Compliance Analyst

Axos Bank

Target Range:

$66,560.00/Yr. - $70,000.00/Yr.

Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.

Eligible for an Annual Discretionary Cash Bonus Target: 10%

Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%

These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

Conduct compliance risk assessments, quality assurance reviews, compliance monitoring processes, and company-wide compliance training, covering high risk activities. Support business units compliance, marketing requests and regulatory change management and other duties as assigned.

Responsibilities:

Compliance Programs:

• Conducts compliance reviews, scheduled loan level documentation, transactional testing, risk assessments on lending products and services through focused and random sample basis.

• Participates in touchpoint meetings with business unit leaders and communicate regulatory change management.

• Evaluates vendor agreements and related documents and provides written assessment of potential regulatory impact and recommendations.

• Reviews marketing campaigns, disclosures, new products, and general regulatory questions.

• Performs QA continuous monitoring of regulatory compliance through the data driven compliance reporting processes.

• Evaluates process maps, procedures, policies, and management directives for accuracy and completeness.

• Prepares written report for Department Manager detailing observations and recommendations for corrections.

• Facilitates and leads discussions with Business Unit Managers and Senior Leadership as it pertains to Quality Control review results.

• Works with affected business units to accomplish remediation and appropriate training as required.

• Participates in the continual review and improvement of Quality Control oversight programs for lending products offered by the Bank.

• Continually coordinates with Department Manager and other team members his/her ideas and recommendations for enhancement of areas that cover all regulations affecting credit products.

•  Other duties as assigned.

Analyzing:

• Reviews proposed vendor engagements, operating agreements, policies and procedures, and marketing collateral to identify areas of potential regulatory impact and compliance with applicable regulations, statutes, agency guidance, and best practices.

• Analyzes published business unit policies, procedures, and forms to ensure accuracy and alignment with current investor guidelines and requirements.

• Consults with Government and Agency investors, vendors, legal counsel and Axos Lending Compliance department, as needed.

Regulatory Support:

• Supports Bank's efforts on all corporate compliance audits and Agency compliance examinations, including advance preparation, coordination of all information gathering between business units during the audit/exam and remediation actions.

Requirements:

• 3+ years' experience in banking/mortgage banking/audit/regulatory compliance.

• 1+ years of Consumer Lending Underwriting experience.

• Law firm or in-house experience reviewing legal documents.

• Experience at loan level documentation review and transaction analysis.

Knowledge Requirements:

• Understanding of all lending compliance regulations.

• Understanding of banking regulatory, audit and compliance programs for deposit compliance as it relates to federally regulated banks.

• Strong knowledge of loan processing workflow and credit underwriting principals, and ability to apply critical thinking techniques to department audits.

• Knowledge of all lending related regulations.

• Ability to identify and define problems with documentation, loan origination systems, internal processes and procedures; research and analyze information and various situations relating to data management issues.

• Must be flexible, able to work on multiple projects that may require restructuring due to shifting demands and changing priorities within a multi-billion dollar bank.

• Deep understanding of FNMA, FHLMC, FHA, VA and investor guidelines.

• Exhibit high levels of attention to detail.

• Must be able to recommend alternatives or solutions.

• Strong verbal and written communication skills to include presentation skills.