Compliance Assistant
Position Summary: The primary responsibilities of the Compliance Assistant are to support loan and regulatory compliance through monitoring, reporting, recordkeeping, training, and regulatory reviews. The position also assists with loan documentation, file maintenance, and other compliance and administrative duties as directed.
Essential Duties and Responsibilities:
Note: The following duties are not exhaustive and may be subject to change.
- Create adverse action notices for loan denials.
- Maintains denial and withdrawal list and records. Quarterly sends denials to Fair Lending Committee.
- Assist Compliance Officer to conduct reviews to monitor compliance with banking laws, rules and regulations.
- Monthly collect data and maintain quarterly Fair Lending spreadsheet and correlation.
- Set up, monitor, and provide guidance on employee American Bankers Association (ABA) Online Training and outside training.
- Monthly review of loan rate index and file maintenance by loan service administrator.
- Monthly updates Homeowners Counselors List and distributes.
- Annually updates Settlement Service Providers List
- Reviewing FHLB and FRB loans and Commercial Loan Memos (CLMs) to determine if a pledged loan can remain pledged or needs to be unpledged.
- Gathering documents/files to send to FHLB and FRB reviewers during our annual reviews.
- Help with creating PDF files with tax returns and other loan supporting documents and saving them directly into Web Director to eliminate paper documents being printed and imaged unnecessarily.
- Verifying weekly check reports from processors are in order.
- Always maintain a high level of confidentiality.
- And, as directed, may perform other duties from time to time.
- Bachelor’s degree or equivalent experience preferred.
- Good interpersonal, oral, and written communication skills.
- Willingness to learn.
- Knowledge in Adobe and Excel.
- Ability to meet deadlines and multitask.
- Must be detail oriented and organized.
