Consumer Loan Compliance Quality Control Analyst

Location:

355 North Fifth Street

Indiana, PA 15701

Hours:

Monday - Friday: 8:00AM - 5:00PM

(Additional hours as necessary to meet the objectives of the department

Function : Responsible for ensuring quality control of the operation, audit and compliance risk of the Consumer Lending functions through managing and reporting. Requires knowledge of Consumer lending, applicable banking laws, federal and state regulations, Bank policies, & lending platforms.

Duties and Responsibilities:

• Completes full quality review of consumer loans to measure and effectiveness of the process inclusive of operations, compliance and regulatory requirements.

• Assists with documentation of regulatory and procedural differences and communicates this information to the manager responsible for the noted area.

  • Documents any regulatory errors or procedural documentation errors to create reports that are distributed to the manager responsible.

  • Maintains the compliance content of all Consumer Loan Operations instructional manuals for the Department

  • Participate in review of policies and procedures to provide the department with information for continuous quality improvement.

  • Maintains ongoing process to ensure remediation efforts have produced satisfactory results to immediately detect recurrences of defects.

  • Upon request, assist in the development and documentation of procedures.

• Remains current on daily and ongoing regulatory updates, proposals and process changes that may impact the line of business.

  • Maintains working knowledge of compliance regulations relative to Consumer Lending.

  • Apply knowledge of regulatory guidelines and industry best practices in making recommendations to mitigate risk and support the business line.

  • Proactively reads documentation and completes assigned training to maintain an understanding of and comply with laws, regulatory policies, bank policies and procedures pertaining to the employee’s responsibilities.

  • Participates in ongoing continuing education of process changes and regulatory updates.

• Independently reviews consumer loans as a first line of defense prior to closing and makes recommendations regarding changes as necessary to the loan package.

• Assists in Regulatory monitoring.

  • Review every Consumer Equity loan for HMDA accuracy.

  • Determine the action code for all rejected and denied loan applications.

  • Input correct HMDA Data on Consumer Loan Origination System

• Assists in determining the cause of any compliance errors, tracks by employee, and communicates to the responsible supervisor.

• Exercise a high-level of accuracy, initiative, interpersonal skills, and confidentiality while performing tasks to contribute to the success of the department.

• As requested, assist the Consumer Loan Funding and Compliance Quality Control Manager with training and education of Consumer Lending personnel, including operations and employees, regarding regulatory requirements and updates.

• Maintains records and conducts correspondence related to the work.

• Maintains a good working relationship with all S&T employees. Demonstrates the ability to work independently. Works as a team player to contribute to the success of the department and in turn the organization.

• Performs additional duties as required.

Education:

Requires a high school diploma or equivalent basic academic education.

Experience:

Requires two to five years general business experience, two to five years of specialized experience in Consumer Lending, Quality Control, consumer loan documents, regulations, and compliance.

Physical Demands:

This work can be performed at multiple locations. Operates a keypad device 80-90% of the day, operates electronic equipment 0-10%. Primary parts of the body involved include fingers, thumb, hand, wrist(s), elbows. Sitting 80-90%, walking 0-10% of the day. This work can be performed with reasonable accommodations.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: