Commercial Compliance Analyst

2 days ago Be among the first 25 applicants

$58,524.00/yr - $87,786.00/yr

Summary: The Commercial Compliance Analyst is responsible for ensuring that the Commercial Lending and Commercial Credit Departments comply with all pertinent laws and regulations, including but not limited to HMDA, CRA, and Regulation B: ECOA. As a first line of defense, the Commercial Compliance Analyst is responsible for HMDA and CRA data collection and integrity as well as the monitoring and testing of compliance with commercial lending regulations.

Keeps up to date with subject regulations and adheres to all bank policies, procedures, and regulatory requirements.

• Regulation B Compliance:
  Monitors underwriting processing timelines through the development and review of weekly Regulation B reports. Identifies loan transactions that are reaching the maximum allowable time for underwriting and communicates with commercial credit and lending personnel to ensure compliance with processing time requirements. Ensures adverse action letters are issued as required by Regulation B for declined, withdrawn, and incomplete loans, as well as counteroffer letters.
• CRA and HMDA Data Collection and Integrity:
  Reviews loan information outlined in commercial credit approval memos and worksheets to ensure loans are reportable under HMDA and CRA. Confirms that all data in the corresponding worksheets is accurate. Responsible for collection, input and accuracy of HMDA and CRA data into the Bank’s monitoring software. Works with the Community Development and Compliance Departments to ensure data is timely and accurate.
• Commercial Compliance Monitoring and Testing:
  Develops and implements first line of defense transaction testing to self-identify potential issues. Performs transaction testing on a sample of loans to ensure compliance with regulatory requirements and internal procedures. Tracks exceptions through issue management reports and uses findings to identify opportunities for procedural improvements.
• Reporting:
  Develops reports to summarize monthly transaction testing results to management and makes recommendations to enhance departmental procedures. Creates additional commercial compliance reporting as needed.
• Policies, Procedures and Documentation:
  Develops and maintains policies and procedures related to first line commercial compliance monitoring and testing. Works with the Commercial Lending, Credit and Closing Departments to enhance policies, procedures and documentation to meet regulatory expectations.
• Regulatory/Compliance Knowledge:
  Remains current on regulations impacting commercial lending activities. Monitors regulatory changes and updates related policies, procedures and documentation accordingly.
• Other:
  Performs other job-related duties as assigned.

• Bachelor’s Degree
• Three or more years of regulatory compliance experience as it pertains to residential, consumer and/or commercial lending
• Strong attention to detail, accuracy, and adherence to deadlines
• Ability to adopt and leverage new technology
• Excellent verbal, written and interpersonal communication skills
• Strong analytical skills
• Proficiency in Microsoft Excel
• Knowledge of regulations applicable to Commercial Lending, including Regulation C (HMDA), Regulation BB (CRA), Regulation H (Flood), Regulation B (ECOA), Regulation V (FCRA & Identity Theft Red Flags), and the Service members Civil Relief Act; familiarity with Adverse Action and the 30-day rule
• Bank Secrecy Act knowledge

• Medical, Dental, Vision and Rx benefits
• Bonus programs
• Employee Stock Option Program (ESOP)
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment
• Paid Time Off (PTO) including Personal and Vacation Time
• Paid Sick Time
• Bank Holidays
• 401k program participation

This role is eligible for a hybrid schedule; 3 days in the office and 2 days work from home based on business need.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.

• Seniority level:
  Mid-Senior level
• Employment type:
  
  Full-time
• Job function:
  Legal
• Industries:
  Banking