Headquartered in San Diego since 1998, AimLoan.com is the nation's third largest Internet mortgage lender.
Reporting to the President, the Compliance and Risk Management Officer seeks to ensure compliance with all federal and state laws and regulations, as well as all company policies and procedures. He or she seeks to mitigate the risk of legal or regulatory sanctions, material financial loss or reputational harm to the company.
Responsibilities
1. Monitor laws and regulations for new provisions, disseminate pertinent information to managers and ensure affected operations are modified.
2. Implement any necessary additions or changes to company policies and procedures. Work closely with managers to review and update all policies and procedures at least annually.
3. Establish and monitor ongoing training programs to ensure compliance with federal and state laws and regulations, and company policies and procedures.
4. Develop and implement a master plan to review systems (processes) and controls in each area of the operation at least annually. Review steps to include:
• Identification of risks.
• Testing of transactions and documentation of results.
• Preparation of report of findings and recommendations.
• Verification that agreed upon corrective actions are implemented.
5. Coordinate in-house pre-funding and outsourced post-funding QC process, including submitting monthly production data to the vendor, validating or disputing the results of the review, preparing summary reports to management, and ensuring implementation of agreed upon recommendations.
6. Conduct, at least quarterly, the edit check process for the company's required HMDA reporting and ensure the data is error free prior to the annual filing deadline. Complete filing by March 1st deadline.
7. Research and coordinate responses to customer complaints received directly or through regulatory agencies or the BBB.
8. Serve as Information Security Officer, chair the Information Security Committee and coordinate compliance with the Privacy and Information Security Plan to minimize the risk that customer and company data is compromised.
9. Act as primary contact for regulatory exams. Coordinate the gathering of documentation requested by examiners. Draft responses to exams, with input from department managers as necessary. Ensure any agreed upon corrective actions are implemented.
10. Implement policies and procedures as necessary to mitigate risk in the area of employment. Ensure annual sexual harassment training occurs. Assist department managers in employee investigations and disciplinary procedures.
11. Review early disclosures for compliance with federal and state regulations, and work with vendors to make any necessary additions or changes.
12. Ensure company and loan officers are properly licensed in applicable states.
13. Oversee annual review and renewal of mortgage bankers bond, property and casualty insurance, and other insurance policies, ensuring adequacy of coverage to comply with regulatory requirements and appropriately mitigate risk.
14. Review all contracts and controls surrounding services performed by vendors. Monitor viability of vendors and prepare annual report regarding the same.
15. Develop Disaster Recovery Plan. Ensure plan elements are being carried out, including regular testing of the backup of critical data. Prepare quarterly report to management regarding the same.
Education, Experience and other Qualifications
1. Education -- Bachelor's Degree Required. Masters and/or Law Degree Preferred.
2. Experience -- Significant experience in regulatory compliance and risk management, preferably in the mortgage banking or banking industry.
3. Well developed analytical and planning skills. Ability to build and implement processes, with attention to continuous improvement. Detail oriented.
4. Strong oral and written communication skills. Ability to write reports, correspondence, and policy and procedure manuals. Ability to effectively present information and respond to managers, staff, regulators and customers.
5. Strong work ethic. Self motivated and self sufficient in approach to work. Good organizational skills, time management skills and ability to multi-task.
6. Truly share our core values of Integrity, Teamwork, Communication, Service and Continuous Improvement.
- Location: Mission Valley
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