Regulatory Compliance Technical Analyst

Company: FlagStar Bank
Location: Troy
Posted on: January 12, 2021

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. The Regulatory Compliance Technical Analyst reports to the Compliance Partner Program Manager and is responsible for assisting in the maintenance and administration of the various Compliance Management Program tools (e.g., Compliance approval reviews and assessments, Regulatory Change Management, Compliance Risk Assessments, Compliance Training, Complaint Monitoring, New Activities, Vendor reviews, etc.) that are used to assist the business units in achieving and maintaining compliance with consumer protection laws and regulations. This position will be an integral part of ensuring an effective Compliance Management Program is in place by providing technical support within the Regulatory Compliance Department and will be an integral part of the company's overall risk management strategy.This position will assist in development and maintenance of processes and workflows for the Compliance Management Program. Duties include but are not limited to:* Compliance Approval Process (CAP)-Assist in monitoring, tracking, and assigning CAP requests* Regulatory Change-Assist in updates and validation* Consumer Compliance Risk Assessment (CCRA) and Fair lending Risk Assessment (FLRA)* Assist in administration of the CCRA and ongoing maintenance* Complete risk register updates such as control changes, issue mapping, control ratings, testing mapping, etc.* Maintain Enterprise workbook and roll-up rating methodology documentation* Help prepare draft Management Committee presentations* Assist with completion of the FLRA* Compliance Training program* Consumer Compliance Issues Management* Assist in review of Regulatory Compliance identified issues for consistency with departmental guidelines* Assist in issue entry/updates/closure including maintenance of adequate closure validation* Vendor reviews:* Assist in process administration and tracking (work in process log maintenance)* Assist in document gathering, assessment, and RC Vendor review work paper completion* Assist in risk register updates* New Activities and change* Assist in process or product change UAT validation review or new activities reviews* Could this Happen at Flagstar; ad hoc assessments such as CFPB supervisory highlights review* Marketing Reviews-Assist in process and marketing grid maintenance* Complaint Monitoring data mining* Assist in supporting operational duties of the Regulatory Compliance department including:* Preparation/reporting for the Management Compliance Committee and Board/Compliance Risk Committee* Policies and Procedures:* Assist in maintaining/updating Regulatory Compliance policies* As assigned, assist in maintaining Regulatory Compliance department procedures* As assigned, help complete Partner ad hoc testing or validation (e.g. CAP validation, Issue closure validation)Help support the technical needs of the Regulatory Compliance Department* General technical support and assistance (e.g. excel questions, use of tools such as the risk register, etc.)* Help enhance "processes" and "tools" "procedures" "job aides" etc. including spreadsheets/developing macros, building databases, implementing workflow software (e.g., SharePoint), enhancing reporting, etc. * Assist with executing elements of the Compliance Management Program* Identify populations for testing* Complaint data assessment* Sample selection queries* Audit Command Language "ACL"* Helping to support HMDA validation, etc.* Communicate and collaborate with Regulatory Compliance department to ensure assigned processes are performed appropriately, accurately, and within established SLAs.* Develop and conduct training and communications for applicable Regulatory Compliance personnel with respect to the supported "processes" and "tools" "procedures" "job aides" etc. Other duties* Complete all required compliance training* Maintain knowledge of, and adhere to, Flagstar's internal compliance policies and procedures* Maintain knowledge of changing consumer compliance regulations* Develop working awareness of BU processes and applicable consumer compliance laws and regulations* Ensure compliance with applicable federal, state and local laws and regulations* Perform other duties and special projects as assignedEnsures 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. Job Requirements:* HS Diploma, GED or Foreign Equivalent Required* Bachelors Degree Preferred with Field of Study (Business Administration, Finance, Accounting, Law, Information Technology or related field).* Advanced PC systems skills including proficiency with Microsoft Word, Excel, PowerPoint and other reporting systems.* Minimum 5+ years technical experience in development/maintenance of databases/systems or related technical experience* 5+ years developing and maintaining databases/systems or related technical experience* Experienced with either Regulatory Compliance, Risk, Information Technology, Internal Audit, or consulting firm with a regulatory compliance focus* Experience building/developing processes/workflows in various systems/software (e.g., SharePoint)* Experience with data analytics and query/report development* Knowledge of consumer protection laws and regulations impacting financial institutions* Task Management-Able to manage and execute multiple projects within required timelines and expectations* Ability to work independently in a continuously changing environment* Conceptual thinking and analytical skills* Strong Microsoft Excel skills (pivot tables, macros, etc.)* Inquisitive, resourceful, and able to seek out information and develop recommendations* Verbal and written communication skills, including report writing, oral presentations, group facilitation skills, etc.* Demonstrated technical proficiency* Ability to develop and maintain professional relationships* Proven ability to partner effectively across all levels of the organizationInternal Use Only: Band F

Keywords: FlagStar Bank, Troy , Regulatory Compliance Technical Analyst, Professions , Troy, Michigan