Compliance Analyst

Compliance Analyst I

DocMagic is the leading provider of digital solutions for the eMortgage industry, including regulatory compliance, document generation, eSignature, and complete eClosings. DocMagic has been solving the mortgage industry's toughest challenges with innovative technology solutions since 1987. Today, we continue to lead the industry with award-winning proprietary software, mobile apps, and web-based solutions.

At DocMagic, our culture is built on teamwork, innovation, and collaboration, which contribute to our reputation for excellence. We are committed to living these values every day. We offer competitive benefits, including comprehensive health coverage, paid time off, company-paid holidays and a 401K with company matching. We also offer on-site wellness classes, snacks and monthly food trucks. But it is not all about work; we believe in building connections, from team-building activities to our employee gatherings, we love coming together to celebrate. Join us and be a part of a team that values innovation and is committed to shaping the future of work.

Position Summary

The Compliance Analyst I is primarily responsible for ensuring regulatory updates are executed properly and timely and providing general support to the compliance team. The position is responsible for completing user acceptance testing of regulatory changes made by the compliance department, posting customer notifications for regulatory updates, advising other departments of changes, and supporting implementation of changes with the customer support teams.

Essential Functions

• Provide business acceptance review and testing of regulatory changes to DocMagic products and services, including form template or programming changes, calculation changes, selection logic changes, and both internal and external universe-interface changes.
• Work with other compliance team members to schedule regulatory changes to meet regulatory and client needs and deadlines and complete both pre-production and post-production validation of changes to meet those deadlines.
• Support maintenance of multiple production environments with differing configurations from time-to-time, and support customer-specific instances of pre-production and post-production validation of regulatory changes.
• Create test scenarios for use in both team and individual testing needs, leveraging own experience of mortgage lending to develop test scenarios as needed for a particular regulatory change.
• Support DocMagic automatic regression testing models with testing scenarios and maintaining loan scenario repositories
• Assist with maintenance of compliance content, including customer notification of changes, on DocMagic Compliance Edge website as well as testing and training on content by its proprietary AI tool

Other Skills

• Works in a positive, friendly manner at all times and inspires the company's culture.
• Must be well-organized, extremely detail-oriented, and willing to take ownership of responsibilities.
• Completes assignments on time or advises in advance of delays.
• Excellent time management, organizational, and communication skills.
• Exercises sound judgment and decision-making skills.
• Works well under time limits, handles multiple tasks concurrently, and prioritizes responsibilities.
• Strong problem-solving skills with the ability to identify and correct situations.
• Takes risks to innovate and create better solutions for the job, department, and the company.

Required Qualifications

• Three (3) years of experience within financial services industry including knowledge of legal and regulatory requirements related to mortgage lending activities, specifically knowledge of federal TILA, RESPA, FCRA and HPA requirements, state legal and regulatory requirements as well as investor guidelines, e.g., FNMA/FHLMC, FHA, VA, USDA.
• Must build strong working relationships with various personalities within DocMagic, including the ability to communicate well with people at all levels at DocMagic.
• Must work well under pressure in a fast-paced environment and meet multiple and sometimes competing for deadlines.
• Excellent writing and verbal communication skills needed to effectively present information to employees and management as well as communicate with customers.
• Experience working with Word, Excel, Outlook, and PowerPoint.

In addition to performing the essential functions of the job, this position may require other duties as assigned. Duties, responsibilities, and activities may change at any time with or without notice.