Kat Sanchez

Kat is a Director in Protiviti’s Risk and Compliance Practice specializing in consumer protection laws and regulations for the financial services industry. She has over 15 years of experience in the areas of regulatory compliance, banking, and consulting. Her subject matter expertise includes consumer compliance (Fair Lending and UDAAP), design, implementation and monitoring of Compliance Management Systems (CMS), regulatory and operational risk management, issue and regulatory change management, third party vendor monitoring, enterprise training, and supervising regulatory examination and enforcement action compliance and remediation for large complex institutions. She advises on all aspects of bank products and services, to include product development, advertising and marketing development, the end-to-end origination process, as well as routine and default servicing.

Most recently, Kat was a Director with Grant Thornton’s Regulatory Compliance practice in Washington, DC, and Senior Director at Treliant Risk Advisors, where she led the Fair Lending practice. Kat’s banking industry experience included senior-level compliance roles at E*TRADE Financial, Downey Savings & Loan, and a white label mortgage company.

Kat completed coursework at the American Bankers Association (ABA) and Mortgage Bankers Association Future Leaders Program. She currently serves as Faculty where she develops and delivers curriculum for the following ABA Foundational Compliance Schools: Intermediate Compliance School (Fair Lending) and Advanced Compliance School (Risk Management).

Major Projects

• Led the development and execution of a qualitative fair lending risk assessment for a regional bank, as required to clear a Matter Requiring Attention (MRA). Developed methodology based on regulatory standards and industry best practices to assess inherent risk, evaluate control strengths and assign residual risk ratings. Presented findings to Board of Directors.
• Led the quantitative fair lending self assessment for a regional bank, as required to clear a MRA. Analyzed prior year mortgage lending data submission via underwriting and pricing regression to determine if disparities exist in the bank’s lending practices. Identified matched pairs for review. Prepared Board of Directors reporting on results of the analysis.
• Led a CMS review and Fair Lending Program build on behalf of a $20B bank and mortgage lender subsidiary. Review included transaction testing for disclosure compliance, HMDA data integrity, and rate exceptions, and evaluation of the institutions’ program, Executive Management oversight, complaints, and audit independence.
• Developed a CMS program for large mortgage lender preparing for CFPB oversight. Drafted end-to-end documentation, including program, policies, procedures, work flows, monitoring and testing plan, change management program, complaints program, fair lending and UDAAP programs, enterprise training, and management reporting.
• Led a Fair Debt Collections Practices Act (FDCPA) assessment for the auto lending business line of a large bank. Reviewed all aspects of collections practices, including complaints process, a review of state-specific requirements, and call center operations (e.g. auto-dialer, skip-tracing, repossession, etc.).
• Led Mystery Shopping testing for a large bank and its four subsidiary regional banks to assess fair lending practices through the customer experience. Developed custom methodology and framework for assessing matched pair mystery shopper applicants. Performed quantitative review of data and facilitated in person Focus Groups to support findings. Reported observations and recommendations to Executive Management.

Areas of Expertise

• Regulatory Compliance
• Enterprise Risk Management
• Compliance Management Systems
• Compliance Risk Assessments
• Fair Lending and UDAAP Compliance
• Regulatory Enforcement Action Compliance and Remediation
• Issue and Regulatory Change Management
• Third Party Risk Management
• Banking Operations
• Servicing Operations (Routine and Default)
• Project Management

Industry Expertise

• Consumer Products and Services
• Financial Services
• Financial Technology Companies
• Large / Small Bank and Non-Bank Servicers
• Mortgage Lenders (Non-Bank)

Education

• B. A. – Criminal Justice, George Washington University