Regulatory Compliance Specialist
MassHousing
Responsible for working in partnership with HomeOwnership business line on conducting reviews, performing risk assessments, keeping staff apprised of regulatory changes and coordinating compliance, providing advice on regulatory requirements and controls, reviewing policies and procedures, and support training efforts, as needed. Under the direction of the Risk and Compliance Manager, assist with periodic testing/monitoring of HomeOwnership's compliance with laws and regulations and operational areas primarily pertaining to residential lending and servicing. Aid in the development, enhancement and execution of monitoring and testing programs for compliance processes, procedures and controls. Develop corrective action plans, which include policies and procedures, to minimize violations and prevent systemic compliance issues.
Additionally, support business line management on a day-to-day basis by answering questions and conducting necessary research on current business and proposed projects. Assist business line management in the proper resolution of any noted deficiencies discovered in connection with reviews, monitoring, and testing, conducted by HomeOwnership staff and external entities including, but not limited to, internal and/or external auditors, Investors (Fannie Mae, etc.), regulators (Consumer Financial Protection Bureau, etc.), and other third parties. Review and validate all print and electronic materials to ensure compliance with applicable regulatory requirements.
Qualifications:
- BS/BA degree or equivalent experience required. CRCM Certification highly desired.
- Minimum 5-7 years of increasingly responsible experience in residential mortgage banking compliance, including an understanding of the responsibilities of each department in a mortgage banking operation.
- Must have thorough knowledge and experience reviewing, interpreting and writing on state and federal laws and regulations affecting the residential mortgage banking industry, such as Fair Lending, Dodd-Frank Act, TILA, RESPA.
- Extensive knowledge of mortgage banking operations.
- Knowledge of and experience with GSE, FHA and GNMA originating and servicing rules a plus.
- Excellent writing skills and the ability to communicate technical regulatory information in a clear and concise way.
- Strong organizational skills with the ability to handle multiple tasks within significant time constraints are essential.
- Experience in the preparation and management of risk assessments.
- Proficiency with MS Word and Excel. PowerPoint knowledge a plus.
MassHousing offers competitive compensation as well as an attractive benefits package. Serious candidates should forward a letter of interest and a resume to Human Resources,
MassHousing, One Beacon Street, Boston, MA 02108, or fax to
617.624.9494, or email to
jobs@masshousing.com.
Massachusetts Housing Finance Agency (MassHousing) is an independent, self-sustaining public authority that provides financing for construction and preservation of affordable rental housing, and for affordable first and second mortgages for homebuyers and homeowners in the Commonwealth of Massachusetts.
