/risks;* Stay abreast of BU processes and applicable compliance laws and regulations* Provide advice, counsel and recommendations to BUs on compliance questions/issues;* More advanced duties may include designation of subject matter expert for certain compliance laws/regulations.* Periodically review policies and procedures (especially changes) to ensure they meet regulatory requirements;* Assist in developing and implementing action plans to comply with any new/revised compliance laws and regulations;* Assist in the completion of Compliance Risk Assessment;* Assist in developing and monitoring Key Risk Indicators (KRIs) for early warning signs of compliance concerns and assist in remediating concerns identified;* Review new products/services for potential compliance concerns and assist in preparing risk assessments;* Review new and existing vendors for potential compliance concerns and make a determination regarding the need for regulatory risk assessments pertaining to the products/services offered by such vendors;* Review marketing materials and other external-facing communications for potential compliance issues (as applicable); and* Monitor for emerging risks and industry fines/penalties; conduct Could this happen at Flagstar? analyses.* Complete all required compliance training;* Maintain knowledge of, and adhere to, Flagstar's internal compliance policies and procedures;* Maintain Regulatory Compliance department procedures as assigned;* Maintain knowledge of changing compliance regulations;* Ensure compliance with applicable federal, state and local laws and regulations; and* Perform other duties and special projects as assigned.*JOB REQUIREMENTS **Required Qualifications:** Education level required: Undergraduate Degree (4 years or equivalent) in Business Administration, Finance, Accounting, Law or related field, or equivalent work experience.* CRCM preferred* Advanced PC systems skills including proficiency with Microsoft Word, Excel, PowerPoint and other reporting systems preferred* *5+ Years of experience in a financial institution, auditing firm, or consulting firm with a regulatory compliance focus.** *Regulatory Compliance, Risk, or Internal Audit experience;** *Bank experience in commercial lending compliance as it relates to processing, originations and servicing; and** *Knowledge of compliance laws and regulations impacting financial institution.** Able to manage and execute multiple complex projects within required timelines and expectations* Demonstrate conceptual thinking and analytical skills;* Ability to work independently in a continuously changing environment;* Inquisitive, resourceful, and able to seek out information and develop sound conclusions and strategies;* Excellent communication skills, including report writing, oral presentations, group facilitation skills, etc.;* Ability to develop and maintain professional relationships; and* Proven ability to partner effectively across all levels of the organization.* Minimal Travel