Compliance Administrator II

Eastern Bank•Wakefield, MA

10d•$25 - $40

About The Position

The Compliance Administrator is responsible for ensuring that all loan files and documents have been executed correctly according to the applicable regulatory requirements with emphasis on HMDA regulations and the Bank’s internal policies and procedures. The Compliance Administrator may also be responsible for assisting with some in office administrative tasks from time to time including but not limited to processing the mail, puling mortgages, and processing fees and payoffs.

Requirements

Advanced communication and negotiating skills are necessary to work in this fast-paced environment.
Must work well independently and seek assistance when needed.
Ability to recognize, communicate, and implement process improvements.
Effectively communicate with Branches and others.
Maintain comprehensive application notes throughout the loan origination process.
Ensure compliance with all bank policies and procedures.
Participate in special projects as required by management.
Familiar with all Consumer Lending products and applicable regulations including but not limited to HMDA, ECOA, Truth in Lending, UDAAP, FCRA.

Nice To Haves

Minimum 1 year banking experience preferred
Solid working knowledge of the Home Equity Line of Credit product is preferred.
Experience working with consumer lending products preferred.

Responsibilities

Review originated consumer loans for Quality Control purposes.
Ensure proper documentation is received and uploaded to the Loan Origination system.
Communicate with other departments on any outstanding issues/concerns.
Update loan origination system data and other system with accuracy and compliance. Maintains up to date notes in loan origination system for management reporting.
Continually educates branch staff on product information, legal requirements, and policy guidelines.
Review HMDA-reportable loans for accurate regulatory reporting, report inaccuracies to management for correction.
Assist the Compliance Analyst team with review of HMDA data, Flood requirements, and regulatory testing.
Assist with many administrative duties in the office as needed.
Participate in projects and new initiatives as needed.