Mortgage Compliance Testing Officer - VP

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Job description

Serves as a compliance officer for Independent Compliance Risk Management (ICRM)'s Testing team responsible for assessing compliance risks within the first and second line of defense. Also responsible for performing independent testing activities (testing and on-going monitoring) to test for compliance with Laws, Rules and Regulations specific to mortgage, reporting and escalating issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues.

Key Activities include:

• Developing, implementing, and executing compliance testing, and reporting programs within the mortgage line of business in accordance with the Compliance Testing (CT) Plan.
• Participating in the planning, executing, and reporting of mortgage compliance testing reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned region in accordance with CT Plan.
• Analyzing and documenting report findings, and having preliminary discussions with corresponding control/process owners.
• Assisting with development of Compliance Testing Monitoring Monthly, and Quarterly Summaries and the development and enhancement of the Compliance Testing Methodologies and Standards for auditing, testing, monitoring, and reporting.
• Utilizing innovative compliance testing solutions including Data Analytics to increase value and reduce costs of compliance-related activities.
• Developing effective relationships within CT function and with other stakeholders including Business process owners and Internal Audit function.
• Identifying industry best practices and share insight with the CT teams on a regular basis.
• Informing CT management of significant compliance matters that require their attention or action.
• Identifying compliance training resources and tools available centrally to support country/business compliance programs training and research needs.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of experience
• Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities
• Knowledge and extensive experience with auditing principles including audit planning, transactional testing, and reporting activities
• Understanding of rules, laws, and regulations, and specific regulatory requirements specific to mortgage
• Strong interpersonal skills for building strong relationships with stakeholders and engaging teams
• Effectiveness in working within a large scale and complex matrix organization is essential
• Effective negotiation skills, a proactive and "no surprises" approach in communicating issues, and strength in sustaining independent views
• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions
• Knowledge of Compliance laws, rules, regulations, risks and typologies
• Must be a self-starter, flexible, innovative and adaptive
• Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization
• Advanced analytical skills
• Ability to both work independently and collaborate with team members
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel, Word, PowerPoint)
• Demonstrated knowledge in area of focus

Education:

• Bachelor's/University degree, Master's degree preferred

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