Ocwen - Manager - Compliance Validation

Manager, Compliance Validation

Ocwen Financial Corporation (NYSE:OCN) is one of the largest independent mortgage loan servicers in the United States. Ocwen is widely recognized in government, industry, community and media circles as a leader in foreclosure prevention. Ocwen has been featured in Time Magazine, National Public Radio, ABC News, The New York Times, The Wall Street Journal and other national publication news organizations) for our innovation, dynamic growth and ability to provide win-win solutions for distressed homeowners and the loan investors we serve. As a leader in loan modifications, we strive to help struggling families meet their financial responsibilities and stay in their homes as well as help them address the concerns and complex questions they may have about their home and mortgage. Helping homeowners is what we do!

The Compliance Department is responsible for overseeing Ocwen's mortgage servicing compliance program, including compliance with federal and state laws and regulations. The department oversees servicing agreements and standards established with investors, national mortgage standards and other settlement requirements. The Compliance team is also responsible for government agency and government sponsored entity servicing standards, and the applicable guidelines for the Making Home Affordable programs.

The Manager, Compliance Validation will develop and oversee the activities of the compliance testing group that validates the implementation of management's corrective actions in response to various issues, findings and reports. The Manager will ensure that the work performed by team members is appropriate and complete, with results reported on a timely basis. This person will be responsible for managing an effective and efficient validation process and interacting directly with business unit leaders to review the root causes of exceptions and the sufficiency of the corrective action plans developed to address those exceptions.

Responsibilities will include :

- Managing a testing team which conducts reviews to assess the effectiveness of business unit corrective action plans, control and process improvements, and ad-hoc projects that strengthen the internal compliance environment

- Working with business units to conduct validation testing based on specific corrective actions taken, compliance requirements and/or standards

- Obtaining updates and monitoring the status of business unit action plans in order to assess when to initiate validation testing.

- Tracking, researching and responding to business unit testing inquiries in a timely manner

- Management of the day-to-day testing operations while prioritizing and addressing various ad-hoc requests from internal and external parties

- Managing the testing team by organizing, motivating and developing staff

- Identifying opportunities to enhance the processes and tools used to perform testing, document test work and report results

- Fostering effective working relationships with business units and management

Key Result Areas :

- Present timely and accurate results on the effectiveness and sufficiency of business unit corrective action plans

- Develop, enhance and maintain processes and procedures with respect to compliance validation, including scope of work, testing methodologies, and reporting

- Effectively manage a testing team consisting of compliance auditors and analysts

Minimum Qualifications :

- Bachelor's Degree

- Seven (7) years of experience in Compliance or Audit

- Effective team builder with strong leadership and communication skills

- Demonstrated ability to have a positive interaction with management and work across departmental lines

- Strong organizational and analytical skills

- Excellent written and oral communication skills May require writing samples to evidence

- Ability to manage multiple priorities in an organized fashion with attention to details

- Demonstrated ability to effectively manage complex or multi-functional compliance projects

Preferred Qualifications :

- Bachelor's Degree in a business or finance related field

- Previous experience in managing an audit or compliance team strongly preferred

- Relevant industry certifications (CIA, CFSA, CPA, CRCM, etc.)

- Experience in financial services, mortgage origination's or servicing

Shift : MID

Location : Bangalore., Eco Space - Bellandur, Sarjapur Road

Contact - Carol Parker @ 080-66177582

Note - Please mention your Current & preferred location and Current CTC for CV's to be shortlisted.