Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
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Morgan Stanley's Bank Compliance team seeks a Mortgage Compliance Specialist Lead to manage a team of two to assist in mortgage compliance activities and initiatives. Emphasis will be on project management and implementation of regulatory changes, advice and guidance relating to the residential mortgage compliance, and oversight of third-party service providers. Candidate will also be responsible for gauging compliance with applicable banking laws, and demonstrating accountability via appropriate documentation and reporting.
Primary Responsibilities Assist the mortgage business unit on compliance-related business impact analyses, driven by regulatory and legislative change management and work with or act in a compliance project management capacity to implement new and enhanced mortgage compliance controls. Act as a consumer compliance subject matter expert related to mortgage loans, including TILA, RESPA, ECOA, Fair Housing Act, SAFE Act Federal registration, FCRA, Privacy, FDPA and other consumer finance-related laws and regulations. Assist in developing and implementing Mortgage aspects of the Annual Compliance Plan, and Risk Assessments. Liaise with centralized monitoring, testing and training teams related to mortgage compliance. Assist in managing and coordinating regulatory inquiries, program and product approvals and examinations regarding mortgage lending products in partnership with departmental and corporate regulatory management groups. Support the creation, maintenance, and revision of existing and new policies and procedures relating to mortgage rules and regulations.
Bachelor's Degree. Demonstrated project management skills. Exceptional ability to explain complex topics and deliver prompt, clear answers that colleagues and clients can act upon with confidence. At least 5 years of experience in mortgage banking, consumer finance or retail banking lending, compliance or legal department. Strong client-relations skills and ability to partner with clients to develop practical solutions that meet business needs while remaining compliant with applicable laws within the Banks' risk tolerance. Experience with Fair Lending regulations including ECOA, HMDA and Fair Housing, as well as Privacy regulations including Regulation P, FCRA and FACTA. Ability to educate and inform clients about the legal framework affecting their business activities so that clients are better equipped to take those factors into account in developing programs.
JD, MBA, CRCM and/or PMP desired. Experience with Mortgage Lending programs. Strong leadership and managerial skills. Exceptional reasoning and analytical skills. Excellent organizational skills to be able to manage a large workload. Strong team-orientation, work ethic, and drive. Able to handle confidential information professionally and with appropriate discretion. Outstanding written and verbal communication skills; excellent negotiating and drafting skills. Ability to effectively present information in one-on-one and group situations to customers, clients, and other employees or the organization.