Loan Operations Compliance Specialist I

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General Description
The Loan Operations Compliance Specialist is responsible for working with Loan Operations management to review and verify the accuracy of data associated with the bank's HMDA-reportable loans, evaluate and monitor and ensure full compliance with all regulatory guidance, and state and federal lending laws and statutes that involve originating commercial and consumer loan transactions and servicing all types of loans. Participates in the formulation, development, and recommendation of policies and procedures for the bank as they relate to regulatory compliance.

Essential Duties and Responsibilities

1. Reviews and verifies the accuracy of HMDA data within loan origination systems and the loan files for all bank lending lines of business. This duty is performed about 75% of the time.
2. Works to review and maintain a Loan Operations compliance management system, ensuring full adherence to all applicable loan servicing and loan origination guidelines and requirements. This duty is performed about 5% of the time.
3. Works with Loan Operations management and other associates to ensure that current bank policies and procedures are accurate, current, and in compliance with all relevant regulations and statutes. This duty is performed about 5% of the time.
4. Completes compliance monitoring according to the compliance monitoring schedule to review and confirm current policies, procedures, and activities in regards to acceptable rules, regulations, and statutes. This duty is performed about 10% of the time.
5. Reviews denied and/or withdrawn loan files to ensure compliance and adherence to all guidelines and regulations. Works with the appropriate associates in to correct documentation errors. This duty is performed about 5% of the time.
6. Maintains regular and reliable attendance, punctuality and personal appearance. Reads, writes, and communicates in a clear and efficient manner via various types of correspondence, such as, in person, phone, email, letters, etc. Adheres to all company policies and procedures, as well as all applicable banking rules, regulations, and laws (including BSA/AML).
7. Performs any other related duties as required or assigned.

Education and Experience Requirements

• High school diploma or GED
• Bachelor's degree and/or equivalent relevant work experience.
• 1 year of related experience preferred
• Regular use of desktop/laptop computer, basic operating systems, and specialized software systems.
• Intermediate experience with Accounting, Spreadsheet, Word Processing; basic experience with alphanumeric data entry.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.

Physical Requirements

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

• Semi-repetitive and low physical activities.
• Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the
• tasks.
• While performing the functions of this job, the employee is regularly required to sit, talk or hear; frequently
• required to use hands to finger, handle, or feel, reach with hands and arms; and occasionally required to stand,
• walk, climb or balance, stoop, kneel, crouch, or crawl.
• Occasionally required to lift and/or move up to 10 pounds.

Monday - Friday 7:15 AM - 6:15 PM; Saturday 7:45 AM - 12:15 PM

Total Hours: 15

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