Regulatory Compliance Specialist
Regulatory Compliance Specialist
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Job Description
Job Details
Description
Take a leap and join our team!
At Gesa we believe in the power of our people. Coming from all walks of life our team members individual stories and unique experiences are our most valuable asset. But its how we come together igniting our collective compassion and commitment to empowering our communities that makes us succeed. Because we know we go further when we go together.
Here you can join a team who is passionate about serving others has a desire to do good and shares a deep love of people. You can engage in meaningful work that impacts your community. You can challenge yourself and grow in your career. And you can rest assured that your wellbeing and prosperity are our priority.
Get to know us:About - Gesa Credit Union
Role Summary:
Compliance Specialist role requires knowledge of consumer regulatory compliance and is responsible for monitoring and assessing adherence to all local state and federal regulations including those applicable to mortgage loans consumer loans commercial lending deposit products commercial products and various digital products and services. This position has autonomy of independent decision making within their areas of responsibility.
What You Will Be Doing:
- Knowledge and expertise in consumer and mortgage lending areas specifically Regulation C (HMDA) Truth in Lending Act (Regulation Z) Real Estate Settlement Procedures Act (RESPA) Mortgage Servicing Fair Credit Reporting Act and Fair Lending regulations (ECOA and Fair Housing Act) SAFE Act Flood Disaster Protection Act Fair Debt Collection Practices Act and Home Owners Protection Act
- Knowledge of credit union lending processes and procedures which must include experience with origination and servicing in at least one of the following areas: consumer lending mortgage lending or commercial lending
- Knowledge of loan origination systems and ability to navigate the credit unions core processing systems
- Work with AVP of Compliance to perform extensive and complex validation and targeted reviews of lending HMDA data across consumer and business channels to ensure the data is collected and reported in compliance with the regulatory interpretation
- Research and assist in the analysis interpretation and application of lending regulations and practices as they relate to the credit union
- Work with AVP of Compliance to perform ongoing reviews of the credit unions loan products and work with the appropriate departments to analyze loan data for fair lending compliance
- Recommend policies procedures and processes to help ensure activities are conducted in compliance with applicable laws regulations and rules
- Assist with review of third-party vendors to perform certain compliance audits following a Request for Proposal (RFP) process to detail the scope and price of the audits and recommend the selection of these vendors to conduct compliance audits/reviews
- Develop and conduct internal compliance self-assessments and internal reviews to ensure activities are conducted in compliance with applicable laws regulations and rules. Communicate the review requirements to appropriate departments assist in collecting audit material as appropriate and track all findings and resolutions
- Assist with performing and completing the credit unions regulatory risk assessment covering all consumer regulatory related risks identify the gaps and provide recommended solutions for the identified gaps. Work with the departmental stakeholders to implement those solutions
- Perform monitoring of vendor compliance with consumer regulations deposit disclosure updates and tracking compliance monitoring quality control and other compliance programs and projects as assigned
- Review the implementation of new products/services or changes to existing product/services for compliance and regulatory requirements and/or for potential issues and implement appropriate compliance validation steps
- Assist in the review of marketing materials for compliance with applicable state and federal laws prior to their release to the membership when applicable
- Assist with periodic reports to AVP of Compliance for reporting to the Board of Directors Supervisory Committee and Executive Leadership with regards to compliance matters when applicable
- Assist AVP of Compliance with performing compliance due diligence reviews for the vendor onboarding
- Keep abreast of changes in regulations as appropriate. Distribute appropriate materials to departments assess progress on compliance with new regulations and serve as a subject matter expert to the credit union on compliance related issues
- Maintain a continuous study of applicable State and Federal laws
- Advise supervisor of potential impact of new or amended regulations including those that affect mortgage consumer loans consumer and commercial accounts and member privacy regulations
- Keep supervisor informed of key operating issues affecting areas of responsibility
- Participate and act as a subject matter expert with various cross-department projects involving change in products and/or new product release
- Act as compliance resource for the credit union including consumer deposit and loan regulations and mortgage regulations including research analysis interpretation and providing answers to consumer regulatory issues from all departments. Assist with training as requested
- Assist in evaluating and resolving member complaints related to regulatory compliance
- Perform other job-related duties as assigned by AVP of Compliance
- Perform all duties and maintain all sensitive data with the highest standard of confidentiality and professionalism. Consistently display respect for all areas of diversity and levels of knowledge
- Display leadership values such as mutual respect trust honesty and dignity and act in the best interest of the credit union. Lead by example by displaying solid ethics and integrity at all times
- Control risk and operate in a safe and sound manner
- Perform administrative support as necessary for completion of tasks assigned
- Perform a variety of routine daily tasks; review reports and prepare correspondence; prepare periodic reports on the status of work activities; monitor compliance activities and reports with respect to areas of assigned responsibilities
- Assist VP of Internal Audit and/or delegate with state and federal compliance audits and examinations as needed
About You:
- Understanding of methodologies for researching and analyzing compliance issues
- Ability to assess regulatory requirements and assess successful completion of those requirements
- Ability to develop an expertise in certain regulatory areas such as mortgage lending consumer lending etc.
- Understand money laundering and fraud scenarios and analyze account activity in light of potential illegal AML activity. Construct thorough and logical written analysis of account activity
- Excellent interpersonal and teamwork skills. Excellent listening skills and customer service attributes
- Proficient in computer applications reporting and file/data systems
- Problem-solving skills detailed oriented resourceful process improvement know-how and ability to express ideas
Qualifications
What You Will Need:
- BS/BA degree may be waived for a lesser degree based on years experience in a qualified field such asbanking regulatory compliance business management electronic payments projectmanagement risk managementinternal audit or other analytical area
- Six(6) years or moreexperience in banking regulatory compliance business management electronic payments projectmanagement risk managementinternal audit or another analytical field
- Credit Union Compliance Expert (CUCE) or other related compliance certifications is required. Additional lending certifications are preferred
- A solid understanding of a variety of consumer regulatory requirement
- Knowledge of concepts practices and compliance techniques for the credit union industry
- Organizational and project management capabilities
- Ability to understand and analyze complex legal and regulatory issues and laws and provide compliance recommendations
- Understanding of reporting requirements of regulatory agencies relevant to assigned tasks
- Good communication skills both written and oral. Courtesy tact and diplomacy to be exercised while giving or obtaining information building relationships or dealing with staff and members
- Some travel required to complete credit union training assist in training other staff or approved professional training
Our Team Member Value Proposition:
In exchange for bringing your talent to Gesa here are a just a few of the benefits and perks we offer:
- Competitive Pay
- Medical Dental Vision and Life Insurance
- 20 days/year of Paid Time Off Plus 10 Paid Holidays!
- 401(k) Match
- Incentive Program
- Tuition Assistance and Student Loan Repayment
- Commuter Benefits
- Paid Time Off to Volunteer in the Community
- Product discounts
- Engaging Work Environment
- Rewards and Recognition Programs
Salary Range:
$24.34 - $41.17
Get wise to whats possible with a career at Gesa. Join us!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact the HR Department at or to request an accommodation.
Gesa Credit Union reserves the right to revise or change the job description as the need arises. This job description is not all inclusive of total job responsibilities nor does it constitute a written or implied contract of employment.
Selected candidate(s) must be able to pass a pre-employment credit/background check.
Gesa Credit Union is an Equal Opportunity Employer and strong advocate of workforce diversity. Race/Color/Gender/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Veteran.
Required Experience:
Senior IC
Employment Type
Full-Time
