Compliance Administrator II

Eastern Bank; Wakefield (MA); On-site; USD 34,508 - 55,475; Full time

Benefits offered by this job

Robust benefits and retirement package

Job summary

Eastern Bank in Wakefield, Massachusetts is seeking a Compliance Administrator responsible for ensuring that all loan files and documents are executed correctly according to regulatory requirements and internal policies. This role involves reviewing loans for Quality Control, updating documentation, and educating staff on compliance guidelines.

The ideal candidate will have strong communication and negotiating skills, with at least one year of banking experience, and familiarity with consumer lending products.

Qualifications

• Advanced communication and negotiating skills necessary for fast-paced environment.
• Experience in compliance with bank policies and procedures.
• Familiarity with consumer lending products and applicable regulations.

Responsibilities

• Review originated consumer loans for Quality Control purposes.
• Ensure proper documentation is received and uploaded to the Loan Origination system.
• Update loan origination system data accurately.

Skills

Advanced communication skills

Negotiating skills

Process improvement

Knowledge of HMDA regulations

Education

Minimum 1 year banking experience

Job description

Hiring Range: $25.05 - $40.27

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The Compliance Administrator is responsible for ensuring that all loan files and documents have been executed correctly according to the applicable regulatory requirements with emphasis on HMDA regulations and the Bank’s internal policies and procedures. The Compliance Administrator may also be responsible for assisting with some in office administrative tasks from time to time including but not limited to processing the mail, pulling mortgages, and processing fees and payoffs.

Major Responsibilities

• Review originated consumer loans for Quality Control purposes.
• Ensure proper documentation is received and uploaded to the Loan Origination system.
• Communicate with other departments on any outstanding issues/concerns.
• Update loan origination system data and other system with accuracy and compliance. Maintains up to date notes in loan origination system for management reporting.
• Continually educates branch staff on product information, legal requirements, and policy guidelines.
• Review HMDA-reportable loans for accurate regulatory reporting, report inaccuracies to management for correction.
• Assist the Compliance Analyst team with review of HMDA data, Flood requirements, and regulatory testing.
• Assist with many administrative duties in the office as needed.
• Participate in projects and new initiatives as needed.

Requirements

• Advanced communication and negotiating skills are necessary to work in this fast-paced environment.
• Must work well independently and seek assistance when needed.
• Ability to recognize, communicate, and implement process improvements.
• Effectively communicate with Branches and others.
• Maintain comprehensive application notes throughout the loan origination process.
• Ensure compliance with all bank policies and procedures.
• Participate in special projects as required by management.
• Familiar with all Consumer Lending products and applicable regulations including but not limited to HMDA, ECOA, Truth in Lending, UDAAP, FCRA.

Education and Experience

• Minimum 1 year banking experience preferred; solid working knowledge of the Home Equity Line of Credit product is preferred.

• Experience working with consumer lending products preferred.