Regulatory Compliance Analyst

Key Accountabilities:

• Continuously acquires, maintains, and increases their knowledge of banking, lending-related subject matter/products (including new/emerging product opportunities) and applicable regulatory requirements.

• Performs complex research and analysis of guidelines and regulations in order to monitor and ensure compliance with regulatory, investor guidelines and, government programs.

• Participates in developing, recommending, and implementing annual quality control reviews based on risks identified through the risk assessment process. Assumes responsibility for ensuring independent review and assessment of those areas.

• On-going implementation, maintenance, and oversight of a comprehensive monitoring program to assess the continued effectiveness of policies, procedures and controls designed to ensure compliance with all applicable regulations.

• Performs assigned operational duties, including some that are complex and require strong analytical skills to complete.

• Responsible for ensuring that the overall quality of the Bank’s Residential Mortgage loan portfolio is independently reviewed and assessed.

• Periodically provides written and/or verbal reports to management identifying outcomes of quality control activities including deficiencies in compliance, guidelines and/or procedures.

• Participates in applicable Bank projects, committees and working groups related to Quality Control.

• Makes recommendations regarding adequacy and effectiveness of procedures and/or policies, exception reporting systems, loan administration and risk management practices.

• Partners with Managers, Directors and Employee Development as a subject matter expert regarding Quality Control standards and assists in the development of materials for training when identified through quality control reviews.

• Partners with Compliance regarding local, state and federal regulations in relation to activities where Quality Control is applicable throughout the Bank.

• Assists in preparation for Federal and/or State Regulatory Compliance Examinations and External and Internal Audits.

• Reviews and recommends process improvements to reduce cost, improve efficiency and/or mitigate risk to the bank.

• Routinely exercises discretion and independent judgment while performing duties.

General Competencies:

• Adaptability/Flexibility – Adapts to change, is open to new ideas, takes on new challenges, handles pressure, and adjusts plans to meet changing needs.

• Initiative – Takes independent action, operates as a pro-active self-starter, acts on opportunities, and practices self-development.

• Integrity/Ethics – Deals with others in a straightforward, honest manner, is accountable for actions, maintains confidentiality, supports company values, conveys news good or bad.

• Interpersonal Skills – Has good listening skills. Communicates clearly and accurately.

• Coaching Skills – Can provide coaching feedback to direct reports through regular observations of their performance.

• Vision/Values – Supports company mission/values through daily actions and decisions, communicates the Bank’s vision, mission and values to others, and incorporates vision when planning the department’s future course.

Knowledge/Skills/Experience Requirements:

• High School diploma or equivalent required.
• Bachelor’s Degree or work equivalent preferred.
• 2+ years of banking experience required, especially in the fields of mortgage underwriting, lending/loan operations, secondary market, and/or regulatory compliance.

• Strong analytical and organizational skills with an ability to interact effectively with all levels of the organization.
• Committed to providing exceptional customer service.
• Demonstrated ability to effectively communicate (verbal and written) with all levels of the Organization.
• Strong computer skills with the desire to learn and apply new technology.
• Proven ability to meet goals, deadlines, and perform in a fast-paced, challenging work environment.
• Ability to work with little supervision and make independent decisions.
• Ability to research and solve problems.
• Ability to manage multiple tasks concurrently and prioritize accordingly.

Physical Demands/Conditions Requirements:

• General office environment.
• Moderate lifting (to 35 lbs.) required. Moderate reaching, walking, sitting and standing required.

Equipment Used:

• General office equipment.

Misc.

• Interacts harmoniously and effectively with others, focusing upon the attainment of bank goals and objectives through a commitment to teamwork.
• Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook.
• Maintains strict confidentiality.
• Performs additional duties as requested.

External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.