Compliance Assurance Specialist
Flagstar Bank FSB

Troy, Michigan

Posted in Banking


This job has expired.

Job Info


Job Summary
The Compliance Assurance Specialist performs monitoring and testing to ensure that consumer impacting business units are in compliance with applicable consumer laws and regulations.

This position will be Hybrid (50% work at Troy, MI HQ and 50% work from home Michigan).

Job Responsibilities:

  • Establish the scope, objectives, sampling methodology, and test scripts for each compliance test (includes Fair Lending)
  • Schedule and participate in entrance and exit meetings with business unit leaders for each compliance test
  • Perform compliance tests
  • Prepare "Compliance Review Report" that summarizes results, findings and recommendations for affecting control improvements
  • Obtain management action plans with respect to any findings
  • Document findings and management action plans in the ERM Issue Management report; follow-up to ensure timely completion; validate closure
  • Special projects
  • 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.

Job Requirements:
  • Bachelors Degree in Business Administration, Finance, Accounting, Law, or related field preferred or comparable work experience
  • Certified Regulatory Compliance Manager (CRCM) Preferred
  • Specialized Training: Compliance Testing/Internal Audit preferred
  • 5+ years of experience in a financial institution, auditing firm, or consulting firm with a regulatory compliance focus
  • Regulatory Compliance or Internal Audit experience
  • Bank operations experience in mortgage originations, mortgage servicing, community banking, etc.
  • knowledge of consumer protection laws and regulations impacting financial institutions
  • Good organization and communication skills
  • Demonstrated ability to focus and execute completion on complex matters.
  • Ability to manage and provide compliance related oversight to multiple business lines.
  • Travel: Minimal

Internal Use Only: Band F


This job has expired.

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