Compliance Manager Job in Columbus 43085, Ohio Us
Status:Full Time, Employee
Job Ref Code:110092270
Job Location:Columbus, OH 43085
Compliance Manager - Located in Columbus, OH
The Legal and Compliance Department of JPMorgan Chase Co is responsible for the provision of legal and compliance services to the Corporation. The Department is organized by Practice Groups that conform to the organization of the Firm's lines of business (LOBs) and corporate staff areas, allowing the legal and compliance staff to work closely with specific groups on a daily basis. Each line of business has an LOB General Counsel, who is the Practice Group Head and who reports to the Firm's General Counsel. The primary function of the Mortgage Banking Legal and Compliance Practice Group is to provide both transactional and strategic legal and compliance support to the various Mortgage Banking businesses. The Compliance team will work with the Legal Department to understand the rules and regulations, and will then work with the business managers, Operational Risk, Training and Technology to ensure that the existing and emerging rules are effectively built into the control environment.
The Compliance Manager works in partnership with Sr. Compliance Manager and Sr. Compliance Officers and with the line of business to manage compliance risk for Mortgage Banking Servicing while at the same time supporting business initiatives, including large scale strategic initiatives, while providing day-to-day Compliance support.
Functional Responsibilities:
- Functions as strategic lead for Regulatory Compliance and business initiatives involving all federal regulatory requirements relative to Servicing including but not limited to: FCRA/FACT Act, Unfair and Deceptive Acts and Practices (UDAP), Privacy (Reg P), RESPA, SCRA, Flood Disaster Protection Laws, MHA/HAMP Program, FDCPA, and Homeowner's Protection Act.
- Interprets federal regulatory compliance statutes and regulations and analyzes their impact on existing policy and business practices. Assesses and ranks compliance risk relative to all federal compliance regulations, taking into account the potential civil penalties, reputation risk, regulatory risk, scope, and potential for non-compliance.
- Analyzes new federal and state laws and regulations and determines and communicates impacts to business partners.
- Analyzes and manages compliance risks associated with all business initiatives, taking into account the potential penalties, various risks, scope and potential for non-compliance. Reviews and assesses the adequacy of system specifications, operating procedures, workflows, and training materials. Provides the final Compliance approval necessary before any new business initiative can be implemented. Actively partners with business on all strategic initiatives to provide constructive compliance advice, influence the process and development of the project and find creative ways for the business to meet its goals and objectives without compromising compliance controls.
- Works with Exam Management team to assist in the coordination of agency related examination requests for material (OCC, CFPB, etc.) including initial review of examination materials to ensure information is complete and accurate.
- Assists compliance testing team as necessary with development and tracking of corrective action plans related to compliance (OCC, CFPB and internal audits) and with the development of action plans tracking for issues identified in compliance testing and reviews.
- Monitors internal audits conducted that have direct compliance impacts, including tracking any compliance specific action items developed based on audit findings.
- Maintains the Compliance Projects and Issues Database (CPID) for tracking projects, external examination and internal audit findings, and action plans identified through specific compliance testing and reviews and completes other management reporting as required.
- Assists as necessary with the completion of annual compliance self assessments, including updating as applicable Compliance Assessment Testing and Tracking System (CATTS).
- Handles special projects as assigned by Sr. Compliance Manager.
Work Experience / Knowledge
Bachelors Degree or equivalent work experience including previous seasoned and diverse experience and/or knowledge of regulatory compliance regulations/requirements. Mortgage Banking/Servicing and Regulatory Compliance experience (7 - 10 years experience) and 5 - 7 years management/project management experience.
Extensive, direct knowledge of federal laws and regulations governing the residential mortgage, home equity and manufactured housing industry (FCRA/FACT Act, Unfair and Deceptive Acts and Practices (UDAP), Privacy (Reg P), RESPA, SCRA, Flood Disaster Protection Laws, MHA/HAMP Program, FDCPA, and Homeowner's Protection Act) including proven ability to apply these requirements to business practices and systems and identify and assess compliance risks.
Skills
Ability to manage numerous high risk / high profile projects and confidential and sensitive information in a professional manner. Strong analytical skills, self-motivated and able to work independently under minimal supervision. Must possess the ability to comprehend and interpret the law and apply it to a wide variety of situations. Excellent verbal and written communication, as well as client management, negotiation, and interpersonal skills. Experience working in a fast-paced environment Strong working knowledge of all Microsoft applications (Word, Excel, and PowerPoint). Strong organizational skills and time management skills.
Strong management/project management experience (5-7 years), including ability to hire, train, motivate, development, coach and counsel professional exempt level staff.
Problem Solving
This position actively engages in the direct resolution of non-routine, significant and complex problems of a high-risk nature, and assists staff with the same. As compliance issues are identified, manager must quickly accumulate all relevant facts and data, analyze and recommend effective solutions that present minimal risks and ensure staff do the same.
Risk/Bottom line results
This position actively participates in the identification and resolution of significant risk issues that involve penalties for non-compliance, regulatory sanctions, and reputation risk.
Federal compliance knowledge
This position requires extensive working knowledge of federal compliance laws and regulations governing the residential mortgage, home equity and manufacturing housing industry including the high risk subprime lending business.
Client Skills
Strong client management, negotiation and interpersonal skills are mandatory.
Types of relationships
All levels of management inside and outside Mortgage Banking, including support staff, attorneys, compliance department members and managers, Internal Audit Department, Operations Risk Management, Quality Assurance, regulators, consultants, and external auditors. This individual will routinely interact with business managers including senior management at the VP and SVP levels.
JPMorgan ChaseCo. is an Equal Opportunity and Affirmative Action Employer, M/F/D/V
JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.