Compliance Analyst

A leading mortgage subservicing company is seeking a Compliance & Risk Analyst to join the team in Yardley, PA. This is a 8 month contract with the potential to convert full time after the contracting period.The team is 100% remote right now, but once they transition back to the office they will be looking for a candidate to work a hybrid onsite schedule in the office located near Langhorne, PA.

• Reviews regulatory requirements for applicability to operational units and documents compliance risks appropriately.
• Works closely with business partners and leadership, to revise and update the compliance risk and requirement library
• Answers day to day consumer compliance related requests and questions
• Works regulatory change management assigned items within the effective date timeframes.
• Works with the applicable areas to assess impact, assign ownership, review and approve management action plans, approve amended policies, procedures, job aides, training, changes risk control self-assessments, and QC testing questions and parameters.
• Performs surveillance over key operational and risk reports, including complaint management that details noncompliance or the risk of noncompliance.
• Perform analysis on these reports looking for red flags to determine where to perform deeper dives or analysis to detect potential systemic issues
• Reviews enforcement actions, regulatory bulletins, and supervisory announcements to identify emerging regulatory risks, and advises other internal stakeholders and industry SME’s regarding such risks
• Executes the assigned Compliance Testing within the timeframe outlined in the Compliance Monitoring and Testing Schedule
• Works with the Business Control Manager and applicable Business Line Management team ensuring all testing results are properly vetted

• Works with various software tools including SQL, Access Databases, Visual Basic, Visio, Monarch, Tableau, Cenbase (an internal reporting system), Black Knight (MSP), etc.
• Prepares validation reports by collecting, analyzing, and summarizing data and trends for the pre-defined KRIs/KPIs
• Partners in developing Key Metrics used to monitor Business Compliance Risk and drive process efficiencies within the first line of defense.
• Performs ad-hoc data queries or reports at the request of management
• Partners with Technology team on monthly build and output of Key Risk/Performance Indicators and provide support to Compliance and Business when modifications to the underlying criteria/logic are needed
• Provides technical support to Compliance Management on various initiatives and projects.
• Partners with stakeholders to document data sources, various requirements, and other key information
• Provides subject matter expertise for analytical based processes within team

• 2-3 years of experience in compliance in mortgage banking compliance or mortgage lending/ servicing compliance
• 2-3 years of experience using various software tools including SQL, Access Databases, Visual basic, Visio, Monarch, Tableau etc
• Must have a compliance, risk, audit background
• Must have proficency in Excel, Word, Powerpoint, and working knowledge of Sharepoint.
• Aptitude to learn new tools- GRC related and BlackKnight would be a plus
• Strong understanding of regulatory processes, operations and activities, and requirements of a mortgage servicing company
• Certified Regulatory Compliance Manager (CRCM) Certification is a plus
• The successful candidate for this position must be able to build effective relationships with a proven ability to build trust and credibility through strong interpersonal skills, communications, actions, and presence
• Strong knowledge of compliance risk management concepts, data, frameworks, systems, methods, and good governance practice
• Strong analytical skills
• Ability to work independently
• Strong ability to multi-task
• Excellent collaborative skills demonstrated through ownership of issues seen through to resolution, providing sound guidance to others, and positively influencing organizational culture
• Excellent leadership skills demonstrated through ownership of issues seen through to resolution, providing sound guidance to others, and positively influencing organizational culture
• Outstanding communication skills, both oral and written, and the ability to communicate clearly