Senior Compliance Officer

Western Alliance Bank; United States; On-site; USD 120,000 - 180,000; Full time

Job summary

Western Alliance Bank in Westlake Village, CA seeks a Senior Compliance Officer in the Second Line of Defense to review information and ensure processes align with internal policy and regulations. You will support the Compliance Management System (CMS) and mortgage servicing oversight.

The role involves advising on bank policies, risk assessments, policy review, controls evaluation, issue management, data management, and reporting to management and risk committees; must be able to communicate

Qualifications

• 2 years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field.
• Intermediate knowledge of banking operations and mortgage servicing processes.
• Experience with mortgage servicing compliance programs preferred.

Responsibilities

• Review and analyze information to determine compliance with internal policy or regulations.
• Provide guidance on risk assessments, policy and procedure reviews, and controls evaluation.
• Develop and support the Compliance Management System (CMS) and incident reporting.
• Communicate results and recommendations to management and risk committees.

Skills

Regulatory compliance

Risk management

Internal audit

Education

Bachelor's degree in related field

Job description

Job Title: Senior Compliance Officer Location: CA - Westlake Village

As a Senior Compliance Officer in the Second Line of Defense, you'll review and analyze information, reports or data to determine if the applicable process is in compliance with internal policy or regulations and provide effective challenge to the business where applicable. You'll assist management with development, maintenance, and support of the Compliance Management System (CMS), particularly related to mortgage servicing related compliance oversight. In this role you'll provide subject matter advice, oversight, and guidance on applicable bank policies, compliance interpretation, risk assessments, issue management, policy and procedure review, controls evaluation, exam management, data management, and other risk mitigation activities. You'll collaborate with all lines of defense departments to support adherence to regulatory commitments and the development of enhanced monitoring and controls to mitigate compliance risk. Interpret and effectively communicate compliance management information, identify the root cause(s) of potential compliance risk, provide advice on addressing risk and strengthening controls, as well as provide periodic reports to management. Monitor the progress of compliance issues, analyze risk mitigation strategies and tactics, and validate effectiveness of corrective action plans by the line of business. Identify opportunities for improvement in the design and effectiveness of compliance controls as appropriate for first line business units, issue final reports and communicate results in writing to first line management or risk committees.

What you ll need:

2 years of related experience in Regulatory Compliance, Risk Management, Internal Audit or similar field; experience with mortgage servicing compliance programs preferred. High school diploma required; Bachelor s degree in related field preferred. Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services; experience with mortgage servicing related processes including default and non-default and subservicing oversight preferred. Intermediate knowledge of applicable mortgage servicing-related regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Intermediate understanding of MS Office. Intermediate ability to foster and build