Real Estate Investor and Regulatory Risk Consultant
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
For this opportunity, Truist will not sponsor an applicant for work visa status or employment authorization, nor will we offer any immigration-related support for this position (including, but not limited to H-1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN-1 or TN-2, E-3, O-1, or future sponsorship for U.S. lawful permanent residence status).If located in a Truist hub city location, the work style will be: In Office (5 days/week).
Responsible for conducting and directing compliance risk oversight and Regulatory and Investor Change Management impact assessments of assigned business units and/or functions. Supports compliance risk management activities such as review of bulletins, control execution (i.e. Letter reviews) and completion of questionnaires (i.e. Privacy, BSA/AML) to reasonably ensure compliance with the Enterprise Compliance Management Policy and Framework.
Serve as the subject matter expert on regulatory and investor changes impacting Real Estate Lending (REL), Home Equity (HELOC) and Mortgage Servicing. Analyze, evaluate, and partner with REL to execute compliant processes and controls while considering the inherent and residual risks.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Maintain superior knowledge, in-depth understanding and practical application of past, current and emerging compliance regulations, investor/insurer guidelines, and state laws and how they impact REL processes.
2. Analyze, evaluate, and communicate all impacts from new/updated federal regulations, investor/insurer guidelines, and state laws to REL management, as appropriate.
3. Analyze existing processes and procedures to determine gaps.
4. Maintain good working relationships with REL and partner between Corporate Compliance, Legal and REL Business/Process Owners.
5. Provide regulatory guidance in the planning, developing, and executing of compliance impacted processes
6. Research, provide effective challenge, obtain clarity, track, and analyze questions received from REL that pertain to the Federal regulations, State laws, and Investor/Insurer guidelines.
7. Maintain and/or update various team and REL specific procedure documents annually.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Eight+ years of consumer mortgage industry experience focusing on regulatory compliance in mortgage origination, mortgage servicing, mortgage default, risk management, audit and/or regulatory agency compliance experience with a focus on consumer mortgage lending compliance
2. Bachelor's degree in business, law or equivalent education or industry Compliance certifications (i.e. CRCM) or related training including but not limited to work experience.
3. Ability to assist and provide guidance to department management to ensure processes and controls are implemented and effective.
4. Must have a compliance risk background and possess a strong understanding of the relationship between the consumer Federal regulations, Investor/Insurer guidelines, and State laws impact on Mortgage processes.
5. Must be able to analyze regulatory and investor changes and the impact those changes have on the various departments within Mortgage.
6. Must have the ability to work with management within the organization to provide feedback on risk trends and work together to identify and implement risk mitigation strategies.
7. Must exhibit a keen attention to detail and the ability to quickly comprehend information.
8. Extensive knowledge of Microsoft Office (i.e. - Excel, Power Point, Word, Visio).
9. Ability to manage multiple tasks/projects and deadlines simultaneously.
10. Excellent interpersonal, verbal and written communication skills.
11. Excellent organizational, managerial and project management skills
12. Requires minimal direct supervision.
Preferred Qualifications:
1. CRCM or supplemental education and/or experience in consumer compliance in mortgage origination underwriting, mortgage servicing, and mortgage default, including audit, and/or regulatory compliance.
2. Knowledge of the origination system (e.g. Empower) and overall mortgage origination processes (Sales, Processing, Underwriting, and Closing).
3. Knowledge of operation functions, systems, policies and procedures for closed-end mortgage originations.
4. Extensive knowledge of TRID/Reg Z, investor/insurers guidelines (e.g.Fannie Mae, Freddie Mac, FHA, VA, USDA) and state laws.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truistoffers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.