Loan Compliance Specialist
About The Position
We are seeking a Loan Compliance Specialist to join our Loan Administration team. Reporting to the Director of Quality Assurance, the Loan Compliance Specialist performs Compliance First Line of Defense reviews in the Loan Administration Department to ensure the bank is accurate and compliant to State and Federal regulations. Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank. We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way. At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us?
Requirements
- 3-5 years of Commercial and Consumer loan processing, documentation and compliance experience
- Strong oral and written communication skills
- High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation
Nice To Haves
- Loan compliance software experience preferred (Compliance Relief)
- Bachelor’s degree preferred
Responsibilities
- Confirms, collects and inputs HMDA and CRA data to ensure it is consistently and accurately gathered and stored as defined by bank policy and procedure.
- Assists in submitting the CRA and HMDA LAR’s.
- Assists in completing compliance reviews to ensure the bank adheres to regulations.
- Performs Adverse Action monitoring elevating issues to leader.
- Administers Flood insurance monitoring to ensure compliance with regulation.
- Adverse Action Letter request and review to ensure compliance with Regulation B.
- Conducts back-up to monitoring of SOX controls.
- Monitors regulatory documentation requirements are fulfilled and uploaded to the imaging system setting exceptions for any missing documentation.
- Presents findings and recommends process changes to improve efficiency and accuracy.
- Assist in writing of procedures and job aids.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Parental leave
- 401(k) with employer match
- Paid vacation & paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
251-500 employees
