Job Description and Requirements
The Consumer Lending Compliance Analyst will assist within the Consumer Lending business unit while working collaboratively with the Mortgage, Business Solutions, and Collections compliance teams to ensure that the credit union follows all applicable state and federal laws, rules, and regulations. This will include research, testing, data analytics, and project task fulfillment.
Essential Functions and Responsibilities:
- Work with the Consumer Lending team while maintaining thorough knowledge of applicable federal and state laws and regulations
- Collaborate in monitoring of compliance programs for the department to include escalating areas of concern for further review.
- Stay abreast of state and federal laws which consists of reviewing and interpreting rules and regulations, supervisory highlights, circulars, and enforcement actions that may have a direct impact on the lending business units’ policies, procedures, forms, disclosures, and systems.
- Work on projects/matters of limited complexity in a support role which includes researching a wide variety of topics and issues that may have limited complex regulatory impact, and summarizes findings with team.
- Assist with preparing reports of limited complexity and organizing supporting documentation.
- All other duties as assigned (note: essential functions and responsibilities may change, or new ones may be assigned at any time with or without notice).
Requirements:
- High School Diploma or G.E.D.
- Minimum six months of regulatory compliance experience
- Broad knowledge of and practical experience with credit union or other financial institution operating areas, functions, products and services and the applicable laws and regulations
- Basic understanding of state and federal regulatory laws and regulations applicable to the credit union; including the ability to perform guided research for issues related to regulatory compliance
- Must demonstrate an analytical ability to interpret regulatory information to assist with monitoring processes critical to the business unit
- Good communication, analytical, organizational, problem solving and time management skills
- Knowledge and efficient use of Microsoft Office
- Ability to work independently given minimal direction
- Self-motivated with desire to be a team player in a constructive environment
- Experience with financial institutions larger than $10 billion in assets and exposure to oversight by the Consumer Financial Protection Bureau (CFPB), a plus
All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.