Loan and Compliance Officer

Location: 205 W. Main Street, Marshalltown, IA 5158

Develops, implements and monitors 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. 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.

• Analyzes new and pending laws and regulations which directly affect the bank’s lending practices and maintains copies of appropriate regulations and interpretations.
• Develops or revises appropriate policies, procedures, contracts and agreements to ensure compliance.
• Ensures that internal policies and procedures are prepared, reviewed, and updated as necessary.
• Together with the Deposit Compliance Officer, oversees regulatory compliance examinations and prepares audit response following examinations.

• Assists management with the maintenance and institution of policies and procedures.
• Researches regulatory reference materials and obtains advice from regulatory agency staff, legal counsel and professional compliance associates.
• Researches and responds to compliance-related questions from loan staff.
• Maintains a working knowledge of Deposit Compliance in order to serve as backup to the Deposit Compliance Officer.

• Selects samples and reviews loan documentation and lending procedures.
• Prepares checklist and summary reports.
• Reviews forms, brochures, notices, and advertising materials for compliance with applicable rules.
• Ensures required lobby notices related to lending are current and displayed.
• Files written report of compliance violations and recommended action to the CEO.

• Maintains CRA file and documents activity.
• Provides training and information for employees.
• Prepares and analyzes geographical requirements.

• Ensures that new employees are appropriately trained and that on-going training is provided for all employees.
• Distributes compliance information as laws change.

• Interviews applicants to develop information regarding customers’ business needs, desires, and repayment abilities to determine risk level.
• Gathers and evaluates information needed to make a credit decision and communicates the decision to the customer.
• Closes approved loans using proper documentation.

• 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.

• Monitors customer financial condition and repayment progress on assigned accounts.
• Monitors and follows up on loan maturities and renewals on assigned accounts.
• Makes periodic…