04/06/2022
Compliance Officer Job Description for AGI
Job Description
• Compliance Officer position is designated by the Board of Directors.
• Responsible for establishing and maintaining an ongoing compliance program.
• Administers compliance training program for officers and employees.
• Works closely with regulatory auditors during examinations.
• Performs or retains auditors to perform audit programs.
• Reviews audit results and maintains audit standards.
Relationships
• Reports to: Director of Operations and President
• Supervises: Compliance Initiatives
Duties and Responsibilities
1. Develops and maintains compliance policies and procedures.
2. Responsible for the implementation of new regulations or changes to existing regulations.
3. Ensures compliance with legal and regulatory standards for originating loans and mortgage servicing.
4. Assists in updating and reviewing company policies and procedures based on regulatory changes, internal audits, and examinations by regulatory agencies.
5. Establishes and maintain an ongoing program for training personnel.
6. Monitors the resolution of consumer complaints.
7. Prepares for regulatory examinations and ensure an adequate corrective action process.
8. Reports compliance activities and audit findings to the Board of Directors.
9. Takes additional training as needed or requested by their Supervisors.
Accountability
• The Compliance Officer supervises regular audits of all appropriate areas of the company to determine the degree of compliance with various consumer laws.
• Actual or possible violations and any needed corrective action should be reported to the Board of Directors, and the division and department managers of the area under examination.
• The manager of the area under examination reports to the Compliance Officer all action taken to correct the findings detected in a compliance audit or the Compliance Officer requires the manager to perform in furtherance of the compliance mandate.
Qualifications
• The Compliance Officer is familiar with all areas of mortgage industry, and possesses excellent oral and written communication skills.
• Knowledge includes, among other things, deep familiarity with mortgage industry standards, auditing, and consumer compliance regulations.
• Human relations skills are expected to effectively conduct compliance activities throughout the organization.
• The Compliance Officer is very detail oriented and organized in all aspects of their job duties.
Job Type: Full Time
Salary: Based on experience
