AVP, Governance and Assurance - Northbrook, IL at Wintrust Financial Corporation in Northbrook, Illinois

Job Description:

As one of the largest premium finance companies in the country, FIRST Insurance Funding provides full premium finance services, plus additional services built specifically for agencies. We pride ourselves on the variety of incentive programs, services, and technology we offer. This not only helps grow the agents, brokers, and companies we partner with, but also helps them better serve their clients. FIRST Insurance Funding is a subsidiary of Wintrust, a financial services company with more than $45 billion in assets.

The AVP, Governance and Assurance is responsible for monitoring and coordinating compliance activities of First Insurance Funding at the direction of the SVP of Governance & Assurance and coordinating and responding to requests from Wintrust Compliance, monitoring BSA activity and managing a team of CRA and Quality Assurance representatives.

• Timely, accurate, and effective completion of FIRST’s CRA Self-Assessment and Performance Context, and monthly CRA reports.




• Identifies and communicates compliance deficiencies and potential problems to management; coordinates with and provides assistance to management in developing and implementing corrective action to resolve identified problems. Tracks all issues requiring corrective action and follows up to ensure corrective action has been taken.




• Assists in the compliance self-assessment (audit) program to determine and maintain compliance with all applicable laws, rules and regulations. Assists in coordinating responses to audit issues to ensure appropriate corrective action is taken, performs follow up to assure corrective action was taken.




• Oversee or conducts BSA research tasks on a daily monthly or as needed basis.




• Conduct with the assistance of the team the monthly pre-funding, post-funding and loan servicing quality control testing and compile resulting reports.




• Monitor, track and follow up on quality control audit findings based on established methodology.




• Assist in the process management and research for special investigations




• Ensure adherence to the department’s policy and procedure.




• Appropriate tracking of complaints, along with effective root cause and trending analysis.




• Assist in timely, accurate and thorough exam preparation as well as successful management of the exam process.



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  General Leadership/Management Responsibilities and Expectations:

  
  
  
  

  • Expected to be a leader who works alongside their team to execute individual and team goals

  
  

  • Partner with Senior Management to facilitate and lead team, department, and/or company goals

  
  

  • Attend intracompany meetings to represent Governance and Assurance interests, provide updates or relay information back to the team/department

  
  

  • Monitor & assess team workload needs; ensure that resources are available to team to effectively meet service expectations and provide quality work product

  
  

  • Recommend changes to procedure or system functionality that meet policy requirements and improve efficiency

  
  

  • Manage the cross-training process and operate as a back up to team members when necessary

  
  

  • Willingness to adjust work hours due to business needs

  
  

  • Facilitate training of employees when new processes, regulations, technology or procedures are introduced, or as needed.

  
  

  • Maintain staff timekeeping records & approve time off requests

  
  

  • Follow up on companywide Compliance training completion

  
  

  • Facilitate coaching plans & meetings aimed at staff development and/or performance improvement

  
  
  
  

Qualifications

• Minimum 3 years of experience


• Bachelor's degree preferred

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, citizenship status, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.