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Compliance Program Analyst at PennyMac in Fort Worth, Texas

Posted in Other 30+ days ago.

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Job Description:

The Compliance Program Analyst assists in ensuring the assigned PNMAC Servicing business unit(s) is in compliance with mortgage servicing industry laws and regulations related to Treasury (HAMP/HAFA), GSE, VA, FHA, State, CFPB, etc. Responsible for implementing new and updated regulations and investor requirements; assessing the impact to written, automated and manual policies and procedures.

Job Description
  • Provides guidance to business units for Regulatory Updates and Policy & Procedure updates on behalf of assigned Servicing business unit(s). Maintain and update various logs and project plans to meet departmental requirements.
  • Regulatory Updates:
  • Ensure proper communication and implementation of laws and regulations related to Treasury (HAMP/HAFA), GSE, VA, FHA, State, and CFPB. Provide guidance to Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, flow charts, reference guides, forms, technology and operations needed to properly service loans
  • Work with the Servicing Compliance Program Manager and Quality Assurance team to identify new or changed regulatory requirements and assess impact
  • Audits and Exams:
  • Ensure that Servicing Compliance Program Manager is apprised of the results of all QA and QC results on a regular basis and are advised in a timely fashion of any critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s)
  • Assist in reviewing line of business rebuttals to exceptions and determining final loan or process level remediation. Work with the QA team and business unit management to develop efficient and effective solutions and action plans to address findings and recommendations
  • Policy and Procedure Administration:
  • Ensure that the policies and procedures are updated and compliant with stated requirements.
  • Review published materials and recommend revisions or changes in scope, format, content and methods of publication.
  • Work with department management and process owners to help ensure departmental policies and procedures are created and/or current, complete and accurate
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values

Ideal Candidate will have the following:
  • Possess technical proficiency in regulatory compliance matters and regulations
  • Ability to analyze and assess risk based on potential impact to PNMAC for non compliance
  • Proficient in Word, Excel and Power Point
  • Must be highly proficient in Excel and Word
  • Must be a team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, mathematical skills and sound judgment
  • Financial Services and, if possible, mortgage industry experience preferred
  • Strong business acumen and ability to interface with executive management

Years of Experience: 5

Education: Bachelor's Degree