Job details

Sr. Leader, Compliance Testing

Position Summary:

Responsible for leading the compliance testing function. Develops a comprehensive compliance testing plan that includes testing for identified compliance risks. Builds compliance assessment that tests key compliance controls and provides stakeholders with sufficient results to address compliance testing failures. Provides guidance to compliance testers and perform periodic and ad hoc compliance testing.

Responsibilities:

Develops, executes and communicates a comprehensive compliance testing plan that: (i) is based on the compliance risk assessment ratings, examination findings and self-identified compliance risks; and (ii) tests controls for compliance with legal, regulatory, GSE and agency compliance requirements.
Builds compliance assessments that test key compliance controls, regularly updates and enhances the assessments and ensures the assessment results provide operations with sufficient details to address compliance failures.
Leads the compliance testing team and performs periodic testing pursuant to the compliance testing plan.
Performs ad hoc compliance process reviews to evaluate the compliance risks associated with operations processes. Documents work papers and ensures that compliance testing failures are appropriately resolved. Escalates potential roadblocks, as necessary.
Develops formal compliance testing reporting and communicates the reporting to senior management and other key internal and external stakeholders.
Participates in the periodic compliance risk assessment process and provides insights gained through compliance testing and observations about internal control environments.
Implements available AI, RPA and/or other technology and resources to assist with performing compliance testing.
Performs other duties and projects as assigned.

Requirements:

Experience in the mortgage industry strongly preferred.
Minimum five (5) + years of management experience preferred.
Bachelor’s Degree preferred, and/or a minimum of eight (8) + years’ experience in performing servicing and originations compliance testing.

Why work for #teamloanDepot:

Aggressive compensation package based on experience and skill set.
Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
Work with other passionate, purposeful, and customer-centric people.
Extensive internal growth and professional development opportunities including tuition reimbursement.
Comprehensive benefits package including Medical/Dental/Vision.
Wellness program to support both mental and physical health.
Generous paid time off for both exempt and non-exempt positions.

About loanDepot:

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.

Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $140,000 and $160,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.

We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

loanDepot Glassdoor Company Review

3.3

loanDepot DE&I Review

3.64

CEO of loanDepot

Frank Martell

Approve of CEO

By loanDepot

Our goal is to be the lender of choice for consumers and the employer of choice by being a company that operates on sound principles of exceptional value, ethics and transparency.

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FUNDING

Public

DEPARTMENTS

Legal, Compliance

SENIORITY LEVEL REQUIREMENT

Senior

INDUSTRY

Banking & Lending

TEAM SIZE