Loan Compliance Coordinator

Carter Bank•Martinsville, VA

3d•Remote

About The Position

Assists in ensuring Carter Bank adheres to all applicable state and federal regulations and compliance requirements with a focus on consumer lending operations. This position will also assist in developing, implementing, monitoring, and training to ensure that the associates, products and services, and processes used at the bank are effective in order to adhere to compliance requirements by state and federal regulations for financial institutions.

Requirements

High school diploma or equivalent required
Prior experience assisting in Regulatory Compliance area to complete monitoring type tests, reviews of transactions, and identify weaknesses in controls
Good balance between regulatory, practical knowledge and experience to advise others
Intermediate understanding of various lending regulations such as, but not limited to, HMDA, Flood, ECOA, TILA, TRID, RESPA, SAFE Act, FCRA and UDAAP
Intermediate verbal and written communication skills
Intermediate data analysis skills
Intermediate organizational skills
Basic project management skills
Intermediate collaboration skills
Intermediate time management skills
Intermediate proficiency with Microsoft Office, especially Word, Excel and Outlook
Standing, walking, bending and stooping required
Must be able to sit at a desk for long periods of time and use a computer
Must be able to occasionally move or lift up to 10 pounds

Nice To Haves

Associate Degree or equivalent work experience preferred
Prior banking experience preferred
Complete ABA’s Lending Certification program within 3 years
May be asked to work supplemental hours periodically
Limited travel required occasionally during and after business hours

Responsibilities

Follow the four pillars of the Compliance Program, detailing policy and procedures; Monitoring to self-assess the effectiveness of the bank's policies and procedures; Training which will be dictated by the periodical risk assessments and results from monitoring and external examinations; and a comprehensive Consumer Compliant Program
Serve as the primary contact to assist the lending area with day to day compliance questions by providing practical knowledge around consumer lending regulations
Identify and resolve issues and escalate to the Compliance Director as appropriate
Perform monitoring reviews and prepare applicable reports that outlines out of compliance situations and provide recommendations for improvements to correct and maintain lending compliance for the bank
Serve as compliance liaison for projects regarding lending activities such as new software, forms, and processes that enhances the products and services we offer or add efficiencies to lending workflows
Review and approve marketing materials as they relate to lending
Implement regulatory change management plans as lending regulations change
Assist with the maintenance and enhancement of the Compliance Management Program as required for a bank to operate in accordance with FDIC acceptable standards
Serve as liaison with appropriate managers and staff to assist with implementation of Compliance policies and procedures
Coordinate/assist the Compliance Director with the Annual Review of bank policies and procedures to ensure they comply with prescribed banking regulations
Assist the Compliance Director with maintenance of the Risk-based Monitoring Program for bank products and services to assure that management receives periodic and timely feedback to maintain a high level of compliance
Serve as needed as a liaison for all external Compliance Audits and Examinations by Regulatory Agencies.
Assists with the processing of complaints as needed