Compliance Section Manager Sr. - Consumer Loan Servicing and Default Servicing
Company: Huntington National Bank
Posted on: May 27, 2023
This Compliance Section Manager Sr. provides compliance support for the Consumer Loan Servicing and Default Servicing business units. This position has responsibility for maintaining a robust compliance program for these business units to ensure compliance with consumer protection laws and regulations and Huntingtons values of looking out for our customers.
Builds strong working relationships with business leadership, segment risk, legal and other key partners to identify emerging risks, manage regulatory change, and develop appropriate response strategies.
Develops collaborative relationships with senior business management to stay informed of strategic initiatives, planned changes in products or processes, and potential compliance concerns.
Ensures the business units are managing, monitoring, and escalating compliance risks within the Corporate Compliance risk management framework.
Specific responsibilities of this position include, but are not limited to the following:
+ Provide subject matter expertise on existing and newly issued consumer servicing related rules and regulations and communicate guidance to business units.
+ Collaborate with business units to ensure that control environments are designed to comply with regulatory guidance.
+ Ensure a robust monitoring and testing program is effective in identifying and mitigating compliance risks.
+ Provide regular reporting and updates to applicable risk committees.
+ Work with business partners to ensure training, policies and procedures are in place to ensure colleagues can effectively perform their job responsibilities in compliance with applicable regulatory requirements.
+ Perform periodic risk assessments of business units.
+ Assist with other enterprise compliance projects or initiatives as assigned.
+ Ensure business unit compliance programs are aligned with and integrated into the enterprise Compliance Risk Management Program.
+ Coordinate efforts to identify consumer regulatory requirements that can be fully tested through automation and work closely with other team members, affected business segments and the Data Analytics and Automation team to put such testing in place.
+ Work with business managers and risk partners to ensure compliance training courses are up to date and appropriate audience selection is made. As needed, conduct classroom/zoom training for Consumer Loan Servicing and Default Servicing colleagues.
+ Serve as Compliance SME for consumer related regulations including Servicemembers Civil Relief Act (SCRA), Fair Credit Reporting Act (FCRA), Regulation X and Flood Disaster Protection Act (FDPA).
+ Bachelor's Degree. Or in lieu of a degree, four or more years of equivalent work experience.
+ 5 or more years of applicable work experience in regulatory compliance, legal, or operational risk management.
+ Strong written and verbal interpersonal communication skills.
+ Excellent analytical and problem-solving skills.
+ Experience working in loan servicing or default servicing in a compliance or risk management role.
+ High level of familiarity with CFPB, OCC and other regulatory agency guidance, rules, and examination processes and ability to communicate them for practical applications.
+ Ability to interpret regulations both technically and using a principles-based approach.
+ Proficient application of risk assessment and risk management methodologies.
+ High degree of comfort presenting to senior and executive management.
+ CRCM certification a plus.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
Keywords: Huntington National Bank, Minneapolis , Compliance Section Manager Sr. - Consumer Loan Servicing and Default Servicing, Executive , Minneapolis, Minnesota
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