Compliance Specialist II (Lending) at GESA CREDIT UNION

Richland, Washington, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Apr, 26

Salary

48.67

Posted On

01 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Compliance, Consumer Lending, Mortgage Lending, Risk Assessment, Data Analysis, Interpersonal Skills, Critical Thinking, Attention to Detail, Project Management, Training, Communication, Problem Solving, Teamwork, Research, Policy Development, Customer Service

Industry

Financial Services

Description

Job Details Level: Experienced Job Location: Richland Goethals - Richland, WA 99352 Position Type: Full Time - Hourly Education Level: 4 Year Degree Salary Range: $25.70 - $48.67 Hourly Take a leap and join our team! At Gesa, we believe in the power of our people. Coming from all walks of life, our team members’ individual stories and unique experiences are our most valuable asset. But it’s how we come together, igniting our collective compassion and commitment to empowering our communities, that makes us succeed. Because we know we go further when we go together. Here you can join a team who is passionate about serving others, has a desire to do good, and shares a deep love of people. You can engage in meaningful work that impacts your community. You can challenge yourself and grow in your career. And, you can rest assured that your wellbeing and prosperity are our priority. Get to know us: About - Gesa Credit Union Role Summary: Compliance Specialist II (Lending) role requires knowledge of consumer regulatory compliance and is responsible for monitoring and assessing adherence to all local, state, and federal regulations. This role will build relationship and network with lending business units to ensure practices stay compliant as a second line of defense. Work with Regulatory Compliance Manager and/or VP of Compliance to perform extensive and complex validation and targeted reviews of lending areas. What You Will Be Doing: Knowledge and expertise focusing on consumer and mortgage lending areas, specifically Regulation C (HMDA), Truth in Lending Act (Regulation Z), Real Estate Settlement Procedures Act (RESPA), Mortgage Servicing, Fair Credit Reporting Act, and Fair Lending regulations (ECOA and Fair Housing Act), SAFE Act, Flood Disaster Protection Act, Fair Debt Collection Practices Act, and Homeowners Protection Act Research and assist in the analysis, interpretation, and application of lending regulations and practices as they relate to the credit union Work with Regulatory Compliance Manager and/or VP of Compliance to perform ongoing reviews of the credit union’s loan products and work with the appropriate departments to analyze loan data for compliance with lending regulations and internal policies and procedures As part of second line of defense, develop and conduct internal compliance self-assessments and internal reviews to ensure activities are conducted in compliance with applicable laws, regulations, and rules. Communicate the review requirements to appropriate departments, assist in collecting audit material as appropriate, and track all findings and resolutions Work independently on the credit union’s regulatory risk assessment covering all consumer regulatory related risks, identify the gaps, and provide recommended solutions for the identified gaps. Collaborate with the departmental stakeholders to implement those solutions Assist with performing monitoring of vendor compliance with consumer regulations, may assist with lending and/or deposit disclosure updates and tracking, compliance monitoring, quality control, and other compliance programs and projects as assigned Review the implementation of new lending products/services or changes to existing lending products/services for compliance and regulatory requirements and/or for potential issues and implement appropriate compliance validation steps focusing on the lending areas Assist in evaluating and resolving member complaints related to regulatory compliance Recommend policies, procedures, and processes to help ensure activities are conducted in compliance with applicable laws, regulations, and rules Review marketing materials related to lending areas for compliance with applicable state and federal laws prior to their release to the membership, when applicable Assist with periodic reports to VP of Compliance for reporting to the Board of Directors, Supervisory Committee, and Executive Leadership with regards to compliance matters, when applicable Keep abreast of changes in regulations as appropriate. Distribute appropriate materials to departments, assess progress on compliance with new regulations, and serve as a subject matter expert to the credit union on compliance related issues. Maintain a continuous study of applicable State and Federal laws Keep supervisor informed of key operating issues affecting areas of responsibility Serve as a member of a project team(s) related to lending areas in the capacity of a compliance resource for the implementation of technology, processes, procedures, or the development of training materials and/or function as a compliance resource for the credit union Function as compliance resource for the credit union including consumer loan regulations and mortgage regulations, including research, analysis, interpretation, and providing answers to consumer regulatory issues from all departments. Assist with training as requested Perform other job-related duties as assigned by Regulatory Compliance Manager and/or VP of Compliance Assist with state and federal compliance audits and examinations as needed About You: Understanding of methodologies for researching and analyzing compliance issues Ability to assess regulatory requirements and assess successful completion of those requirements Ability to develop an expertise in certain regulatory areas, such as mortgage lending, consumer lending, etc. Excellent interpersonal and teamwork skills. Excellent listening skills and customer service attributes Knowledge of loan origination systems and ability to navigate the credit union’s core processing systems Proficient in computer applications, reporting, and file/data systems Critical thinking skills, detailed oriented, resourceful, process improvement knowledge, and ability to express ideas Display values such as mutual respect, trust, honesty and dignity, and act in the best interest of the credit union. Lead by example by displaying solid ethics and integrity at all times Qualifications What You Will Need: Four (4) year degree required; six (6) years or more experience in banking, regulatory compliance, business management, electronic payments, project management, risk management, internal audit, or another analytical field accepted in lieu of degree Credit Union Compliance Expert (CUCE) or other related compliance certifications is required. Additional lending certifications are preferred A solid understanding of a variety of consumer regulatory requirement Knowledge of concepts, practices, and compliance techniques for the credit union industry Knowledge of credit union lending processes and procedures which must include experience with origination and servicing in at least one of the following areas: consumer lending, mortgage lending, or commercial lending Ability to understand and analyze complex legal and regulatory issues and laws and provide compliance recommendations Understanding of reporting requirements of regulatory agencies relevant to assigned tasks Some travel required to complete credit union training, assist in training other staff, or approved professional training Our Team Member Value Proposition: In exchange for bringing your talent to Gesa, here are a just a few of the benefits and perks we offer: Competitive Pay Medical, Dental, Vision, and Life Insurance 20 days/year of Paid Time Off – Plus 10 Paid Holidays! 401(k) Match Incentive Program Tuition Assistance and Student Loan Repayment Commuter Benefits Paid Time Off to Volunteer in the Community Product discounts Engaging Work Environment Rewards and Recognition Programs Full Salary Range: Richland, WA: $25.70-$42.83 Spokane, WA: $25.70 - $42.83Lynnwood, WA: $29.20 - $48.67 *While our full pay range is listed, most new team members typically start between the minimum and midpoint based on their experience and qualifications. This approach gives room to grow within the role as your career progresses with us!" Get wise to what’s possible with a career at Gesa. Join us! We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact the HR Department at (509) 378-3100 or hrmail@gesa.com to request an accommodation. Gesa Credit Union reserves the right to revise or change the job description as the need arises. This job description is not all inclusive of total job responsibilities nor does it constitute a written or implied contract of employment. Selected candidate(s) must be able to pass a pre-employment credit/background check. Gesa Credit Union is an Equal Opportunity Employer and strong advocate of workforce diversity. Race/Color/Gender/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Veteran. Equal Employment Opportunity (gesa.com)

Responsibilities

The Compliance Specialist II (Lending) is responsible for monitoring and assessing adherence to consumer regulatory compliance and ensuring lending practices are compliant with regulations. This role involves conducting internal compliance assessments, analyzing loan data, and collaborating with various departments to implement compliance solutions.