Job Description
Job Details Job Location Corporate Office - Rapid City, SD
Description Who We Are We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.
At BHFCU, we're committed to improving the lives of our members every day, and we look for people who share that passion. Don't have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.
General Purpose: The Lending Compliance Officer is primarily responsible for ensuring our company complies with various federal and state lending compliance areas including, but not limited to, Fair Lending, NCUA Lending Regulations, HMDA Filing and Compliance, Truth-in-Lending, RESPA, FCRA, etc. This position will work closely with the Lending and Risk Leadership Teams.
Essential Duties/Responsibilities - Provide timely and thoughtful regulatory expertise in response to business initiatives, line of business guidance requests, internal and external audits, and regulatory examinations.
- Develop and implement compliance policies and procedures for mortgage and consumer lending operations. Ensure compliance with existing processes and procedures and recommend new ones that most effectively anticipate, manage, and reduce risk to the business.
- Assist in the development and communication of recommendations that support adherence to regulations, industry best practices and/or the compliance program.
- Develop and train mortgage and consumer lending staff in HMDA, ECOA, and Fair Lending procedures and compliance on a regular basis.
- Assist in Risk Assessment to identify compliance risk exposure and help the organization prioritize compliance risks.
- Assess compliance issues presented through new/revised product and service offerings and work closely with lending lines of business, the Compliance Manager and/or the Chief Risk Officer to plan a response.
- Work with lending business unit and the Compliance Manager to design a plan for timely and effective resolution of complex issues identified through monitoring and testing.
- Prepare quarterly and annual compliance reports for management and regulatory bodies, including but not limited to HDMA LAR andFair Lending.
- Perform routine monitoring to determine the extent of compliance with regulations, laws, policies, and procedures. Communicates the results of monitoring to the appropriate department managers and senior management, follows-up to ensure issues are addressed, escalates issues as appropriate.
Other Duties/Responsibilities - Consult with the Compliance Manager as well as the managers of lending business units on compliance and regulatory matters.
- Maintain a thorough knowledge and understanding of the laws, rules and regulations with which the business must comply and an awareness of issues of recent regulatory focus.
- Interact with State and Federal Regulatory Agencies, Executive Management, and support departments such as Internal Audit and Legal on an ongoing and regular basis.
- Provide training and guidance to applicable staff on compliance matters.
- Serve as a liaison with departments as appropriate in the execution of compliance program components and in complying with regulations.
- Perform other duties as may be assigned by the Compliance Manager or the Chief Risk Officer.
Job Knowledge - Strong knowledge of federal and state lending rules and regulations.
- Strong knowledge of risk management as it relates to lending compliance and the development/maintenance of risk assessments.
- Skilled at applying internal compliance standards, procedures, and techniques as well as credit union compliance procedures.
- Working knowledge of Credit Union policies/procedures and service philosophy.
- Working knowledge of the Credit Union's in-house computer system and compliance software.
Job Qualifications (Skills) Black Hills FCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following list outlines the physical considerations that are normally encountered in this job.
- Vision: A sighted person to read and interpret compliance-related laws and regulations.
- Speech/Hearing: Ability to communicate verbally and in writing with directors, staff, members, and appropriate outside parties.
- Manual Dexterity: Ability to perform necessary computer-related input.
- Physical Mobility: Limited mobility required.
Job Qualifications (Ability)- Ability to understand and follow complex written and oral instructions.
- Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.
- Ability to express oneself, clearly and concisely, both orally and in writing.
- Ability to prepare and maintain confidential records and reports.
- Ability to gather, assemble, correlate, and analyze facts and develop solutions.
- Ability to interpret complex laws and regulations.
- Ability to provide friendly, professional, and accurate service and support to all staff, members, and external contacts.
- Strong aptitude for analytical work, to include legal and regulatory research, documentation of findings, risk analysis, and policy development.
- Ability to maintain a high level of confidentiality.
- Ability to research and solve complex problems or issues.
- Ability to work with multiple departments daily.
Job Qualifications (Education/Experience) Mortgage compliance certification such as Certified Regulatory Compliance Manager (CRCM) or Certified Mortgage Compliance Professional (CMCP) preferred.
Job requires a four-year college level equivalent of language, math, and reasoning skills. A bachelor's degree in pre-law, accounting, finance, or business administration preferred. Minimum of five years' experience in financial, compliance, auditing or related role. Formal training should be supplemented with continuing education.
Working Conditions Material and Equipment Involved - Presentation Aids
- Signature Pads
- WebEx
- Tablet and Mobile Devices
- Scanners
- Projectors and Screens
- PowerPoint
- Excel
- Word
- Photocopy Machine
- Various Software Applications
Work Environment/Physical Activities Occasional travel to one of BHFCU's branch locations or attendance at community events may be required. Job requires limited physical effort. It is primarily a desk assignment. Ability to function in a fast-paced area. Ability to handle multiple tasks simultaneously. Ability to set independent deadlines. Ability to work autonomously. Work creates normal fatigue daily. Work creates moderate stress during certain periods during daily routine. The job calls for a high degree of mental concentration to interpret and act upon a wide range of situations. The job requires a degree of attention to detail.
Notice: This job description is not intended to be, nor should it be construed as, a contract or guarantee for employment. This position is subject to all the personnel policies of Black Hills Federal Credit Union. Changes may be made to this job description at any time by the President. Black Hills Federal Credit Union is an equal opportunity employer.
Job Tags
Contract work,