VP Compliance

Company: Mr. Cooper

Location: Dallas

Closing Date: 03/11/2024

Salary: £125 - £150 Per Annum

Hours: Full Time

Type: Permanent

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Job Requirements / Description

At Mr. Cooper Group, You Make the Dream Possible.

Our purpose is simple: Keeping the dream of homeownership alive. As a Mr. Cooper Group team member, you play a big role in making that dream possible. Around here, we know our roles and work together, volunteer to make a difference, and challenge the status quo when needed. Everything we do is in the care and service of our teammates and our customers.

Join us and make the dream of home ownership possible!

Company Overview:

Rushmore Loan Management Services LLC, an affiliate of Mr. Cooper and a master servicer, is a prominent entity within the mortgage servicing industry. We pride ourselves on delivering exceptional service while upholding the highest standards of regulatory compliance. We are dedicated to innovation, integrity, and customer-centric solutions.

Position Overview:

Reporting directly to the CEO of Rushmore Loan Management Services LLC, an affiliate of Mr. Cooper, the Vice President of Compliance is responsible for maintaining current knowledge of all applicable federal and state laws and regulations regarding the servicing of residential mortgage loans. They will advise company management as to changes in applicable laws and regulations and the effect the changes will have on company practices. The role will require research and analysis of state and federal lending and servicing practices. We are seeking a dynamic and strategic leader with extensive experience in regulatory compliance management within the financial services sector.

Responsibilities:

Develop and implement comprehensive compliance strategies and programs for servicing operations, ensuring adherence to regulatory requirements at the federal, state, and local levels.
Manage all aspects of regulatory compliance, including licensing, and coordinate responses to state, federal, and local examinations.
Stay informed about changes in regulatory requirements and industry best practices, and proactively update compliance policies and procedures accordingly.
Collaborate closely with legal, regulatory affairs, and operational teams to interpret and implement compliance requirements effectively.
Oversee the internal quarterly/yearly compliance review functions and training requirements.
Conduct regular audits and assessments to identify compliance risks and develop strategies to mitigate potential issues.
Monitor and coordinate compliance activities related to master servicing oversight of sub-servicer(s) and remain up to date of all compliance activities to identify trends.
Prepare and present compliance reports and updates to senior management and the board of directors.
Serve as the primary point of contact for regulatory agencies, auditors, and examiners during audits and examinations.
Coordinate the handling of any complaint from a vendor, consumer or other entity related to the company.
Assist external auditors, examiners, as needed.

Qualifications:

Bachelor’s degree in Law, Business Administration, Finance, or a related field; advanced degree preferred.
Minimum of 10 years of progressive experience in regulatory compliance management within the financial services industry, with a strong focus on servicing compliance.
Deep understanding of federal and state regulations governing mortgage servicing, licensing requirements, and compliance best practices.
Proven track record of successfully managing compliance programs and leading teams in a complex regulatory environment.
Strong leadership skills with the ability to influence and collaborate effectively with stakeholders at all levels of the organization.
Strategic thinker with excellent analytical and problem-solving abilities.
Outstanding communication and presentation skills, with the ability to communicate complex regulatory matters clearly and concisely.

Additional Requirements:

Must be open to relocation to Dallas, Texas.
Hybrid in-office schedule, with remote work flexibility.

If you are ready for an exciting, new opportunity with high visibility and have a passion for maintaining regulatory compliance excellence, we encourage you to apply for this exciting opportunity at Rushmore Loan Management Services LLC in Dallas, Texas. Please submit your resume detailing your qualifications and interest in the role. We look forward to reviewing your application and speaking with you further!

Mr. Cooper Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or status as a protected veteran. EOE/M/F/D/V