Lending and Regulatory Compliance Officer

Overview

Job Location:

Corporate Office - Rapid City, SD Salary Range:

Undisclosed Job Category:

Banking 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 Black Hills Federal Credit Union (BHFCU), were committed to improving the lives of our members every day, and we look for people who share that passion. Dont 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 and Fair 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)

BHFCU 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 handle cash transactions and verify financial transactions. Ability to complete necessary paperwork. 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 bachelors 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 BHFCUs branch locations or attendance at community events may be required. Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day. Must be able to work extended hours whenever required or requested by management. Must by capable of regular, reliable and timely attendance. Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise. Mental and/or Emotional Requirements

Must be able to perform job functions with supervision and work effectively either on own or as part of a team. Must be able to read and carry out various instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be able to perform basic mathematical calculations with extreme accuracy. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on confidential matters. Notice:

This job description is not intended to be, nor should it be construed as, a contract or guarantee of employment. Black Hills Federal Credit Union adheres to all federal and state labor laws regarding termination and probationary periods. This position is also 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. Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job. #J-18808-Ljbffr