Senior Director, Mortgage Compliance

Who we are:

Cornerstone Capital Bank is a new bank, with over $330 million in capital and $2 billion in total assets, and arises from the combination of mortgage industry giant Cornerstone Home Lending and community banking standout Roscoe State Bank. You'll be on the front end of working for an innovative large community bank that is a leader in mortgage lending and community banking and growing in middle-market commercial and real estate lending.

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:
The Senior Director, Mortgage Compliance will be responsible for ensuring that the mortgage operations of Cornerstone Capital Bank, inclusive of joint venture affiliated business arrangements ("ABAs") across a national footprint, are operating in compliance with applicable laws and regulations. This role will report directly to the Bank's Chief Compliance Officer and will be a key member of the Enterprise Compliance leadership team. We are seeking a hands-on leader, with a focus on partnership and collaboration to drive solutions.

What you'll do:

• Maintain knowledge of applicable local, state, and federal laws and regulations, investor guidelines, and industry best practices to provide subject matter expertise and identify emerging risks
• Conduct the risk assessment for new products, services, and initiatives, in alignment with related internal policies and programs, adherence to regulatory requirements, as well as Board's risk appetite; ensure related documentation (e.g., disclosures, marketing material, etc.) is compliant in support of new product launches
• Work in partnership with the mortgage business unit (Cornerstone Home Lending, or "CHL," a division of Cornerstone Capital Bank) and business partners as they develop new product offerings and execute business strategies
• Understand business goals and strategies and identify solutions for how Enterprise Compliance can best support those efforts
• Work closely with business risk and control leaders as primary liaison between Enterprise Compliance and business partners; identify new ways of working between Enterprise Risk Management and CHL
• Collaborate with executive management and senior business leaders, to provide leadership, expert guidance, partnership, and support in the implementation process for key compliance strategies, initiatives, and action plans across the enterprise
• Translate and distill complex regulatory matters into solution-oriented and actionable components
• Assist with the coordination and management of consumer compliance regulatory examinations and agency/investor reviews
• Identify and track relevant regulatory initiatives and changes that impact CHL/ABAs, our vendors, and the mortgage lending industry in general
• Develop and implement policies and procedures to ensure CHL/ABA compliance with all applicable laws and regulations governing mortgage lending
• Remain knowledgeable of mortgage lending operations and change initiatives to ensure compliance with policies and procedures and regulatory requirements
• Serve as a subject matter expert on mortgage compliance for the organization
• Champion Enterprise Compliance and a strong risk culture across the organization
• Effectively and efficiently complete any other special projects or tasks as assigned
• Lead a team responsible for developing and ensuring the implementation of policies and programs to manage risk associated with various Compliance Activities, including risk assessments, complaint management, customer-facing material reviews, and compliance monitoring
• Mentor and develop team members

What you'll need to be successful:

Success in this job relies on your time management skills, organization, and positive attitude. In addition, you'll need the following qualifications:

• Bachelor's Degree required
• Minimum 10 years of experience in a senior leadership role with a demonstrable track record of building and leading successful compliance management systems within the mortgage industry
• Demonstrated understanding of compliance systems and controls utilized to implement a strong compliance framework designed around the three lines of defense model
• Extensive Risk and Compliance management experience within the financial services industry, with expert knowledge of laws, rules, and regulations related to banking; specific experience related to mortgage originations and mortgage performing and non-performing servicing (e.g., Unfair, Deceptive, or Abusive Acts or Practices (UDAAP); Privacy; Real Estate Settlement Procedures Act (RESPA); Truth in Lending Act (TILA/Reg. Z); Equal Credit Opportunity Act (ECOA/Reg. B))
• Expert knowledge of risk management practices and regulatory expectations, with an ability to distill complex regulatory requirements and expectations into solution-oriented, actionable steps
• Ability to apply compliance regulatory requirements to complex fact patterns and problem-solve viable solutions
• Strong attention to detail with a hands-on approach
• Strong research skills
• Excellent communication (verbal and written) and organizational skills
• Strong analytical reasoning, problem-solving, and critical thinking skills
• Ability to work independently and manage multiple priorities in a fast-paced environment
• Ability to multi-task and meet deadlines
• CRCM, CERP, or regulatory examiner credential preferred
• Past experience with the FDIC a plus
• Strong proficiency with Microsoft Office (Word, Excel, Outlook, etc.)

What we offer:

Because we recognize and reward hard work, we offer a competitive salary, a full benefits package, and the potential for a performance-based bonus.

What to do next: If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're part of our Cornerstone family, we'll continue to invest in you as a valuable asset in our company. As many of our team members can tell you, there's something special about working at Cornerstone.