Loan and Compliance Officer

Overview
We are seeking a Loan and Loan Compliance Officer who will be responsible for developing, implementing and monitoring loan aspects of the Bank’s compliance program to ensure compliance with federal and state banking laws and regulations, and monitors the bank’s lending program to ensure that the bank’s lending goals and objectives are being met. This position plans, organizes, and controls the Bank’s loan compliance activities including, but not limited to, CECL and Fair Lending. Advises the Board of Directors, senior management and bank personnel of emerging loan compliance issues and consults and guides the bank in the establishment of controls to mitigate risk. Serves as the bank’s primary consumer loan officer and as the customer service backup to the Mortgage Loan Officer and the Commercial Loan Officer as needed. Assists with loan portfolio maintenance and loan collection activities as needed.

Duties

Coordinates and oversees the bank's loan compliance program

a. Analyzes new and pending laws and regulations which directly affect the bank’s lending practices and maintains copies of appropriate regulations and interpretations.

b. Develops or revises appropriate policies, procedures, contracts and agreements to ensure compliance.

c. Ensures that internal policies and procedures are prepared, reviewed, and updated as necessary.

d. Together with the Deposit Compliance Officer, oversees regulatory compliance examinations and prepares audit response following examinations.

Develops and coordinates loan compliance efforts, serving as backup for Deposit Compliance

a. Assists management with the maintenance and institution of policies and procedures.

b. Researches regulatory reference materials and obtains advice from regulatory agency staff, legal counsel and professional compliance associates.

c. Researches and responds to compliance-related questions from loan staff.

d. Maintains a working knowledge of Deposit Compliance in order to serve as backup to the Deposit Compliance Officer.

Develops and maintains a compliance monitoring control program

a. Selects samples and reviews loan documentation and lending procedures.

b. Prepares checklist and summary reports.

c. Reviews forms, brochures, notices, and advertising materials for compliance with applicable rules.

d. Ensures required lobby notices related to lending are current and displayed.

e. Files written report of compliance violations and recommended action to the CEO.

Promotes, maintains, and documents Community Reinvestment (CRA) activity

a. Maintains CRA file and documents activity.

b. Provides training and information for employees.

c. Prepares and analyzes geographical requirements.

Trains employees in regulatory compliance related to lending

a. Ensures that new employees are appropriately trained and that on-going training is provided for all employees.

b. Distributes compliance information as laws change.

Serves as the bank's primary Consumer Loan Officer

a. Interviews applicants to develop information regarding customers’ business needs, desires, and repayment abilities to determine risk level.

b. Gathers and evaluates information needed to make a credit decision and communicates the decision to the customer.

c. Closes approved loans using proper documentation.

Provides customer service backup to the Mortgage Loan Officer and the Commercial Loan Officer as needed

a. Meets with customers, as needed, in the absence of the Mortgage Loan Officer or Commercial Loan Officer, providing the usual services of a lender, turning the loan back to the responsibility of the originating lender.

Provides portfolio maintenance and collections assistance as required

a. Monitors customer financial condition and repayment progress on assigned accounts.

b. Monitors and follows up on loan maturities and renewals on assigned accounts.

c. Makes periodic calls on loan customers to evaluate management, inspect collateral and detect signs of potential financial problems.

d. Monitors the condition of the bank’s other real estate owned properties, and makes recommendations for necessary follow up.

e. Assists loan staff with more complex problem loans.

Submits quarterly compliance performance reports to the Board of Directors and prepares and submits a variety of required reports as directed

a. Maintains annual compliance calendar based on the level of risk exposure to the bank.

b. Submits a variety of required reports, both self-directed and at the direction of other bank officers.

Skills

• Ability to critically review and analyze policies and procedures.
• Above average oral, written, listening and presentation skills.
• Ability to work independently and in a cross-functional team setting.
• Highly organized and detail-oriented with strong ability to develop processes and process improvements.
• Basic knowledge of federal and state banking regulations.
• Good working knowledge of relevant computer and word processing software.
• Ability to perform quality work within deadlines with or without direct supervision. Professionalism with other employees and with customers, desire to work effectively as a team contributor and to make decisions in light of what would be in the best interest of the bank.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Work Location: In person

Salary : $50,249 - $76,991