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Cenlar FSB

Chief Compliance Officer

Cenlar FSB, Yardley, Pennsylvania, United States,


Chief Compliance OfficerCenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of respect, trust, integrity and care. A promote-from-within philosophy, and opportunities for continuous professional growth make Cenlar a great place to launch or boost your career.

Start something good. Empower your career. Become an employee owner at Cenlar.

The Chief Compliance Officer (CCO)/BSA Officer is a senior management position that reports directly to the Chief Risk Officer. The CCO provides effective oversight of Cenlar’s Compliance Management System, which includes developing, implementing and monitoring the Compliance Management System framework and ensuring the company operates within Board of Director’s approved Compliance Risk limits. The CCO has direct responsibility for the Compliance Department, embedded within the second line of defense.

Responsibilities:

Responsible for reporting and communicating the state of compliance management and emerging risks to the Management Committees, the Regulator and the Board.

Effective leader with peers and team. Experienced track record in growing compliance culture and transforming first line business practices.

Strong communication skills and ability to influence and drive commitments.

Report to the Board Risk Committee material Compliance Risks, emerging Compliance Risks and the overall status of the Compliance Management System.

Strong technical compliance knowledge and proven track record for refining and maintaining an effective compliance framework.

Oversee and direct the annual independent Compliance Risk Control Self-Assessment.

Continue to manage and enhance Cenlar’s CMS (Compliance Management System).

Maintain policies and procedures compliant with state and federal consumer financial laws.

Partner with the First Line units and Legal to research legislation and design and implement necessary policies, procedures, and controls.

Participate in projects spanning various lines of business to implement compliance controls.

Serve as the in-house Compliance expert on all federal/state and GSE regulations and laws.

Facilitate the flow of information between company personnel and regulatory agencies.

Ensure ongoing changes are implemented in a manner that maintains regulatory compliance.

Analyze, interpret, summarize, and communicate the impact of proposed laws and regulations to senior management.

Design and enhance risk assessments to evaluate the impact of controls on the inherent risk of federal and state consumer financial protection laws and regulations.

Boost the development of protocols and automation to monitor compliance controls.

Monitor and analyze customer complaints involving potential legal issues.

Serve as the Bank Secrecy Act (BSA) Officer, implementing and overseeing Cenlar’s BSA/AML/OFAC Program.

Educate directors, management and employees on compliance responsibilities.

Work with Training team to develop an effective compliance training program.

Experience in financial services loan processing/mortgage servicing; sub-servicing working knowledge a plus.

Demonstrated willingness to understand and learn the unique aspects of mortgage subservicing.

Effective leader with peers and team.

Ensure all activities are in accordance with Cenlar’s approved risk appetite statement and applicable compliance and regulatory requirements.

Qualifications:

Bachelor’s degree or equivalent experience.

Minimum of 15 years of experience in mortgage banking compliance or mortgage lending compliance.

Certified Regulatory Compliance Manager (CRCM) Certification required.

Strong understanding of regulatory processes, activities, and requirements of a mortgage servicing company.

Ability to build effective relationships with a proven ability to build trust and credibility.

Knowledge of compliance risk management concepts, frameworks, methods, and good governance practice.

Prior senior leadership experience required.

Strong analytical skills.

Dedicated to integrity, producing high quality results, and meeting deadlines.

Outstanding communication skills, both oral and written.

Specific Certifications/Qualifications: CRCM or Risk Certification with Risk Experience.

Total Rewards:

As an employee-owner at Cenlar, you’ll receive an outstanding benefits package that includes paid medical, dental, and life insurance, 401(k), and tuition assistance as well as opportunities for training and professional advancement.

Cenlar is a drug-free workplace and an equal employment opportunity/affirmative action employer M/F/D/V/SO.

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