Compliance Analyst/ILR Coordinator
About The Position
The Compliance Analyst/ILR Coordinator is responsible for supporting the Bank’s Compliance Program to ensure adherence to federal and state regulatory requirements through the effective management of the Compliance Management System (CMS). Manages the Internal Loan Review (ILR) Program in accordance with the Bank’s ILR Policy, overseeing third-party loan reviews and/or directly conducting reviews of the Bank’s commercial loan portfolio to ensure compliance with ILR Policy penetration guidelines. Supports compliance reviews, audits, and risk assessments to identify and mitigate regulatory risks, recommending corrective actions, and enhancing the organization’s overall compliance framework. Collaborates with internal departments to interpret and apply regulations, assisting in policy and procedure development, supporting regulatory examinations, monitoring regulatory changes, and providing compliance training to strengthen the Bank’s compliance posture.
Requirements
- 5-8 years of related regulatory compliance and/or internal loan review experience
- Deep understanding of financial industry, compliance, Risk Management and CRA & Fair Lending banking laws, Independent Loan Review, regulations and regulatory expectations as well as compliance management disciplines and techniques.
- Excellent interpersonal and communications skills, both written and verbal
Nice To Haves
- College Degree preferred, Compliance designation a plus
Responsibilities
- Monitor and interpret regulatory changes and updates to ensure the company remains compliant with all relevant laws and regulations.
- Develop, implement, and maintain compliance policies and procedures.
- Conduct regular compliance audits and risk assessments.
- Provide training and support to staff on compliance-related matters.
- Prepare and submit regulatory reports and filings as required.
- Assist with monitoring regulatory requirements across various bank locations, including CRA, Fair Lending, Regulations AA, Z, C, E, DD, X, CC, FCRA/FACT Act, UDAP, etc.
- Demonstrate experience with CRA and Fair Lending products.
- Serve as a resource for regulatory matters and compliance-related initiatives. Respond to questions from business units regarding interpretations of regulatory requirements and applicable guidance. Provide compliance analysis and support for new products and services implemented by the bank.
- Assists the management team with document collection for audits and regulatory examinations as necessary.
- Coordinate all third-party and internally performed loan reviews of the Bank’s commercial loan portfolio, ensuring adherence to the Bank’s ILR Policy penetration guidelines.
- Manage the FDICIA ILR risk management controls audits, which require a risk analysis of internal controls through the FDICIA matrix for the ILR department. Provide annual certification for each noted internal control.
- Report on the ILR findings to the Bank’s Credit Risk Sub-Committee monthly and the Enterprise Risk Committee quarterly.
- Track and report risk rating migrations to the Bank’s Credit Risk Sub-Committee monthly and the Enterprise Risk Committee quarterly.
- Manage the annual review of the Bank’s Risk Identification Policy, presenting all edits to the Chief Risk Officer for approval, and then reporting to the Credit Sub-Committee and ERM. This includes cross-checking the policy risk rating metrics with the matrices in Abrigo.
- Perform other tasks which may be assigned by management.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
