LAMONT ALLISON
Consumer Compliance
Guthrie,OK
Summary
Accomplished Compliance Examiner with a strong focus on regulatory analysis, risk assessment, and compliance auditing. Proven track record in managing examinations for financial institutions, ensuring adherence to complex regulations.
Overview
14
14
years of professional experience
Work History
Commissioned Compliance Examiner
Consumer Financial Protection Bureau
Washington, District of Columbia
01.2017 - Current
- Led examination teams on banks and non-banks as large as $500 billion.
- Conducted transaction testing to verify compliance with the requirements of Fair Lending, TRID, FCRA, FDCPA, Regulation B, Regulation X, Regulation Z, and Dodd-Frank’s UDAAP provisions. Also, I conducted transaction testing on Matter(s) Requiring Attention (MRA) Follow-Up exams.
- Performed information technology audits, which included a review of data security and incident response.
- Performed quarterly monitoring of depository institutions. This monitoring consisted of the review and analyses of the financial institutions' financials, periodic regulatory reports, submissions, and responses to examination findings, litigation, enforcement actions, and other matters impacting consumers.
- Served as the Southeast Region Compliance Tool Subject Matter Expert (CT SME).
- Successfully completed two Acting Examiner-in-Charge (AEIC) exams, one in Auto Servicing, and one in Mortgage Origination, and three Examiner-in-Charge (EIC) assignments related to debt collection, mortgage origination, and Compliance Management Systems – Information Technology (CMS-IT).
- As an AIEC/EIC, I assigned tasks to examiners, reviewed examiner workpapers, and compiled the data to create Supervisory Letters based on the findings of each examiner. Conducted meetings with the Chief Compliance Officer and/or their representative(s) and reported out to the Board and senior management the results of our examinations.
- Performed examination procedures on bank and non-bank financial institutions related to CMS-IT, mortgage origination, mortgage servicing, debt collection, and auto loan servicing.
- Coordinated examination efforts with state and federal regulators to include information requests, the scope of the exam, and logistics. Successfully completed two (2) state-coordinated exams.
- Evaluated depository and non-depository Compliance Management Systems, and assigned ratings using the FFIEC Uniform Interagency Consumer Compliance Rating System.
- Reviewed and evaluated internal and external audits, and monitoring reports to ascertain if an entity's systems are comprehensive, timely, and successful at identifying and measuring material compliance risk throughout the institution.
- Applied principles, procedures, knowledge, regulations, and policies within the context of CFPB requirements, including policies related to confidentiality, ethics, and the protection of sensitive information.
- Analyzed information and other data to identify issues, verify facts, draw conclusions, and recommend corrective actions on assigned examinations, and/or make recommendations to modify the scope of the examination.
- Prepared and completed assignments that were clear, organized, and understandable, and had the appropriate documentation to support conclusions according to the prescribed guidelines and timelines.
Senior Bank Operations Sarbanes-Oxley (SOX) Analys
Bank of Oklahoma Financial
Tulsa, Oklahoma
04.2016 - 01.2017
- Executed compliance testing for all Bank Operations to ensure adherence to complex regulations.
- Identified and tested compliance controls to mitigate risks effectively.
- Escalated compliance issues to Regulatory and Projects Support Manager for timely resolution.
- Monitored remediation activities and escalated overdue items for prompt attention.
- Advised on strategies to optimize business processes, enhancing compliance effectiveness.
- Consulted with Bank Operations Managers on application of laws and regulations.
Regulatory Liaison Analyst III
Santander Consumer USA
Dallas, Texas
11.2015 - 04.2016
- Researched, documented, and disseminated legal and regulatory requirements to department heads across various topics.
- Evaluated impact of regulatory developments on compliance examinations alongside Regulatory Liaison Manager and Director.
- Collaborated with management to determine compliance scope and examination techniques.
- Identified areas needing review by contacting business management and arranging examination steps.
- Reviewed documentation, examined methods, and interviewed personnel to gather compliance information.
- Compared practices against regulatory and internal requirements to identify variances and corrective actions.
- Maintained current knowledge of company policies and regulations affecting business operations.
- Acted as compliance liaison with business units to prioritize and implement necessary compliance changes.
Credit Union Examiner
National Credit Union Administration
Dallas, Texas
10.2011 - 11.2015
- Supervised and examined credit unions with assets ranging from $1MM to $1.5B and CAMEL ratings of 1 to 4.
- Developed examination schedules based on CAMEL ratings, personnel requirements, and availability.
- Reviewed financial performance reports and risk reports to assess credit union health and identify adverse trends.
- Completed BSA risk assessments to evaluate appropriate credit union ratings.
- Provided management with guidance for developing and revising BSA/AML compliance programs.
- Evaluated compliance with BSA laws, USA Patriot Act, and other regulations, making recommendations for improvements.
- Conducted transaction testing to ensure effective anti-money laundering controls were in place.
- Generated comprehensive reports post-examination outlining risk profiles, deficiencies, and recommendations for improvement.
Education
MBA - Finance
University of Oklahoma
Norman, OKMaster of Science - Management Information Systems
University of Oklahoma
Norman, OKBBA - Finance
Langston University
Langston, OKSkills
- Fair Lending Review
- HMDA LAR Review
- UDAAP Analysis
- Compliance Monitoring and Testing Review
- Regulatory Change Management
- Regulatory Analysis
- Risk Assessment
- Data Security
- Information Technology Audits
- Financial Reporting
- Policy Development
- Examination Management
- Transaction Testing
- Team Leadership
- Deadline Management
- Written and Verbal Communication
- Compliance Management Systems
- Developing Corrective Action Plans
Military Service
United States Army, May 1992 - March 1999
Oklahoma National Guard , March 1999 - May 2000
References
References available upon request.
Timeline
Commissioned Compliance Examiner
Consumer Financial Protection Bureau
01.2017 - Current
Senior Bank Operations Sarbanes-Oxley (SOX) Analys
Bank of Oklahoma Financial
04.2016 - 01.2017
Regulatory Liaison Analyst III
Santander Consumer USA
11.2015 - 04.2016
Credit Union Examiner
National Credit Union Administration
10.2011 - 11.2015
MBA - Finance
University of Oklahoma
Master of Science - Management Information Systems
University of Oklahoma
BBA - Finance
Langston University
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