Apply on Employer Site

Dover Federal Credit Union · 11 hours ago

Sr. Lending Compliance Specialist

Dover, DE

Full-time

Onsite

Mid, Senior Level

3+ years exp

Dover Federal Credit Union is seeking a Sr. Lending Compliance Specialist to provide compliance expertise primarily related to lending. The role involves advising on relevant regulations, leading compliance testing, and ensuring compliance risk oversight for assigned business units.

BankingCreditCredit BureauFinancial ServicesLending

Diversity & Inclusion

Responsibilities

Guides the development or revision and implementation of policies, procedures, services, products, and systems that ensure compliance for consumer lending activities

This position is responsible for leading compliance testing engagements utilizing a risk-based approach in line with department and industry standards to ensure the credit unions compliance with lending applicable laws, rules & regulations

Oversees performance of Issue Validation procedures to ensure compliance findings have been effectively mitigated and effective actions have been taken by the organization to address any regulatory feedback

Assists in the development and support of the department’s strategic vision including supporting the development of testing plans, continued enhancements to testing methodology, and ongoing stakeholder engagement

Analyzes complex regulatory requirements to identify necessary changes to systems and processes

Utilizes compliance reviews, risk assessments, complaint monitoring, and other assigned department duties to identify potential areas of consumer lending compliance risk

Reports on potential risk factors and data gaps

Work closely with cross functional partners to support the ongoing maturation of aspects of the Fair Lending Program (e.g. advisory frameworks, risk assessment, testing, governance)

Provide Fair Lending advice and possess the ability to communicate complex regulatory expectations for Fair Lending matters throughout the product life-cycle and across all products and services

Assist in documenting critical processes, support the maintenance of internal team sites, and support the Compliance team in maintaining relevant policies, risk assessments, training materials, issues management and other related items

Collaborate with relevant stakeholders to ensure transparency into compliance risks impacting key initiatives, company growth or credit union partners

Build relationships with business and functional partners

Considers impact on Credit Union employees, members, costs, and efficiencies before providing recommendations to management on appropriate action

Offers consultative guidance to business leaders throughout the execution of necessary changes

Assists with action plans related to internal/external audit and examination results

Demonstrates a strong knowledge of federal and state lending regulations and stays up to date on changes to all applicable lending regulations

Serves as a resource and expert on assigned Credit Union system, program, or process

Demonstrates a high proficiency in completing duties of Loan Compliance. Leads the execution of assigned department tasks. Assists management in maintaining procedures, manuals, and resources as delegated. Assists/trains other team members as needed

Continuously look for ways to streamline processes

Qualification

Lending Compliance ExperienceConsumer Lending KnowledgeRegulatory AnalysisCompliance CertificationLoan Operations ExperienceAnalytical SkillsProject ManagementCommunication Skills