Regulatory Compliance Specialist at Boston

Job Description

Regulatory Compliance Specialist

MassHousing

Boston, MA

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 supporting training efforts, as needed. Under the direction of the Risk & Regulatory Compliance Manager, conduct 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 all 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. 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.

Job Requirements

Qualifications:

• BS/BA degree or equivalent experience required. Compliance 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. Solid knowledge of state and federal laws affecting the residential mortgage banking industry.
• Extensive knowledge of mortgage banking operations.
• Exposure to Fair Lending, Dodd-Frank Act, TILA, RESPA is highly desirable.
• Excellent writing skills and the ability to communicate technical 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 617.854.1027, or email to [Click Here to Email Your Resum].

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PI67460734
Country: USA, State: Massachusetts, City: Boston, Company: MassHousing.