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Lending Compliance Specialist

Company: Bank of Ann Arbor
Location: Ann Arbor
Posted on: September 23, 2022

Job Description:

Who We AreIt is the mission of Bank of Ann Arbor to be a dynamic, growing and sustainable community bank that is the premier financial institution within the markets it operates; it will be owned by individuals in its markets, managed locally, and responsive to the needs of its communities. The Bank will serve and partner with its customers and communities to achieve their financial goals through high quality products delivered by energized employees and through community service comprised of donations, time, and leadership. Our employees are valued and will work in a culture that invests in their development and rewards their positive contributions.Who You AreYou are working amongst the best and brightest bankers! You are analytical and very detail-oriented, with vast knowledge in the compliance aspects of lending. In your role as the Lending Compliance Specialist, you will support the Bank's Mortgage, Consumer Lending, and Commercial Lending business units to include program administration, review and monitoring and communication and training. The successful candidate will advise and inform the business units it supports on all compliance-related matters as well as perform focused compliance reviews and monitoring to ensure compliance with applicable rules and regulations.Your RoleCompliance Program Administration:

  • Assist in the administration and monitoring of the Bank's Compliance Management System
  • Prepare and gather information for, and participate in, the Bank's Compliance Committee
  • Review and inform Bank staff of applicable laws, regulations, and rules governing operations and product offerings
  • Provide compliance advice and guidance to all Bank staff and address all compliance-related questions and issues
  • Facilitate and assist external compliance auditors during onsite or offsite fieldwork Compliance Review and Monitoring:
    • Perform focused internal compliance reviews, as needed or in response to Compliance audits, and report findings to Compliance Committee and applicable business line(s)
    • Conduct periodic compliance monitoring on applicable rules and regulations
    • Work with business units to develop and enhance compliance-related reporting and prepare deliverables for external compliance audits
    • Work with department managers to make improvements to systems, procedures, and processes to ensure continuous improvement and to correct any violations or operational deficiencies Compliance Communication and Training:
      • Work with business lines to assist in the implementation and/or update of systems and processes, as impacted by new or updated rules and regulations
      • Develop and execute focused compliance training to Bank staff, departments, and/or committees
      • Develop and maintain compliance guidance and documentation to assist operations staff in executing their responsibilities in compliance with applicable rules and regulations
      • Work with business units to ensure department procedures and job aids are compliant and well-tailored to mitigate compliance risk Experience and Skills Your Knowledge and Experience
        • Bachelor's degree in related field
        • 3-5 years of lending compliance and/or audit experience at a bank or financial institution
        • Knowledgeable in all lending-related rules and implementing regulations, such as: TILA, RESPA, ECOA, HMDA, CRA, UDAAP, SCRA, FHA, FCRA, HPA, Regulation O, and Flood.
        • CRCM or comparable compliance certifications, preferred
        • Ability to use a personal computer with working knowledge of MS Office product portfolio.
        • Compliance reporting experience is desirable
        • Ability to read and comprehend Compliance rules and regulations
        • Ability to develop policies, procedures, and guidance for publication to Bank staff and committees
        • Ability to effectively present information to Bank management and staff
        • Ability to solve practical problems and deal with a variety of situations.
        • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. Physical Demands and Work Environment The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus.The noise level in the work environment is usually moderate.

Keywords: Bank of Ann Arbor, Ann Arbor , Lending Compliance Specialist, Other , Ann Arbor, Michigan

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