U.S. Bank Home Mortgage Compliance Representative in Cedar Rapids, Iowa

The U.S Bank Home Mortgage Compliance Representative position supports Mortgage Servicing, to ensure compliance with banking laws and regulations. This position is responsible for complex functional segments of the Corporate Compliance Consumer Banking program, evaluating and reporting information from a specific business line and for a specific product specialty within a business line. Devote significant time to ensuring compliance programs meet all applicable laws and regulations. Review and analyze internal and external regulatory reports and coordinate with responsible parties to ensure compliance with applicable laws. Monitor and follow-up on outstanding compliance issues and ensure timely resolution. Collaborate with management and staff in areas affected by changes in products, systems, vendors or personnel to ensure ongoing compliance, and to effectuate understanding and implementation of new policies and procedures regarding mortgage origination and/or mortgage servicing requirements.

Position Responsibilities:

  • Foster cooperation and involvement from compliance officers, business partners, and management

  • Work collaboratively across multiple lines of business on reportable regulatory matters and compliance management initiatives

  • Develop and oversee appropriate regulatory compliance policies, processes and systems to meet regulatory expectations and protect the interests of U.S. Bank

  • Participate in the Enterprise Compliance Risk Assessment (ECRA) process to ensure the appropriate consumer lending regulations and laws are followed, respond to or escalate inquiries as appropriate

  • Support the development and implementation of the ECRA Risk Policies, Procedures and Methodologies as well as the ECRA Framework.

  • Provide assistance with documenting the controls related to all relevant risk, compliance with laws and regulations, established compliance programs, internal controls and operational processes.

  • Review and assess risk associated with business, product and vendor changes

  • Assist business lines and relationship risk managers in the development and documentation of their business process flows, narratives with the identification of the corresponding internal controls

  • Monitor, follow-up and track the resolution of risk and control matters through the use of the corrective action plans and effectively escalating issues in a timely manner in accordance with the Program Policies and Procedures.

  • Participate in evaluation of business line vendors using the Vendor Risk Management tools, policies and processes to determine and ensure each vendor’s activity is conducted in compliance with applicable laws and regulations and are compliant with the policies that are to be expected if U.S. Bancorp, including its subsidiaries and affiliates, were conducting the activities directly

  • Review and advise on business line regulatory complaints

  • Manage and support communication channels and forums to appropriately escalate regulatory risks and issues across the enterprise

  • Contribute to regulatory risk management reports for stakeholders and senior management

  • Perform other duties as requested by management


Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Seven to ten years of experience in an applicable risk management environment

Preferred Skills/Experience

  • Seven or more years of experience in regulatory Compliance or Legal required, with 2 years in Mortgage Compliance/Legal preferred.

  • Strong knowledge of government and consumer lending laws and regulations, preferably relating to mortgage servicing

  • Working knowledge of FDPA preferred

  • Understanding of mortgage servicing, operations, products/services, systems, and associated risks/controls

  • Demonstrated ability to work independently and think critically

  • Must be able to prioritize work and effectively manage time and have the ability to manage change.

  • Strong verbal and written communication skills

  • Proficient in Microsoft Office applications

  • Ability to simultaneously research and manage multiple projects and deadlines

  • Detailed and task oriented

  • Ability to apply organizational skills in a wide variety of areas

  • Understanding of Risk/Compliance/Audit competencies

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Missouri-MO-Saint Louis

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 180042267

Other Locations: United States

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.