Apply on Employer Site

Gesa Credit Union · 8 hours ago

Compliance Specialist II (Lending)

Richland, WA

Full-time

Onsite

Mid, Senior Level

$25.70/hr - $42.83/hr

6+ years exp

Gesa Credit Union is a community-focused organization that values the unique experiences of its team members. The Compliance Specialist II (Lending) is responsible for ensuring adherence to consumer regulatory compliance within lending practices, conducting reviews, and collaborating with various departments to mitigate compliance risks.

CreditFinancial ServicesLending

Growth Opportunities

Responsibilities

Knowledge and expertise focusing on consumer and mortgage lending areas, specifically Regulation C (HMDA), Truth in Lending Act (Regulation Z), Real Estate Settlement Procedures Act (RESPA), Mortgage Servicing, Fair Credit Reporting Act, and Fair Lending regulations (ECOA and Fair Housing Act), SAFE Act, Flood Disaster Protection Act, Fair Debt Collection Practices Act, and Homeowners Protection Act

Research and assist in the analysis, interpretation, and application of lending regulations and practices as they relate to the credit union

Work with Regulatory Compliance Manager and/or VP of Compliance to perform ongoing reviews of the credit union’s loan products and work with the appropriate departments to analyze loan data for compliance with lending regulations and internal policies and procedures

As part of second line of defense, develop and conduct internal compliance self-assessments and internal reviews to ensure activities are conducted in compliance with applicable laws, regulations, and rules. Communicate the review requirements to appropriate departments, assist in collecting audit material as appropriate, and track all findings and resolutions

Work independently on the credit union’s regulatory risk assessment covering all consumer regulatory related risks, identify the gaps, and provide recommended solutions for the identified gaps. Collaborate with the departmental stakeholders to implement those solutions

Assist with performing monitoring of vendor compliance with consumer regulations, may assist with lending and/or deposit disclosure updates and tracking, compliance monitoring, quality control, and other compliance programs and projects as assigned

Review the implementation of new lending products/services or changes to existing lending products/services for compliance and regulatory requirements and/or for potential issues and implement appropriate compliance validation steps focusing on the lending areas

Assist in evaluating and resolving member complaints related to regulatory compliance

Recommend policies, procedures, and processes to help ensure activities are conducted in compliance with applicable laws, regulations, and rules

Review marketing materials related to lending areas for compliance with applicable state and federal laws prior to their release to the membership, when applicable

Assist with periodic reports to VP of Compliance for reporting to the Board of Directors, Supervisory Committee, and Executive Leadership with regards to compliance matters, when applicable

Keep abreast of changes in regulations as appropriate. Distribute appropriate materials to departments, assess progress on compliance with new regulations, and serve as a subject matter expert to the credit union on compliance related issues. Maintain a continuous study of applicable State and Federal laws

Keep supervisor informed of key operating issues affecting areas of responsibility

Serve as a member of a project team(s) related to lending areas in the capacity of a compliance resource for the implementation of technology, processes, procedures, or the development of training materials and/or function as a compliance resource for the credit union

Function as compliance resource for the credit union including consumer loan regulations and mortgage regulations, including research, analysis, interpretation, and providing answers to consumer regulatory issues from all departments. Assist with training as requested

Perform other job-related duties as assigned by Regulatory Compliance Manager and/or VP of Compliance

Assist with state and federal compliance audits and examinations as needed

Qualification

Consumer regulatory complianceMortgage lending regulationsCompliance certificationsLoan origination systemsRegulatory risk assessmentProcess improvementInterpersonal skillsCritical thinking

Required

Four (4) year degree required; six (6) years or more experience in banking, regulatory compliance, business management, electronic payments, project management, risk management, internal audit, or another analytical field accepted in lieu of degree

Credit Union Compliance Expert (CUCE) or other related compliance certifications is required

A solid understanding of a variety of consumer regulatory requirement

Knowledge of concepts, practices, and compliance techniques for the credit union industry

Knowledge of credit union lending processes and procedures which must include experience with origination and servicing in at least one of the following areas: consumer lending, mortgage lending, or commercial lending

Ability to understand and analyze complex legal and regulatory issues and laws and provide compliance recommendations

Understanding of reporting requirements of regulatory agencies relevant to assigned tasks

Some travel required to complete credit union training, assist in training other staff, or approved professional training

Understanding of methodologies for researching and analyzing compliance issues

Ability to assess regulatory requirements and assess successful completion of those requirements

Ability to develop an expertise in certain regulatory areas, such as mortgage lending, consumer lending, etc

Excellent interpersonal and teamwork skills. Excellent listening skills and customer service attributes

Knowledge of loan origination systems and ability to navigate the credit union's core processing systems

Proficient in computer applications, reporting, and file/data systems

Critical thinking skills, detailed oriented, resourceful, process improvement knowledge, and ability to express ideas

Display values such as mutual respect, trust, honesty and dignity, and act in the best interest of the credit union. Lead by example by displaying solid ethics and integrity at all times