Senior CLA/Quality Control Administrator

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

 

POSITION OVERVIEW:

This position performs a variety of tasks within the Commercial Lending Administration Team in support of the Commercial Lending Division. Areas of specialty include CRA; Validate commercial lending teams' adherence to compliance, loan policy, procedures and regulations; assist in training, developing and implementing effective controls and procedures; monitor the commercial lending teams adherence to same via reporting in the LOS; Other general Administration duties as well as perform as a backup to specific Administration Job Tasks assigned to Loan Administration Officers –covering Operations, LOS, reporting and other Compliance QC.

 

KEY RESPONSIBILITIES:

• With some supervision, completes periodic validation and testing of transactions, processes, and controls that evaluate the adequacy, comprehensiveness and effectiveness of CRA compliance functions.
• Responsible for quality control and accuracy of commercial CRA reporting to the Bank’s Compliance Department.
• In conjunction with Compliance Department, develops effective compliance process, procedures, and training material and trains all levels of commercial lending staff.
• Acts as a knowledgeable initial compliance resource to the lending staff for daily support and interpretation of CRA regulations. 
• Conducts follow up with business units on implementation and status of monitoring review recommendations and/or findings.
• Compiles materials for internal and external compliance audits, as well as regulatory examinations. Responds to audit inquiries during exams and report findings.
• Works with the Compliance and Post-Closing divisions to implement regulatory initiatives and loan documentation requirements.
• Reviews LOS reports to ensure input meets compliance requirements.
• Maintains knowledge of applicable regulations and obtains continuing education in responsible areas.
• Coordinate projects throughout the Bank business units, including commercial loans, audit, finance, compliance, legal, loan operations, credit administration and loan administration.
• Monthly Fee income and new loan origination validations
• Incentive plan review and validation
• Reports generation and distribution
• 3rd Party Report GL Fee processing and reconciliation
• Provide subject Matter expertise for Digital Technology Enhancements,
• Participate in Systems testing
• Perform regular Group Exposure maintenance
• Host Meetings with Loan Admins within Groups for weekly updates
• Support for Manual Reporting to the Board. Compiling, validating and finalizing Monthly reports.
   

MINIMUM QUALIFICATIONS:

• High School Diploma or GED.
• Minimum 7 years’ experience commensurate with job function
• Familiarity with Federal and State commercial lending regulations.
• Strong working knowledge of bank software applications, including LOS, Core, CMR, Microsoft office, FCM and SharePoint.
• Knowledge of lending products, retail banking and bank policies.
• Excellent interpersonal verbal communication skills.
• Ability to prioritize multiple projects and complete them on time.
• Ability to identify gaps in process; develop improvements and train users on the new process.

 

PREFERRED QUALIFICATIONS:

• Associate degree

 

WORKING CON