Compliance Analyst

Stock Yards Bank & Trust•Louisville, KY

About The Position

Compliance Analyst supports the second line of defense by executing monitoring and testing activities across mortgage originations, servicing, and other consumer compliance areas. Analysts apply structured procedures and test scripts to assess adherence to regulatory requirements, investor guidelines, and internal controls. Depending on level (I, II, III), the Analyst may also assist in the development of new testing procedures, lead workstreams, or design test methodologies from time to time. The role operates with implied compliance authority to identify, document, and escalate findings in accordance with established protocols and contributes to the continuous improvement of the bank’s compliance management system. In addition, the Compliance Analyst will provide support for other activities throughout the Compliance Department as needed, ensuring flexible assistance in meeting departmental goals and responding to emerging priorities.

Requirements

BS/BA in Business, Finance, or related field (or equivalent experience)
Minimum of 2 years of experience in banking, mortgage operations, or compliance preferred
Demonstrate foundational knowledge of consumer compliance laws and mortgage lending practices
Understand bank policies and procedures relevant to lending and servicing
Apply strong attention to detail and follow structured procedures with consistency
Exhibit strong analytical and problem-solving skills
Define problems and propose practical solutions
Work independently with limited direction from supervisor
Manage time effectively and stay organized across multiple tasks
Function efficiently in a multi-task environment
Communicate clearly and professionally in both verbal and written formats
Use Microsoft Excel, Word, and SharePoint proficiently
Ability to read, analyze and interpret government regulations, trade journals and legal documents

Nice To Haves

Progress toward CRCM certification (or similar) is encouraged but not required

Responsibilities

Perform structured testing of mortgage originations and servicing activities using approved scripts with a high degree of accuracy, thoroughness, and independence in accordance with investor and regulatory requirements
Execute prefunding and post-closing loan reviews for agency and portfolio products corresponding with investor expectations in recalculations of income, assets, credit, and collateral
Validate re-verification documentation and ensure consistency with loan approval data
Reconcile closing disclosures to fee tolerance thresholds and cure requirements
Test servicing readiness including escrow setup, borrower communications, and transfer protocols
Validate compliance with consumer protection laws including TRID, ECOA, HMDA, RESPA, FCRA, and UDAAP
Apply defect taxonomy to findings, assigning severity ratings and root cause codes per playbook
Document findings from assigned reviews in comprehensive written reports that describe the issue, its potential impact, and recommended corrective actions; follow up with management to determine the status of remediation
Maintain detailed work papers with factual support, severity rationale, and linkage to applicable requirements
Maintain evidence logs showing resolution or escalation of flagged items
Track issues and exceptions in an issue log, escalating overdue items per protocol
Document and submit QC reports with corrective actions and due dates, maintaining cycle time targets
Support monthly reporting with metrics, trend analysis, and summaries for management review
Coordinate with business units including Lending Operations, Retail Lending, and Servicing to obtain documentation and clarify findings
Perform other compliance reviews and administrative tasks (e.g., administrative QC checks) as required
Provide assistance to external auditors and bank examiners as needed
Complete all required training to maintain awareness of regulatory changes and internal procedures
Conduct special projects as assigned
Maintain understanding of the bank’s products, services, geographic locations, relevant investor requirements, and the potential risks associated with those activities
Assist with coordination of federal and/or state regulatory agency examiners during examinations
Furnishing examiners and GSE investors with requested information
Perform other duties, as assigned