Compliance Specialist - Fair Lending

BAYTREE HEADQUARTERS
8045 North Wickham Road
Melbourne, FL 32940, USA

At Space Coast Credit Union (SCCU), our members are at the heart of everything we do. Since 1951, we’ve been committed to delivering financial services founded on integrity and a people-first philosophy.

As a Compliance Specialist I - Fair Lending in our Melbourne Headquarters
, you will be responsible for implementing the Credit Union’s Fair Lending Compliance Risk Management Program. The Fair Lending Compliance Specialist will serve as a liaison to business units across the three lines of defense to identify and mitigate Fair Lending risk.

• Analyze lending data with extensive use of Microsoft Excel, utilizing Consumer, Mortgage and Business lending data from applicable internal lending operating systems.
• Monitor all lending processes and procedures to proactively identify emerging Fair Lending risks and report findings to management.
• Maintain accurate records of lending data reviews and outcomes and prepare regular reports summarizing activity and trends for management review.
• Provide guidance and support to lending business units regarding procedures and regulatory obligations.
• Assist business units with reporting and assessing enterprise-wide Fair Lending compliance, including assessing compliance risk management programs as well as targeted regulations and requirements, such as Fair Lending, Home Mortgage Disclosure Act, Unfair Deceptive or Abusive Acts or Practices, and the technical federal and state regulatory laws, rules, and regulations applicable to the Credit Union’s lending functions.
• Participate in proposed changes to policies, procedures, and Credit Union training to ensure Fair Lending compliance with applicable laws and regulations.
• Maintain relationships and effective communication with business units across the Credit Union to influence strong Fair Lending compliance standards and consideration of Fair Lending risk.
• Assist in the design and/or revision of lending related forms, disclosures, notices, marketing advertisements and promotions to ensure compliance with applicable rules and regulations.
• Review and analyze formal complaints and Member surveys according to applicable focus, to identify potential Fair Lending concerns, trends, and areas for improvement as part of SCCU’s Complaint Management Program.
• Collaborate with business units to investigate Fair Lending complaints, determine root causes, and recommend corrective actions to mitigate compliance risk.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum level of knowledge, skills and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

High School Diploma or GED is required. A combination of training, education, and experience is preferred. Credit union or banking compliance and/or Fair Lending experience preferred.

1-3 years’ of regulatory compliance knowledge in at least one of the following areas:
Fair Lending, HMDA, and UDAAP. Minimum 1 year experience in SCCU Training, Mortgage and/or Consumer Lending, Underwriting, Processing, Servicing, or Loss Prevention Department may be considered as equivalent experience.

• Working knowledge of Encompass and/or Meridian Link loan operating systems.
• Excel, Word, PowerPoint applications.

• Starting Compensation: $24.74 - $26.20 /hour
• Bonus Opportunity:
  Eligible for ONE SCCU Annual Bonus.

• Health & Wellness:
  Medical, dental, and vision insurance, plus an Employee Assistance Program.
• Financial Perks: 401(k) match (5%), HSA match, and SCCU-paid insurance (short/long-term disability, life insurance).
• Education Support:
  Tuition reimbursement after one year of service.
• Generous Time Off: 20+ days of PTO, birthday PTO, and 11 federal holidays.
• Exclusive Discounts:
  Lower rates on loans, credit cards, and no fee SCCU accounts!

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.