Compliance Specialist II (Lending)

GESA CREDIT UNION•Richland, WA

17h•$26 - $49

About The Position

Compliance Specialist II (Lending) role requires knowledge of consumer regulatory compliance and is responsible for monitoring and assessing adherence to all local, state, and federal regulations. This role will build relationship and network with lending business units to ensure practices stay compliant as a second line of defense. Work with Regulatory Compliance Manager and/or VP of Compliance to perform extensive and complex validation and targeted reviews of lending areas.

Requirements

Understanding of methodologies for researching and analyzing compliance issues
Ability to assess regulatory requirements and assess successful completion of those requirements
Ability to develop an expertise in certain regulatory areas, such as mortgage lending, consumer lending, etc.
Excellent interpersonal and teamwork skills. Excellent listening skills and customer service attributes
Knowledge of loan origination systems and ability to navigate the credit union’s core processing systems
Proficient in computer applications, reporting, and file/data systems
Critical thinking skills, detailed oriented, resourceful, process improvement knowledge, and ability to express ideas
Display values such as mutual respect, trust, honesty and dignity, and act in the best interest of the credit union. Lead by example by displaying solid ethics and integrity at all times
Four (4) year degree required; six (6) years or more experience in banking, regulatory compliance, business management, electronic payments, project management, risk management, internal audit, or another analytical field accepted in lieu of degree
Credit Union Compliance Expert (CUCE) or other related compliance certifications is required. Additional lending certifications are preferred
A solid understanding of a variety of consumer regulatory requirement
Knowledge of concepts, practices, and compliance techniques for the credit union industry
Knowledge of credit union lending processes and procedures which must include experience with origination and servicing in at least one of the following areas: consumer lending, mortgage lending, or commercial lending
Ability to understand and analyze complex legal and regulatory issues and laws and provide compliance recommendations
Understanding of reporting requirements of regulatory agencies relevant to assigned tasks
Some travel required to complete credit union training, assist in training other staff, or approved professional training

Responsibilities

Knowledge and expertise focusing on consumer and mortgage lending areas, specifically Regulation C (HMDA), Truth in Lending Act (Regulation Z), Real Estate Settlement Procedures Act (RESPA), Mortgage Servicing, Fair Credit Reporting Act, and Fair Lending regulations (ECOA and Fair Housing Act), SAFE Act, Flood Disaster Protection Act, Fair Debt Collection Practices Act, and Homeowners Protection Act
Research and assist in the analysis, interpretation, and application of lending regulations and practices as they relate to the credit union
Work with Regulatory Compliance Manager and/or VP of Compliance to perform ongoing reviews of the credit union’s loan products and work with the appropriate departments to analyze loan data for compliance with lending regulations and internal policies and procedures
As part of second line of defense, develop and conduct internal compliance self-assessments and internal reviews to ensure activities are conducted in compliance with applicable laws, regulations, and rules. Communicate the review requirements to appropriate departments, assist in collecting audit material as appropriate, and track all findings and resolutions
Work independently on the credit union’s regulatory risk assessment covering all consumer regulatory related risks, identify the gaps, and provide recommended solutions for the identified gaps. Collaborate with the departmental stakeholders to implement those solutions
Assist with performing monitoring of vendor compliance with consumer regulations, may assist with lending and/or deposit disclosure updates and tracking, compliance monitoring, quality control, and other compliance programs and projects as assigned
Review the implementation of new lending products/services or changes to existing lending products/services for compliance and regulatory requirements and/or for potential issues and implement appropriate compliance validation steps focusing on the lending areas
Assist in evaluating and resolving member complaints related to regulatory compliance
Recommend policies, procedures, and processes to help ensure activities are conducted in compliance with applicable laws, regulations, and rules
Review marketing materials related to lending areas for compliance with applicable state and federal laws prior to their release to the membership, when applicable
Assist with periodic reports to VP of Compliance for reporting to the Board of Directors, Supervisory Committee, and Executive Leadership with regards to compliance matters, when applicable
Keep abreast of changes in regulations as appropriate. Distribute appropriate materials to departments, assess progress on compliance with new regulations, and serve as a subject matter expert to the credit union on compliance related issues. Maintain a continuous study of applicable State and Federal laws
Keep supervisor informed of key operating issues affecting areas of responsibility
Serve as a member of a project team(s) related to lending areas in the capacity of a compliance resource for the implementation of technology, processes, procedures, or the development of training materials and/or function as a compliance resource for the credit union
Function as compliance resource for the credit union including consumer loan regulations and mortgage regulations, including research, analysis, interpretation, and providing answers to consumer regulatory issues from all departments. Assist with training as requested
Perform other job-related duties as assigned by Regulatory Compliance Manager and/or VP of Compliance
Assist with state and federal compliance audits and examinations as needed