HMDA Compliance Specialist I

Bank OZK•Little Rock, AR

21h•Onsite

About The Position

Identifies Home Mortgage Disclosure Act (HMDA) reportable loans and applications and uses file documentation to create an accurate and complete loan application register (LAR). Bank OZK is a nationally recognized industry leader in financial services with over 120 years of banking history. We combine exceptional service with innovative technologies to deliver smart solutions to clients nationwide, investing in small businesses, fueling local economies, and changing skylines in major cities. We foster careers, not just fill roles, by providing an exceptional team and a comprehensive benefits package supporting physical, mental, and financial well-being, including generous PTO, 401(k) matching, health, dental, vision, and pet insurance, plus special perks and discounts.

Requirements

Knowledge of Regulation C/Home Mortgage Disclosure Act, as well as other consumer protection regulations impacting HMDA reporting, including but not limited to Regulation Z/Truth in Lending and Regulation B/Equal Credit Opportunity Act.
Knowledge of laws and regulations pertaining to HMDA data reporting.
Ability to demonstrate effective research skills.
Ability to demonstrate effective organization, critical thinking, analytical and problem-solving skills.
Ability to demonstrate initiative to accomplish work objectives.
Ability to manage multiple tasks with exacting deadlines in a continually changing environment.
Ability to work independently without close supervision.
Ability to communicate effectively both verbally and in writing.
Ability to work effectively in a team environment.
Ability to demonstrate effective use of specialized software.
Ability to maintain a high attention to detail.
Ability to demonstrate effective collaboration skills to achieve team goals.
Skill in using computer and Microsoft Office, including Outlook, Word, Excel, and PowerPoint.
High school diploma or equivalent, required.
1+ year of work experience in banking or similarly regulated field, required.

Nice To Haves

Bachelor’s degree in job-related field, preferred.
Experience in lending production, bank operations/administration, and/or bank compliance or audit, preferred.

Responsibilities

Completes a timely review of credit applications and originated loans by gathering information and validating data accuracy to complete the HMDA LAR.
Utilizes knowledge of laws and regulations pertaining to HMDA data reporting and applies that knowledge to transactions, scenarios, and Bank practices.
Ensure HMDA LAR data is accurate in accordance with and as required by regulatory and Bank standards.
Participates in HMDA data scrubs based upon error rates identified in quality control, testing, audit, or other reviews.
Performs other duties assigned as determined by Compliance Leadership.
Coordinates with the Compliance staff and other Bank employees on Compliance issues.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures, and guidelines.