AVP/VP, Credit Compliance Officer

GENERAL SUMMARY

Primarily responsible for ensuring the Bank's compliance with consumer, mortgage and commercial lending laws and regulations. In this regard, the Credit Compliance Officer will monitor changes in applicable laws and regulations, provide support to the Chief Compliance Officer and the Compliance Committee, lending and senior management of the Bank in interpreting and understanding lending laws and regulations, and ensure that Bank Policies, Operating Procedures and Systems are sufficient to ensure compliance with banking laws and regulations ( including but not limited to, Home Mortgage Disclosure Act, Truth In Lending Act, Fair Credit Reporting Act, Equal Credit Opportunity Act, Fair Lending, etc.), fees and interest rate calculations and related loan documentation and disclosures.

DIRECT REPORTS

The incumbent has no direct reports but will be required to manage project teams and contract resources.

ESSENTIAL FUNCTIONS

• Research loan compliance questions/issues from bank personnel and provide accurate and timely responses.
• Review credit related marketing and advertising copy.
• Develop, maintain and execute appropriate lending regulation compliance quality assurance, testing, and risk assessment programs.
• Periodically review and audit of the bank's HMDA compliance program to ensure that all required HMDA data is collected and input on the Loan Application Register accurately and in a timely manner.
• Review and/or assist in the preparation of the annual HMDA submissions to the CFPB by March 1st of each year.
• Assist with the development and maintenance of a comprehensive Fair Lending Program for the Bank.
• Identify potential compliance issues, assist with the development of training materials and facilitate the development and delivery of related training programs to Bank team members.
• Interact with regulatory examiners and senior management on compliance issues relating to the lending area.
• Research via the internet, regulatory newsletters, and other resources to keep abreast of changing laws and regulations relating to HMDA and other regulatory compliance laws and regulations.
• Assist business unit managers in interpreting banking laws and regulations and ensure that related policies, procedures and documents are properly maintained and updated.
• Serve as a backup in the absence of the Chief Compliance Officer.
• Provide technical assistance requested to the Bank CRA Officer.
• Perform other compliance related duties as assigned by the Chief Compliance Officer.

QUALIFICATIONS

• Education: Bachelors degree not mandatory but desirable and relevant Banking experience and related compliance training, College Degree desired.
• Experience: Minimum 5-7 years of lending operations and Compliance experience in a banking environment. Thorough knowledge and understanding of state and federal loan regulations for banks. CRCM Certification preferred.
• Skills/Ability: Detail-oriented and self-motivated. Strong organizational skills. Effective written documentation, verbal communication and interpersonal skills. Proficient PC skills with Microsoft programs. Demonstrated ability to work independently in a fast paced and multi-tasking environment. Demonstrated ability to manage project teams and contract resources. Excellent problem-solving skills and ability to work within tight time constraints. Ability to creatively develop training materials as appropriate and conduct training.

OTHER DETAILS

AVP: $90K - $105K / year
VP: $105K - $118K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Click here to view the "Know Your Rights: Workplace Discrimination is Illegal" Poster:
Poster- English

Poster- Spanish

Poster- Chinese Traditional Poster- Chinese Simplified

Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.