Credit Compliance & Ops Specialist (Hybrid, Schaumburg, IL)

Byline Bank • Schaumburg, IL

42d • $22 - $27 • Hybrid

About The Position

The Credit Compliance and Operations Specialist is responsible for assisting in underwriting and closing new loans. This role ensures compliance with regulatory requirements and internal policies while maintaining accuracy and efficiency throughout the loan process.

Requirements

• High School Diploma or equivalent required.
• 3+ years of Credit Compliance experience within a financial institution.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated with a strong attention to detail.
• Have strong change management, organizational and planning capabilities.
• Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.
• Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.
• Proficiency in MS Office Suite.
• Possess strong communication skills both verbally and in writing.

Nice To Haves

• Previous experience with appraisal reports or real estate environmental reports is a plus, as well as the use of CRM software.
• Formal credit training, a plus.

Responsibilities

• Maintain accurate records in loan systems and compliance databases, update entries promptly.
• Review reports and identify errors; collaborate with analysts and officers to correct discrepancies.
• Coordinate ordering, tracking, and reviewing reports from third-party vendors, including real estate appraisals, environmental reports, business valuations, and equipment appraisals.
• Onboard new vendors and ensure compliance with internal standards.
• Provide vendors with necessary information from internal staff to complete ordered reports.
• Communicate with vendors to ensure deadlines are met and resolve any delays.
• Timely and effectively communicate with internal staff and external vendors about order progress.
• Utilize Bank Customer Relationship Management (CRM) software to input details and dates for reports ordered.
• Appropriately save reports and invoice details in the Bank's CRM software and payment system.
• Track, save, and process invoices/payment requests through accounts payable.
• Work with internal loan teams to prepare reconciliations and refunds of customer deposits for loans undergoing adverse action.
• Process and mail checks for refunds accurately and promptly.
• All other duties as assigned.

Benefits

• Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
• In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees