Compliance Business Oversight Manager
Job Summary
The Compliance Business Oversight Manager provides advice, support, and objective guidance on Compliance and Center of Excellence programs. The role involves reviewing, monitoring, and challenging processes to ensure adherence to consumer regulations within mortgage and home equity products. You will collaborate with cross-functional teams to drive innovation and maintain a resilient compliance risk management function.
Responsibilities
- Provide objective guidance on Compliance/Center of Excellence programs.
- Interpret and ensure adherence to regulations like RESPA, ECOA, and TILA.
- Collaborate with sales, underwriting, and processing teams.
- Manage regulatory reviews, audits, and exams.
- Conduct risk and control assessments.
Required Skills
- 7+ years of compliance experience
- Mortgage and Home Equity lending expertise
- Regulatory interpretation (RESPA, ECOA, etc.)
- Analytical and problem-solving skills
- Strong stakeholder communication
Job Details
### Role Overview
The Compliance Business Oversight Manager provides advice, support and objective guidance to assigned portfolio, business or function on development and maintenance of all aspects of Compliance/Center of Excellence programs in line with the Bank's risk philosophy and strategic direction.
### Key Responsibilities
- Advising on regulatory matters, ensuring compliance with policies and standards, and interpreting key regulations such as RESPA, ECOA, HMDA, FCRA, UDAAP, Flood, E-Sign, SAFE Act, TILA and State laws applicable to residential secured lending.
- Collaborating closely with sales, underwriting, processing, and capital markets teams, providing input on processes, initiatives, marketing materials, and job aids to ensure regulatory compliance.
- Managing issues, regulatory change, risk and control assessments, project support, and performing monitoring activities.
- Proactively advising the business of new and changed Compliance regulatory and/or policy changes.
- Formulating insights from data analysis and leading the interpretation of complex business issues.
- Representing Compliance on internal or external committees.
- Conducting internal and external research projects and supporting the development of management presentations.
### Depth & Scope
- Works independently and is accountable for managing a specialized Compliance function.
- Provides comprehensive coverage for a significant business or functional area across all legal entities.
- Provides advanced analysis and/or specialized reporting to support business partners.
- Serves as a subject matter expert for key functional Compliance areas.
- Manages regulatory reviews including inquiries, audits, and exams.
### Requirements
- Undergraduate degree or equivalent work experience.
- 7+ years of experience.
- Strong analytical skills and attention to detail.
- Ability to translate complex regulatory requirements into practical language.
### Preferred Qualifications
- Current work experience as a Regulatory Compliance Manager/Lead in Mortgage and/or Home Equity Lending.
- Knowledge of Mortgage and Home Equity products (sales, marketing, processing, and fulfillment).
- CRCM (Certified Regulatory Compliance Manager) designation.