Lending Compliance Analyst

Date posted:

Department:

Legal

Location:

Long Island City (HQ) - Queens, NY

Description:

Responsible for the coordination of the Credit Union’s overall fair lending compliance with applicable rules, regulations and statutory requirements by assisting in developing, monitoring, and maintaining a comprehensive fair-lending compliance program in consultation with assigned business units.

Accountabilities:

• Research and review all newly issued federal and state laws and regulations affecting lending at the credit union
• Ensure all new and existing loan products and services meet regulatory compliance requirements
• Review marketing materials, other delivery channels and website changes for compliance with all applicable regulations
• Review fair lending data, compliance reports and complaints. Work with management to develop risk mitigation strategies, track and report progress, and validate corrective actions
• Perform lending compliance research and advise lending management of upcoming changes in regulations
• Work with various business lines to manage various projects and initiatives in connection with lending compliance
• Develop and maintain an ongoing lending compliance training program for credit union employees with a concentration on fair lending laws and regulations, including Equal Credit Opportunity Act (ECOA), Home Mortgage Disclosure Act (HMDA), Truth in Lending, Fair Housing Act (FHA), and Unfair, Deceptive or Abusive Acts or Practices (UDAAP)
• Assist with maintaining UNFCU’s compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by UNFCU compliance program and all policies, procedures, rules and regulations
• Address compliance-related issues outlined as a result of any internal or external audit, NCUA examination or other third party
• Perform other duties as required

Qualifications:

TYPE & AMOUNT OF EXPERIENCE:
• Bachelor’s degree with at least 5 years of experience in lending compliance and/or operations
• Must be familiar with applicable laws and rules, including consumer protection laws and regulations, as well as supervisory compliance examination procedures
• Certified Regulatory Compliance Manager (CRCM) certification or similar certified compliance/audit/legal credentials

TECHNICAL COMPETENCIES:
• Strong PC skills, with good knowledge of Microsoft Word, Excel and PowerPoint

BEHAVIORAL COMPETENCIES:
• Excellent oral and written communication skills
• Strong interpersonal and analytical skills
• Project management skills
• Ability to simultaneously handle multiple tasks and changing priorities in an efficient manner
• Well organized, detail oriented, and has the ability to work independently
• Ability to work with all levels of management and Credit Union staff, as well as members

WORK ENVIRONMENT/CONDITIONS:
• Standard office conditions

In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.