Lending Compliance Advisor

Members 1st Federal Credit Union•Enola, PA

About The Position

The Lending Compliance Advisor assists with the operations of the Compliance Program under the supervision and direction of the Consumer Compliance Assistant Manager and is responsible for lending compliance. The role works with business units to support compliance with applicable consumer protection laws, rules, regulations, and guidelines, including the Truth in Lending Act, Fair Credit Reporting Act, Real Estate Settlement Procedures Act, Secure and Fair Enforcement for Mortgage Licensing Act, and Fannie Mae and Freddie Mac guidelines. The Advisor reviews consumer and commercial lending products, processes, and disclosures; conducts lending compliance testing, monitoring, risk assessments, and internal and external compliance reviews; monitors regulatory changes; and provides regulatory interpretation, advisory review, and training support. The role participates in new-product rollout projects, researches issues as requested, and assists with written reports on Compliance Program activities for leadership. Working with the Risk and Compliance Officer – Consumer Lending, the Advisor provides direction on correcting violations and operational deficiencies that raise compliance concerns. The position monitors the timeliness of responses to compliance reviews and audits, escalates issues for corrective action as needed, and develops, implements, and conducts training programs and sessions for Credit Union associates on lending compliance requirements and procedures.

Requirements

5–8 years of related experience.
Advanced analytical, problem-solving, and critical-thinking skills.
Strong attention to detail.
Strong interpersonal, communication, and collaboration skills.
Excellent working knowledge of compliance and regulations.
Solid organization, time-management, and planning skills.
Knowledge of Credit Union products, services, and processes.
Knowledge of applicable laws and regulations.
Ability to communicate effectively in English, orally and in writing.
Ability to prepare and analyze data and figures, view a computer terminal, and perform extensive reading.
Ability to sit for extended periods.
Sufficient manual skill to operate a PC keyboard and other standard office equipment.
Ability to travel, including occasional overnight travel.
Ability to exert minimum amounts of force occasionally to lift, carry, push, pull, or move objects.

Nice To Haves

Certification in Compliance (CRCM and/or NCCO/CUCO).

Responsibilities

Assist with operating the Compliance Program under the supervision and direction of the Consumer Compliance Assistant Manager.
Work with business units to support compliance with applicable lending laws, rules, regulations, and guidelines.
Monitor changes in the regulatory environment.
Conduct risk assessments and internal and external compliance reviews.
Review consumer and commercial lending products, processes, and disclosures for regulatory compliance.
Conduct compliance testing and monitoring specific to lending activities.
Provide specialized regulatory interpretation, advisory review, and training support.
Participate in projects for new product rollouts.
Research compliance matters as requested by the Consumer Compliance Assistant Manager.
Assist in drafting written reports on the Compliance Program's work for leadership.
Work with the Risk and Compliance Officer – Consumer Lending to provide direction on correcting violations and operational deficiencies that cause compliance concerns.
Monitor the timeliness of responses to compliance reviews and audits.
Escalate compliance issues or concerns as needed for corrective action.
Develop, implement, and conduct training programs and sessions for Credit Union associates on lending compliance requirements and procedures.