Compliance Analyst - Regulatory Change Managemement

Luminate Bank • Minneapolis, MN

1d • $80,000 - $85,000

About The Position

Luminate Bank is centralizing its Regulatory Change Management function within Enterprise Compliance to strengthen oversight of regulatory obligations across all business units. The Compliance Analyst – Regulatory Change Management is the operational owner of this function: tracking regulatory and GSE changes from identification through confirmed, evidenced implementation; coordinating with business unit (BU) leads on scoping, notification, and evidence collection; and supporting risk-tiered post-implementation effectiveness testing. This role is central to Luminate Bank's readiness for FDIC and Minnesota Department of Commerce (MN-DOC) examinations, Ginnie Mae issuer oversight, and potential OCC charter conversion.

Requirements

• Bachelor's degree in a related field, or equivalent combination of education and relevant compliance/regulatory experience.
• 2+ years of experience in bank regulatory compliance, compliance change management, quality control, or a related risk/audit function; mortgage or consumer lending compliance experience strongly preferred.
• Working knowledge of core consumer financial protection laws and their implementing regulations, including: the Truth in Lending Act (TILA) and Regulation Z; the Real Estate Settlement Procedures Act (RESPA), Regulation X, and the TILA-RESPA Integrated Disclosure (TRID) rule; the Equal Credit Opportunity Act (ECOA) and Regulation B; and the Home Mortgage Disclosure Act (HMDA) and Regulation C.
• Familiarity with UDAAP standards (Section 5 of the FTC Act; Sections 1031/1036 of the Dodd-Frank Act) and how they apply to change implementation and BU rollout consistency.
• Understanding of FDIC compliance management system (CMS) examination expectations; awareness of state regulatory oversight (e.g., Minnesota Department of Commerce) is a plus.
• Experience with, or ability to quickly learn, GRC/compliance workflow platforms; direct experience with NComply (NContracts) is a plus.
• Strong organizational skills with demonstrated ability to manage a high volume of concurrent tracked items, deadlines, and cross-functional stakeholders.
• Excellent written communication skills, including the ability to draft clear BU notifications and examiner-ready documentation.
• Ability to work independently while partnering effectively with business unit leads who do not report to this role.

Nice To Haves

• Certified Regulatory Compliance Manager (CRCM) designation, or working toward one.
• Prior experience supporting Ginnie Mae issuer requirements, GSE seller/servicer compliance, or de novo/charter-conversion examination preparation.
• Experience designing or operating a risk-tiered testing or quality control program.
• Experience with compliance reporting/dashboard tools is a plus.

Responsibilities

• Monitor incoming federal and state regulatory changes, agency guidance, and GSE (e.g., Ginnie Mae, Fannie Mae/Freddie Mac) bulletins via the NComply (NContracts) platform.
• Log all identified regulatory changes in NComply, regardless of business unit applicability, to maintain a single enterprise system of record.
• Review and scope each regulatory change for applicability; assign to the responsible business unit(s) within NComply with citation, effective date, required action summary, and evidence requirements.
• Issue formal notifications to BU leads with defined acknowledgment deadlines; track responses and escalate non-response per established protocols.
• Maintain a documented, examiner-ready chain of notification for every assigned change.
• Track BU implementation status (policy updates, training completion, system configuration, procedural changes) through to completion.
• Review submitted evidence for adequacy and completeness; accept or return submissions with documented rationale.
• Conduct or coordinate independent post-implementation effectiveness testing for changes designated high-risk or high-complexity under the Bank's risk-tiering framework.
• Document testing results and support reporting to the Enterprise Compliance Committee (ECC) and Board Audit Committee as applicable.
• Support tracking and remediation of related compliance findings and issues, including root-cause documentation and closure evidence.
• Contribute to the Regulatory Change Management dashboard for ECC and Board Audit Committee reporting.
• Support internal gap assessments against FDIC compliance management system (CMS) expectations and prepare documentation for examination response packages.

Benefits

• Competitive compensation reliant on ability and experience
• Excellent benefits package including health, dental & vision and pre-tax savings accounts
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities
• 401K with company match
• Flexible PTO program second to none
• The opportunity to work for the Midwest’s fastest growing lender

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level