Lending Compliance Officer
Posted Updated
Description
Primary Responsibilities
- Regulatory Compliance: Monitor and assess compliance with applicable lending requirements, including Regulation B/ECOA, Regulation Z/TILA, RESPA/Regulation X, HMDA/Regulation C, Flood Disaster Protection Act requirements, FCRA, SCRA, MLA, fair lending requirements, and applicable Utah lending laws, as well as regulatory requirements affecting commercial lending.
- Regulatory Change Management: Track new and amended lending laws, regulations, regulatory guidance, and examination expectations; assess their impact on Bank products, procedures, disclosures, systems, and controls; and coordinate implementation with affected business units.
- Compliance Monitoring: Develop and perform risk-based monitoring and testing of consumer and commercial lending activities, document findings, identify compliance deficiencies, and track corrective actions through resolution.
- Loan and Product Review: Provide compliance review and guidance regarding loan products, disclosures, forms, fees, advertising, underwriting practices, servicing practices, and new or modified lending products and processes.
- Policies and Procedures: Assist in developing, maintaining, and periodically reviewing lending compliance policies, procedures, checklists, and controls to reflect current regulatory requirements and Bank practices.
- Examination and Audit Support: Serve as a key liaison with federal and state regulatory examiners and internal and external auditors on lending compliance matters. Coordinate document requests, responses, supporting documentation, management responses, and remediation of findings.
- Issue Tracking: Maintain organized tracking of examination findings, audit findings, monitoring exceptions, regulatory changes, compliance commitments, responsible parties, deadlines, and evidence of completion.
- Fair Lending: Support the Bank’s fair lending compliance program, including monitoring for potential discriminatory practices and assisting with reviews of underwriting, pricing, exceptions, denials, and other lending activity.
- Training and Advisory Support: Provide practical compliance guidance and training to commercial, mortgage, and consumer lending personnel and communicate material regulatory developments to appropriate management.
- Reporting: Prepare periodic reports for management and appropriate committees concerning regulatory developments, monitoring results, outstanding compliance issues, remediation status, and emerging lending compliance risks.
- Working knowledge of federal and state banking and lending laws and regulations.
- Experience in banking compliance, lending, loan operations, audit, risk management, or a related area.
- Strong analytical, organizational, documentation, and written communication skills.
- Ability to interpret regulatory requirements and translate them into practical lending procedures and controls.
- Ability to manage regulatory examinations, document requests, findings, and remediation across multiple business units.