This position will provide compliance expertise primarily related to lending. Advises on relevant regulations to include Assists loan operations in the development and implementation of policies, procedures, and processes to minimize compliance risks. Ensures appropriate compliance risk oversight is in place for assigned business units and/or functions. Assists with the implementation and execution of complex regulatory requirements that impact multiple systems, processes, and members.

Essential Functions

• Guides the development or revision and implementation of policies, procedures, services, products, and systems that ensure compliance for consumer lending activities.
• This position is responsible for leading compliance testing engagements utilizing a risk-based approach in line with department and industry standards to ensure the credit unions compliance with lending applicable laws, rules & regulations.
• Oversees performance of Issue Validation procedures to ensure compliance findings have been effectively mitigated and effective actions have been taken by the organization to address any regulatory feedback.
• Assists in the development and support of the department’s strategic vision including supporting the development of testing plans, continued enhancements to testing methodology, and ongoing stakeholder engagement.
• Analyzes complex regulatory requirements to identify necessary changes to systems and processes.
• Utilizes compliance reviews, risk assessments, complaint monitoring, and other assigned department duties to identify potential areas of consumer lending compliance risk.
• Reports on potential risk factors and data gaps.
• Work closely with cross functional partners to support the ongoing maturation of aspects of the Fair Lending Program (e.g. advisory frameworks, risk assessment, testing, governance).
• Provide Fair Lending advice and possess the ability to communicate complex regulatory expectations for Fair Lending matters throughout the product life-cycle and across all products and services.
• Assist in documenting critical processes, support the maintenance of internal team sites, and support the Compliance team in maintaining relevant policies, risk assessments, training materials, issues management and other related items.
• Collaborate with relevant stakeholders to ensure transparency into compliance risks impacting key initiatives, company growth or credit union partners.
• Build relationships with business and functional partners.
• Considers impact on Credit Union employees, members, costs, and efficiencies before providing recommendations to management on appropriate action.
• Offers consultative guidance to business leaders throughout the execution of necessary changes.
• Assists with action plans related to internal/external audit and examination results.
• Demonstrates a strong knowledge of federal and state lending regulations and stays up to date on changes to all applicable lending regulations.
• Serves as a resource and expert on assigned Credit Union system, program, or process.
• Demonstrates a high proficiency in completing duties of Loan Compliance. Leads the execution of assigned department tasks. Assists management in maintaining procedures, manuals, and resources as delegated. Assists/trains other team members as needed.
• Continuously look for ways to streamline processes.

• Bachelor’s degree preferred but not required
• Minimum 3-5 years of Lending Compliance Experience
• Ability to communicate in concise written format with high degree of accuracy
• Ability to complete assigned projects simultaneously, without direct supervision, and by the assigned deadline
• Ability to manage multiple projects
• Strong analytical skills with high compliance requirements.
• Knowledge and understanding of consumer lending products.
• Experience working with examiners and internal/external auditors
• Loan operations experience
• Able to achieve certification for Compliance designation (NCCO, CUCE, CRCM) within 1 year.

Physical Requirements

The physical demands 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.

While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, bend, kneel, and reach above or at shoulder level. The employee must occasionally lift/push/pull and/or carry up to 10 pounds.