Consumer Loan Compliance Specialist

University of Kentucky - Lexington, KY

Full-time - Mid Level

Remote - Lexington, KY

Educational Services

About the position

The Consumer Loan Compliance Specialist at the University of Kentucky Federal Credit Union is responsible for ensuring compliance with internal procedures and regulatory requirements related to consumer lending. This role serves as a resource for other departments, assisting in maintaining compliance with applicable laws and regulations, and involves conducting risk assessments, compliance reviews, and training programs.

Responsibilities

• Assist in the facilitation of procedures related to loan operations by communicating consumer loan-related regulatory changes.
• Assist the Compliance and Risk Manager in the development of an annual Compliance Risk Assessment of consumer lending-related regulations.
• Identify and chart consumer lending transaction processes and assess the adequacy of consumer loan-related procedures.
• Conduct risk-based consumer loan reviews with appropriate transactional testing and determine root causes of identified issues.
• Participate in the review of all new loan-product offerings to ensure regulatory compliance.
• Assist with consumer lending projects and conduct research as needed.
• Maintain knowledge regarding the Graham Leach Bliley Act for Privacy and assist with investigations of sensitive information violations.
• Assist in the development of record retention procedures for consumer loan compliance.
• Work with management to develop a regulatory compliance training program for consumer lending employees.
• Attend and/or conduct consumer lending-related meetings as needed.

Requirements

• Five to seven years of similar or related experience in monitoring compliance in lending.
• 2-year Associate's Degree in Business Administration, Accounting, Finance, or related field, or equivalent experience.
• Strong attention to detail and ability to define problems, collect data, and draw conclusions.
• Ability to communicate effectively with others and work collaboratively with employees.
• Ability to work independently and manage strict deadlines.

Nice-to-haves

• CRCM or comparable certification preferred but not required.

Benefits

• Optional hybrid work arrangement (maximum of two days remote, three days in-office)
• Professional development opportunities
• Health insurance coverage
• Retirement savings plan options