Bank Compliance - Mortgage Advisory

Morgan Stanley; Dallas (TX); On-site; USD 108,000 - 162,000; Full time

Job summary

Morgan Stanley seeks a Lending Advisory Compliance Officer in U.S. Banks Non-Financial Risk to lead compliance activities for residential mortgage lending.

The role sits in Legal & Compliance at VP level, partnering with Mortgage Division to provide regulatory guidance and ensure policy alignment with evolving laws. Key duties include advising on federal/state mortgage regulations, updating training, and overseeing HMDA processes, with a global firm focus and transition of work location to

Qualifications

• Bachelor's degree required.
• CRCM; MBA or JD from an accredited school desired.
• 8+ years' experience in regulatory compliance within residential mortgage lending space or related consumer compliance controls.

Responsibilities

• Provide regulatory advice to the residential mortgage lending division and ensure compliance with federal and state laws (e.g., TILA, RESPA, HMDA, TRID, FCRA).
• Update bank policies and procedures in response to regulatory changes.
• Manage HMDA-related activities, including HMDA LAR submission and training curriculum updates.

Skills

Regulatory compliance

Project management

Communication skills

Research skills

MS Office proficiency

Education

Bachelor's degree

CRCM

MBA or JD

Tools

Microsoft Word

Excel

SharePoint

PowerPoint

Job description

We're seeking someone to join our team as a Lending Advisory Compliance Officer in U.S. Banks Non-Financial Risk to lead all compliance activities and affairs of residential mortgage lending.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Vice President level position within the Consumer Banking & Lending team responsible for providing regulatory advice, guidance and support to our business partners in the Mortgage Division.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Serve as business partner to the residential mortgage lending division providing compliance advice and guidance on controls to satisfy federal and state regulatory requirements, including but not limited to TILA, RESPA, ECOA, HMDA, TRID, Fair Lending laws, FCRA, Privacy laws, FDPA, SCRA, etc.
• Work with the mortgage division impacted by changing laws, regulations and/or policies to ensure awareness and that bank policies and procedures are updated as appropriate to comply with the changes.
• Responsible for ad-hoc reviews isolated to specific issues or potential issues identified by our business partners, testing, monthly compliance QA reviews.
• Serve as subject matter expert (SME) for the review and update of MSPBNA policies and procedures on an annual basis in accordance with the Annual Compliance Plan or on an as needed basis based on Regulatory changes.
• Responsible for day-to-day management of the HMDA team in Mumbai
• Point of contact for the mortgage business and TL regarding the resolution of HMDA exceptions that were noted during loan file reviews.
• Responsible for the annual submission of the HMDA LAR.
• Responsible for annual review and updates of mortgage specific training curriculum.
• Responsible for assisting in the gathering and validation of mortgage loan documentation related to internal audits or external regulatory examination requests.
• Responsible for mortgage loan origination system enhancements - assist by offering guidance from a compliance perspective and completing necessary testing in lower environments prior to launch in the production environment
• Assume responsibility for special projects and prepare reports for senior management

What you'll bring to the role:

• Bachelor's degree required
• CRCM; MBA or JD from an accredited school desired.
• 8+ years' experience in regulatory compliance within the residential mortgage lending space or in combination with experience applying consumer compliance controls at the residential business unit level.
• Excellent oral and written communication skills
• Expert in managing multiple projects and deliverables at the same time
• Proficient in all pertinent Federal and State residential mortgage-related laws, regulations, rules and official guidance applicable to a National Bank.
• Nimble at performing research in response to questions raised by business partners Bank Compliance supports.
• Excellent computer skills, specifically Microsoft Word, Excel, SharePoint and PowerPoint
• A self-starter with strong work ethic and drive
• Strong sense of integrity and ethical leadership
• Strong team-orientation

Please note that the location listed for this role is temporary. The position’s work location will transition to 1445 Ross Ave, Dallas, TX 75202 at a future date. In-Person interviews will be required for the role.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committingto diversityand inclusion, and givingback - aren’tjustbeliefs,they guidethe decisions we make every day to dowhat’s bestforourclients,communitiesandmorethan80,000employeesin1,200 offices across42countries. AtMorgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $108,000 and $162,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.