AVP/VP, Credit Compliance Officer

People Drive Our Success


Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.


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GENERAL SUMMARY
Primarily responsible for ensuring the Bank’s compliance with consumer, mortgage and commercial lending laws and regulations. In this regard, the Credit Compliance Officer will monitor changes in applicable laws and regulations, provide support to the Chief Compliance Officer and the Compliance Committee, lending and senior management of the Bank in interpreting and understanding lending laws and regulations, and ensure that Bank Policies, Operating Procedures and Systems are sufficient to ensure compliance with banking laws and regulations ( including but not limited to, Home Mortgage Disclosure Act, Truth In Lending Act, Fair Credit Reporting Act, Equal Credit Opportunity Act, Fair Lending, etc.), fees and interest rate calculations and related loan documentation and disclosures.

DIRECT REPORTS
The incumbent has no direct reports but will be required to manage project teams and contract resources.

ESSENTIAL FUNCTIONS
• Research loan compliance questions/issues from bank personnel and provide accurate and timely responses.
• Review credit related marketing and advertising copy.
• Develop, maintain and execute appropriate lending regulation compliance quality assurance, testing, and risk assessment programs.
• Periodically review and audit of the bank’s HMDA compliance program to ensure that all required HMDA data is collected and input on the Loan Application Register accurately and in a timely manner.
• Review and/or assist in the preparation of the annual HMDA submissions to the CFPB by March 1st of each year.
• Assist with the development and maintenance of a comprehensive Fair Lending Program for the Bank.
• Identify potential compliance issues, assist with the development of training materials and facilitate the development and delivery of related training programs to Bank team members.
• Interact with regulatory examiners and senior management on compliance issues relating to the lending area.
• Research via the internet, regulatory newsletters, and other resources to keep abreast of changing laws and regulations relating to HMDA and other regulatory compliance laws and regulations.
• Assist business unit managers in interpreting banking laws and regulations and ensure that related policies, procedures and documents are properly maintained and updated.
• Serve as a backup in the absence of the Chief Compliance Officer.
• Provide technical assistance requested to the Bank CRA Officer.
• Perform other compliance related duties as assigned by the Chief Compliance Officer.

QUALIFICATIONS
• Education: Bachelors degree not mandatory but desirable and relevant Banking experience and related compliance training, College Degree desired.
• Experience: Minimum 5-7 years of lending operations and Compliance experience in a banking environment. Thorough knowledge and understanding of state and federal loan regulations for banks. CRCM Certification preferred.
• Skills/Ability: Detail-oriented and self-motivated. Strong organizational skills. Effective written documentation, verbal communication and interpersonal skills. Proficient PC skills with Microsoft programs. Demonstrated ability to work independently in a fast paced and multi-tasking environment. Demonstrated ability to manage project teams and contract resources. Excellent problem-solving skills and ability to work within tight time constraints. Ability to creatively develop training materials as appropriate and conduct training.

OTHER DETAILS

AVP: $90K – $105K / year
VP: $105K – $118K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.


Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability i