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Form of workJob Description
The Compliance Specialist will assist in assuring all lending activities adhere to applicable local, state, and federal regulations. This position will serve as a compliance subject matter expert in advising partners across business lines and operational areas on compliance-related questions and regulatory implementation. Loan-level testing and support of loan production staff will be a vital aspect of this position. Qualified candidates should have a working knowledge of mortgage lending regulations and the ability to stay abreast of regulatory changes.
ESSENTIAL JOB FUNCTIONS- Regulatory Research
- Loan Level Review and Testing
- Regular Communication with Production Partners
- Application of Mortgage Lending Regulations
- Data Analysis and Reporting Skillset
- Successful Management of Multiple Projects
- Completion of Reviews/Projects in Timely Manner
- Implementation of Approved Training
- Assist with internal and external audit requests
- Recurring Compliance Monitoring
Minimum Education:
- High School Graduate or Equivalent Required
- 4-Year Degree in Legal, Finance, or Business Desired
Minimum Knowledge:
- Knowledge of mortgage lending regulations
- Ability to navigate complex compliance research
- Strong analytical and data collection skills
- Demonstrated communication and organizational skills
- Proficiency in various computer software programs including Microsoft Office (Excel, Word, Access), database management and other business applications
- Ability to work independently with little or no supervision
- Employees are expected to carry out all reasonable requests by managers/supervisors, which the employee can perform
- Maintain equipment and supplies to avoid waste, damage to areas and equipment, and to prevent accidents
- Maintain confidentiality of employee and company information
- Employees must record all hours worked accurately and honestly in the timekeeping system
Minimum Experience:
- Minimum of 3-5 years experience in a compliance assistant or monitoring role.
This job description is designed to provide guidelines and direction for accomplishing company, departmental, and individual goals and objectives. It covers the essential responsibilities and activities involved in the effective execution of this position. It is not meant to be all-encompassing or all-inclusive. All job duties and responsibilities must be performed within the guidelines of the Employee Handbook as well as established policies and procedures.
ANNUAL TRAINING REQUIREMENTSNew hires must complete the following training courses:
- BSM/AML: The Basics
- Marketing Compliance
- Annual Consumer Complaint Attestation
Existing employees must complete the following training courses:
- BSA and AML: Essentials
- Annual Sexual Harassment Training
Must be able to navigate throughout the building. Must be able to hear and communicate well. Must have good eye-hand coordination and finger movement for use in computer software programs.
ADDITIONAL INFORMATIONNotice: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.
