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Compliance Officer II - Mortgage Origination

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Cincinnati
  • Quick Apply

AI generated summary

  • You need a Bachelor's degree and 5+ years of Compliance Officer experience. Strong computer skills, knowledge of mortgage products, and understanding of regulations are crucial. Excellent communication and critical thinking skills are a must.
  • You will analyze lending policies, conduct interviews with managers, identify risks, recommend corrective actions, report findings to Senior Management, and stay updated on regulatory issues in Mortgage Origination compliance.

Requirements

  • Bachelor's degree or equivalent work experience required.
  • 5+ years’ experience as Officer or equivalent work experience.
  • Computer/Technical: Demonstrates working or functional proficiency sufficient to apply the use of software applications (Micro-Soft Office Suite) without assistance and minimal supervision.
  • Able to understand and conceptualize basic statistical analysis and theories. With solid experience in manipulating (validating, correcting, reformatting, and transforming) data into more than one format, (e.g. spreadsheets, flat files, databases, etc.).
  • Strong understanding of mortgage products.
  • Advanced understanding of consumer finance and of Fifth Third Banking products, business lines, Affiliate structure and operations, and Corporate support organization. Including, the bank's management teams and decision-making operations.
  • Strong understanding of the Federal Reserve and consumer financial Protection Bureau (CFPB) Examination standards and general Regulatory issuances.
  • Advanced understanding of the operations and interdependencies of the Affiliates and Bancorp.
  • Including back-office operations related to credit products.
  • Expertise understanding of fair lending and responsible banking laws and regulations and the technical requirements of the Community Reinvestment Act (CRA), Interagency fair lending, Examination Procedures (IFLEP) and the Interagency CRA Examination Procedures (IEP).
  • Excellent oral and written communication skills. Effectively communicates upward, downward and laterally. Displays a positive business presence with management and external contacts.
  • Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions.

Responsibilities

  • Participates in the analysis of lending policies and procedures, including scoring systems, strategic priorities, market share data, lending trends, external influences, current regulatory focuses, previous examination findings, and input from Audit and conducts interviews and discussions with managers at all levels to understand the lending process, lending guidelines and Technology platforms.
  • Analyzes data by numerous delivery channels, geographic area, product types, facility, and even employee or officer to identify risks and Develop and recommend scope or target for the Review, corrective action/or performance gap closure. Develops and executes strategies for closing gaps in performance.
  • Assess the adequacy of the business units'/affiliates recommended corrective action to the issues or gaps identified.
  • Develops and reports findings to Senior Management regarding their business lines (Legal, Audit, and Senior level Operating Committees).
  • Participates and/or Leads regular meetings with peers to Build and maintain knowledge of current and emerging issues and risk in the environment.
  • Recommends solutions based upon subject matter expertise to Regulatory Monitoring and Change management Program ownership.
  • Recommend protocols for compliance testing.
  • Contribute updates to the compliance risk assessment.
  • Support post-implementation validation based on risk rating.
  • Reviews reporting from the Councils for use by the Regulatory Change management Committee.
  • Areas of responsibility and accountability within compliance Include: consumer, commercial, Wealth & asset management, testing & practices, financial Crimes and all other relevant and applicable laws and regulations.

FAQs

What are the primary responsibilities of a Compliance Officer II - Mortgage Origination?

The primary responsibilities include leading in the identification and assessment of risks related to Fair Lending, Responsible Banking, and CRA, executing procedures to evaluate compliance with laws and regulations, developing and executing strategies to close performance gaps, analyzing lending policies and procedures, conducting interviews and discussions with managers, recommending corrective actions, reporting findings to senior management, participating in meetings to stay informed on current issues, recommending solutions based on expertise, and contributing to compliance risk assessment and validation.

What qualifications are required for the Compliance Officer II - Mortgage Origination position?

Qualifications include a Bachelor's degree or equivalent work experience, at least 5 years of experience in an Officer role or equivalent, proficiency in Microsoft Office Suite, ability to understand statistical analysis and data manipulation, strong understanding of mortgage products, consumer finance, banking products, regulatory standards, and back-office operations related to credit products, expertise in fair lending and responsible banking laws, excellent communication skills, and sound judgment in developing solutions.

How does a Compliance Officer II - Mortgage Origination contribute to risk management at Fifth Third Bank?

A Compliance Officer II identifies and assesses risks related to compliance with laws and regulations, develops strategies to close performance gaps, recommends corrective actions, reports findings to senior management, participates in meetings to stay informed on current issues, recommends solutions based on expertise, contributes to compliance risk assessment, and supports post-implementation validation. By actively managing risks and ensuring compliance, the Compliance Officer II plays a crucial role in risk management at Fifth Third Bank.

Finance
Industry
10,001+
Employees

Mission & Purpose

At Fifth Third Bank, everything we do is rooted in our purpose: to improve the lives of our customers and the well-being of our communities. Since our founding in 1858, we’ve been committed to creating a better financial experience by empowering our customers and clients to achieve what matters most. Our unified strength is grounded in the individual passion and diversity of more than 20,000 employees who work collaboratively to deliver a better tomorrow to everyone we serve. We offer a strong culture, opportunities for growth 401k match, wellness options, comprehensive insurance plans and additional resources you need to build a lasting and rewarding career path here. Headquartered in Cincinnati, Ohio, we are among the largest money managers in the Midwest. We operate four main businesses—Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management—and a network of financial centers in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. Consumers also have access to approximately 54,000 Fifth Third fee-free ATMs across the United States. Fifth Third Bancorp is a diversified financial services company and is the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.