Community Inclusion Advisor
Company: Flagstar Bank
Location: New York
Posted on: May 8, 2024
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Job Description:
Regulatory Compliance is responsible for developing and
maintaining a Compliance Management Program for the Bank that
reasonably ensures compliance with consumer protection laws and
regulations, addresses associated risks of harm to consumers and
customers, and integrates consumer compliance into the day-to-day
responsibilities of its management and employees. This visible role
works with business unit risk partners to support the Compliance
Management Program. The Compliance Advisor will maintain broad and
deep knowledge of assigned business unit processes and the consumer
protection laws and regulations that pertain to them, serve as the
subject matter expert to the assigned business unit on consumer
protection matters, and assist the business unit(s) in reasonably
ensuring compliance with the applicable consumer protection laws
and regulations. This position will serve a vital role in the
Regulatory Compliance Department and will be an integral part of
the company's overall risk management strategy.
Maintain close contact with assigned BUs to keep apprised of
objectives, strategy, new initiatives, emerging issues/risks; Stay
abreast of BU processes and applicable consumer compliance laws and
regulations; Provide advice, counsel and recommendations to BUs on
consumer compliance questions/issues
Periodically review policies and procedures (especially changes) to
ensure they meet regulatory requirements
Assist in developing and implementing action plans to comply with
any new/revised consumer compliance laws and regulations
Work with BU and Compliance Assurance Manager to develop BU annual
testing plan
Review new and existing vendors for potential compliance
concerns
Prepare risk assessments
Monitor various indicators of risk - KRIs, QC results, Compliance
Testing results, ERM Issue Management Report, complaints, risk
assessment results, etc. to identify weaknesses and assist in
remediating
Complete all required compliance training; maintain knowledge of
Flagstar policies and procedures; maintain compliance policies and
procedures
Performs special projects, and additional duties and
responsibilities as required.
Consistently adheres to regulatory and compliance policies and
standards linked to the job as listed and complete required
compliance trainings. Accountable to maintain compliance with
applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Education level required: Undergraduate Degree (4 years or
equivalent) in Business Administration, Finance, Accounting, Law or
related field, or equivalent work experience.
Minimum experience required: 5+ Years of experience in a financial
institution, auditing firm, or consulting firm with a regulatory
compliance focus.
Regulatory Compliance, Risk or Internal audit experience; bank
operations experience in mortgage originations, mortgage servicing,
community banking, etc. Knowledge of consumer protection laws and
regulations impacting a financial institution.
Preferred Qualifications:
Advanced PC systems skills including proficiency with Microsoft
Word, Excel, PowerPoint and other reporting systems.
CRCM Preferred
Job Competencies:
Ensures compliance with applicable federal, state and local laws
and regulations. Completes all required compliance training.
Maintains knowledge of and adhere to Flagstar's internal compliance
policies and procedures. Takes responsibility to keep up to date
with changing regulations and policies.
Understands the importance or relationships to enable effective
teamwork. Modifies personal style, focuses on the needs of others,
and listens effectively to ensure effective outcomes for group
endeavors. (Insert knowledge/skills/abilities required)
Takes a dynamic approach to work characterized by initiating
decisions and actions. Concentrates on achieving the outcomes of a
process or project while adhering to the overall strategy of the
organization. Creates a culture of accountability and
performance.
Demonstrates attributes of ethical behaviors, high personal
standards, and sound work ethic all employers should expect of
employees. Consistently treats others with respect and
understanding. Responds in a timely manner to all customers and
co-workers.
Minimal Travel
Physical demands (ADA): No unusual physical exertion is
involved.
Keywords: Flagstar Bank, West New York , Community Inclusion Advisor, Accounting, Auditing , New York, New Jersey
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