Director of Compliance- Fair Lending

Published
June 23, 2019
Location
Chesapeake, VA
Job Type

Description

Purpose of Job
We are seeking a talented Director of Compliance- Fair Lending for any of our regional facilities to include a remote opportunity.

Manages and leads a staff in the development and implementation of an effective compliance risk management program to protect and minimize compliance risk to USAA. The Director of Compliance provides on-going compliance oversight for all Fair Lending compliance at USAA, its affiliates and external third-parties. This Director will also be expected to build effective relationships with industry and regulatory authorities.

Job Requirements

  • PRIMARY RESPONSIBILITIES
    Provides compliance oversight and drives change relating to fair lending for all USAA products and services.
  • Collaborates closely with Bank leadership to develop policies, procedures and controls designed to effectively manage regulatory fair lending compliance risk.
  • Monitor, identify, determine business impact and applicability, and provide oversight of regulatory change management processes for all applicable laws and regulations through implementation and validation.
  • Evaluate trends, support root cause analysis, and provide oversight of actions and responses for fair lending compliance-related complaints.
  • Proactively identifies strategic and tactical regulatory solutions by providing compliance subject matter expertise for CoSA project/process/product initiatives with fair lending implications.
  • Identifies compliance action plans that have regulatory impact on the company's business.
  • Directs research and feasibility studies to assess regulatory compliance impacts and recommended actions on CoSA initiatives.
  • Directs the implementation of appropriate strategic/tactical solutions for compliance business requirements. Identify compliance-related issues and provide oversight of first-line identified issues, including the assessment of risk severity, tactical and strategic action plan development, identification of impacted members and potential remediation, and validation.
  • Directs the monitoring and managing of regulatory requirements and reporting.
  • Manages federal/state regulatory agency relationships to obtain regulatory approvals and provides required regulatory feedback.
  • Provides oversight for compliance adherence through self-assessment programs and examinations.
  • Responsible for personnel actions for staff to include hiring, coaching, employee development, recognition, performance management, promotions, dismissals, and disciplinary action.
  • Determines action(s) required to best allocate resources.
  • Develops, monitors, and analyzes budgetary and/or operation performance of department resources.

Minimum Requirements

  • Bachelor's degree required. 4 additional years of related experience beyond the minimum required may be substituted in lieu of a degree.
  • 8 or more years of industry experience managing compliance risk associated with fair lending
  • Strong knowledge of laws and regulations that govern fair lending
  • 3 years of leadership experience. Develop and manage talent.
  • Proven ability to develop and manage relationships at all levels of management
  • Strong written and oral communication skills

*Qualifications may warrant placement in a different job level.*

When you apply for this position, you will be required to answer some initial questions. This will take approximately 5 minutes. Once you begin the questions you will not be able to finish them at a later time and you will not be able to change your responses.

Preferred

  • Certified Regulatory Compliance Manager (CRCM)
  • Experience managing fair lending compliance at a large financial institution
  • Federally commissioned examiner a plus

Benefits

USAA's most valuable resource is our 28,000 employees. We promote a culture of diversity and inclusion, encouraging varied perspectives and ideas.

Our team enjoys world-class benefits, pay and highly competitive reward opportunities, including comprehensive healthcare, wellness and wealth building programs, employee resource groups, 401K matching dollar-for-dollar up to 8% of pay, career planning and continuing education. We promote a strong work-life balance with a variety of on-site services and conveniences depending on location, including a daycare, health center and pharmacy, multiple dining options, company stores, covered parking and free fitness centers. USAA is a casual dress environment.

***Selected candidates will attend and complete the Management Development School program in San Antonio, TX, during their first six months in position.***

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

At USAA our employees enjoy one of the best benefits packages in the business, including a flexible business casual or casual dress environment, comprehensive medical, dental and vision plans, along with wellness and wealth building programs. Additionally, our career path planning and continuing education will assist you with your professional goals.

Relocation assistance is not available for this position.

Company Description

USAAUSAA is a family of companies that provides insurance, banking, investments, retirement products and advice to more than 13 million current and former members of the U.S. military and their families.

We were founded in 1922 when a group of 25 U.S. Army officers decided to self-insure each other's vehicles, forming the United Services Automobile Association. In the decades since then, we have become known for our legendary commitment to our members, and are consistently recognized for outstanding service, employee wellness and financial strength.

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