Loan Compliance Coordinator

Carter Bank; Martinsville (VA); On-site; USD 28,000 - 49,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Coverage

401(k)

Paid Time Off

Paid Holidays

Job summary

Carter Bank seeks a Compliance Analyst to safeguard consumer lending operations and ensure adherence to state and federal regulations across Virginia and North Carolina. You will support the Compliance Director, develop monitoring and training programs, and help implement changes for regulatory alignment.

The role requires strong knowledge of lending regs, data analysis, and collaboration with lending teams.

Qualifications

• High school diploma or equivalent; Associate Degree preferred.
• Experience assisting in regulatory compliance, including monitoring tests and reviews.
• Good balance between regulatory, practical knowledge and experience to advise others.
• Prior banking experience preferred.
• Complete ABA’s Lending Certification program within 3 years.

Responsibilities

• Follow the four pillars of the Compliance Program: policy, monitoring, training and consumer complaint handling.
• Serve as the primary contact to assist lending with day-to-day compliance questions.
• Identify and resolve issues and escalate to the Compliance Director as needed.
• Perform monitoring reviews and prepare reports with recommendations for improvements.
• Serve as liaison for lending projects such as new software, forms and processes.
• Review and approve marketing materials related to lending.
• Implement regulatory change management plans as lending regulations change.
• Maintain the Compliance Management Program per FDIC standards.
• Assist with rollout of policies and procedures with management staff.
• Coordinate the Annual Review of bank policies and procedures.
• Maintain the Risk-based Monitoring Program for bank products and services.
• Serve as liaison for external audits and examinations by regulators.
• Assist with processing of complaints as needed.

Skills

Lending regulation knowledge

Verbal & written communication

Data analysis

Organizational skills

Project management

Collaboration skills

Time management

MS Office (Word/Excel/Outlook)

Education

High school diploma or equivalent

Associate Degree or equivalent work experience

Tools

Microsoft Office

Job description

We are willing to consider a viable candidate anywhere within our footprint throughout Virginia or North Carolina.

SUMMARY

Assists in ensuring Carter Bank adheres to all applicable state and federal regulations and compliance requirements with focus on consumer lending operations. This position will also assist in developing, implementing, monitoring, and training to ensure that the associates, products and services, and processes used at the bank are effective in order to adhere to compliance requirements by state and federal regulations for financial institutions.

ESSENTIAL JOB FUNCTIONS

• Follow the four pillars of the Compliance Program, detailing policy and procedures; Monitoring to self-assess the effectiveness of the bank's policies and procedures; Training which will be dictated by the periodical risk assessments and results from monitoring and external examinations; and a comprehensive Consumer Compliant Program
• Serve as the primary contact to assist the lending area with day to day compliance questions by providing practical knowledge around consumer lending regulations
• Identify and resolve issues and escalate to the Compliance Director as appropriate
• Perform monitoring reviews and prepare applicable reports that outlines out of compliance situations and provide recommendations for improvements to correct and maintain lending compliance for the bank
• Serve as compliance liaison for projects regarding lending activities such as new software, forms, and processes that enhances the products and services we offer or add efficiencies to lending workflows
• Review and approve marketing materials as they relate to lending
• Implement regulatory change management plans as lending regulations change
• Assist with the maintenance and enhancement of the Compliance Management Program as required for a bank to operate in accordance with FDIC acceptable standards
• Serve as liaison with appropriate managers and staff to assist with implementation of Compliance policies and procedures
• Coordinate/assist the Compliance Director with the Annual Review of bank policies and procedures to ensure they comply with prescribed banking regulations
• Assist the Compliance Director with maintenance of the Risk-based Monitoring Program for bank products and services to assure that management receives periodic and timely feedback to maintain a high level of compliance
• Serve as needed as a liaison for all external Compliance Audits and Examinations by Regulatory Agencies.
• Assists with the processing of complaints as needed

JOB REQUIREMENTS

• High school diploma or equivalent required, Associate Degree or equivalent work experience preferred
• Prior experience assisting in Regulatory Compliance area to complete monitoring type tests, reviews of transactions, and identify weaknesses in controls
• Good balance between regulatory, practical knowledge and experience to advise others
• Prior banking experience preferred
• Complete ABA’s Lending Certification program within 3 years

KNOWLEDGE/SKILLS REQUIRED

• Intermediate understanding of various lending regulations such as, but not limited to, HMDA, Flood, ECOA, TILA, TRID, RESPA, SAFE Act, FCRA and UDAAP
• Intermediate verbal and written communication skills
• Intermediate data analysis skills
• Intermediate organizational skills
• Basic project management skills
• Intermediate collaboration skills
• Intermediate time management skills
• Intermediate proficiency with Microsoft Office, especially Word, Excel and Outlook

PHYSICAL AND MENTAL QUALIFICATIONS

• Standing, walking, bending and stooping required
• Must be able to sit at a desk for long periods of time and use a computer
• Must be able to occasionally move or lift up to 10 pounds
• May be asked to work supplemental hours periodically
• Limited travel required occasionally during and after business hours

Hourly Pay Range: $20.50 - $35.67 per hour

Benefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays