Assistant VP Business Control

$75,000 - $130,000/Yr

Pennymac - Plano, TX

posted 3 months ago

Full-time - Senior
Plano, TX
1,001-5,000 employees
Real Estate

About the position

PennyMac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At PennyMac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. The Assistant Vice President Business Controls will direct the development of a mortgage-centric compliance program and controls expert that contemplates current regulatory requirements and industry standards. As the AVP Business Controls, you will lead change management activities related to regulatory changes and investor guideline updates as well as internal and external feedback. You will work closely with leadership on the development and implementation of compliance planning, including an annual audit plan to monitor compliance with laws and Company policies and procedures. In this role, you will develop compliance and control organizational strategies by contributing information, analysis, and recommendations. You will enforce standards and respond promptly to potential issues, working with the business where appropriate to adjust processes and procedures. Additionally, you will avoid legal challenges by understanding current and proposed legislation; enforcing regulations; recommending new procedures; and complying with legal requirements. Participation in enterprise risk management activities is also a key responsibility, acting as a liaison between the line of business and the enterprise, preparing committee material, and attending as necessary. You will demonstrate behaviors that align with the organization's desired culture and values.

Responsibilities

  • Direct the development of a mortgage-centric compliance program and controls expert.
  • Lead change management activities related to regulatory changes and investor guideline updates.
  • Work closely with leadership on the development and implementation of compliance planning, including an annual audit plan.
  • Develop compliance and control organizational strategies by contributing information, analysis, and recommendations.
  • Enforce standards and respond promptly to potential issues, adjusting processes and procedures as necessary.
  • Avoid legal challenges by understanding current and proposed legislation and enforcing regulations.
  • Participate in enterprise risk management activities and act as a liaison between the line of business and the enterprise.

Requirements

  • Bachelor's degree or equivalent work experience.
  • 7+ years of relevant work experience.
  • Experience with process improvement and management, requirements gathering and analysis, technical writing, and management reporting.
  • Legal compliance knowledge, including Reg Z, Reg X & Dodd Frank.
  • Highly proficient in Excel and Word.

Benefits

  • Health insurance
  • Dental insurance
  • Tuition reimbursement
  • Paid time off
  • Parental leave
  • Vision insurance
  • 401(k) matching
  • Life insurance
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