Loan Compliance Assistant

LED FastStart•Jeanerette, LA

About The Position

The Loan Compliance Assistant supports the Compliance Officer in ensuring the bank follows regulatory requirements and applicable policies and procedures and maintains a strong compliance management program. The role performs quality-control reviews and works with compliance staff to identify, measure, and monitor compliance risks. Primary duties include reviewing loan accounts for compliance and policy exceptions, assisting with pre-closing reviews, tracking denied and withdrawn loan applications, managing loan exceptions, and reviewing TRID loan estimates, closing disclosures, and closing documents. The assistant also supports compliance data collection, entry, verification, and reporting, including HMDA, CDFI, and Community Reinvestment Act reporting. The role provides quality service to customers, prospective customers, employees, vendors, and others; completes assigned compliance training; and performs other assigned duties. When needed, the employee may provide backup to Compliance or BSA Specialists, including deposit-account reviews, wire-transfer reviews, appraisal coordination, report reviews, and management of deposit exceptions. No supervisory responsibilities are assigned.

Requirements

High school diploma or GED.
Three years of banking experience, preferably with loan documentation review or loan administration, or an equivalent combination of education and experience.
Integrity, discretion, and respect for confidentiality and privacy.
Knowledge of bank products and services.
Critical thinking and analytical skills.
Presentation, interpersonal, and collaborative skills for working with internal customers at all levels.
Ability to place and retrieve paper or digital files in chronological, alphabetical, numerical, or alphanumeric order.
Computer skills, good typing skills of at least 40 words per minute, and ability to operate business office machines.
Ability to use Microsoft Office Suite, a 10-key calculator, copy machine, and multifunction printer/scanner/fax machine.

Nice To Haves

Background in loan documentation review or loan administration.
Knowledge of loan documentation.
Knowledge of deposit documentation.
Knowledge of BSA, AML, and OFAC regulations.
Knowledge of key banking regulations.

Responsibilities

Follow federal, state, and local regulations governing financial institutions and comply with bank policies and procedures.
Review loan accounts for compliance and policy exceptions daily; add, clear, and review loan exceptions.
Assist with pre-closing reviews as needed.
Track and review denied and withdrawn loan applications.
Add insurance and inspection exceptions from core ticklers weekly.
Compile exception counts by loan for the weekly Exception Ranking report.
Review TRID loan estimates, closing disclosures, and closing documents.
Assist the Compliance Officer with collecting, entering, and verifying data for HMDA Loan Application Register, CDFI, and Community Reinvestment Act reports.
Provide quality customer service to customers, prospective customers, internal customers, vendors, and other individuals.
Complete assigned compliance courses and other training by their deadlines.
Perform other duties and responsibilities as assigned.
When serving as backup, review Reg CC and savings-account holds; review deposit accounts for CIP exceptions and errors; and bid or order real estate appraisals, evaluations, and validity reviews.
When serving as backup, review incoming and outgoing wire transfers and specified account, loan, stop-payment, hold, and Verafin reports.
Add, clear, and review deposit exceptions and manage weekly deposit-exception reports.
Communicate operational problems, noncompliance, policy violations, or illegal actions upward and participate in required compliance training.