Senior Loan Compliance Associate

Employee Benefits:

• Medical, Dental and Vision insurance, including FSA (Flex Spending Account)
• Paid Time Off to include select paid holidays
• Retirement Benefits with generous 401K match

Some Other Favorite Employee Benefits Include:

Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!

Position Summary

The Senior Loan Compliance Associate is responsible for providing assistance to management and employees in oversight, direction, clarification and interpretation of state and federal regulations. Main duties include: analyzing and interpreting federal and state regulations, reviewing and analyzing lending data for regulatory applicability and reporting requirements, administering regulatory testing and monitoring within the bank, and the identification and resolution of compliance exceptions within the Bank. Responsibilities also include implementing an effective Community Reinvestment Act Program. The position requires ongoing research and collaboration across departments, as well as effective communication with auditors, management and executive management, and external examination staff.

The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties. 

Essential Duties and Responsibilities 

1. Evaluate compliance processes throughout the Bank. Make recommendations to improve efficiencies and to ensure compliance with applicable regulations. 
2. Responsible for understanding all aspects of lending regulations to include, but not limited to, Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Flood Disaster Protection Act (FDPA), Real Estate Procedures Settlement Act (RESPA), Home Mortgage Disclosure Act (HMDA, Servicemembers Civil Relief Act (SCRA), Military Lending Act (MLA) and Regulation O. 
3. Participate in the Bank’s regulatory change management program including interpreting and documenting regulatory changes, creating and participating in appropriate projects to implement changes and performing post implementation testing. 
4. Perform testing and monitoring for all lending areas as scheduled based on annual risk assessment. Work with business units to resolve any identified exceptions and implement controls to mitigate future exceptions. 
5. Perform all duties in relation to the Bank’s Community Reinvestment Act (CRA) Program including importing and analyzing data, tracking and approving service and volunteer hours and assisting with annual assessment.
6. Manage NMLS institution user account for the Bank. Add/remove Mortgage Loan Originators (MLO) on the National Registry system. Maintain the accurate MLO list on the Bank’s website & employee directory. 
7. Review assigned programs and policies on an annual basis. Provide recommendations for updates to management and implement approved changes. 
8. Review internal/external department procedures regarding assigned regulations at least annually and provide results to management.  
9. Assist management in regards to all aspects of the Bank’s Fair Lending Program.
10. Understand all aspects of the investor requirements for origination, loss mitigation and servicing of mortgage loans. 
11. Assist with testing and monitoring of deposit accounts as needed.
12. Review marketing materials to ensure all advertising is compliant.
13. Provide effective support, guidance and problem resolution to Bank personnel for compliance issues or questions as requested.
14. Evaluate assigned regulatory training for success in bank wide job duties, and assist in creating or modifying training as appropriate for regulatory changes or exceptions identified.