Regulatory Monitoring Specialist
About The Position
Shore United Bank is seeking a full-time Regulatory Monitoring Specialist to join our team. This role is responsible for accurately reporting CRA and HMDA data collected by Consumer, Commercial, and Mortgage Operations teams. The Regulatory Monitoring Specialist ensures that all required applicant information is properly documented and maintained with integrity in accordance with regulatory requirements and bank policies and procedures. Additionally, this position conducts internal monitoring tests to support compliance efforts and communicates effectively with appropriate personnel and management to address findings and ensure adherence to established standards.
Requirements
- High school diploma/GED equivalent.
- 1 year experience with HMDA.
- 1 year experience with CRA.
- 1 year experience within the banking industry.
Responsibilities
- Accountable for responding to requests and inquiries from internal Compliance.
- Responsible for maintaining records and providing assigned reports on a quarterly and annual basis.
- Conducts completion of the institutions HMDA-LAR and CRA report on an annual basis.
- Ensures mandatory information is collected from loan originator to remain compliant with regulatory mandates.
- Serves as liaison with regulators, internal and external auditors as expected by Management.
- Assists in educating and training bank staff on Compliance and regulatory obligations.
- Abides by current laws, organizational policies/procedures in which were designed and implemented to promote an environment free of harassment and other forms of illegal discriminatory behavior in the workplace.
- Reports pertinent information to the immediate supervisor as requested, or according to an established schedule; compiles information as necessary or as directed and provides data to appropriate bank personnel.
- Responds to inquiries relating to his/her area, to requests from customers or bank personnel, within given time frames and within established expectations communicated from Management.
- Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
- Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.
Benefits
- Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
- Comprehensive benefits package for full-time, permanent employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
- Paid parental leave
- 401k savings plan with up to a 4% company match
- Employee Stock Purchase Plan
- Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
- Opportunity for growth and advancement
- Paid training program and continuous training sessions throughout the year on various topics
- Generous paid time off and paid sick time
- Community involvement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
