The Compliance Specialist ensures compliance with lending regulations, conducts monitoring reviews, analyzes exceptions, and provides training and support in compliance functions.
SUMMARY/OBJECTIVE:
The Compliance Specialist is responsible for ensuring lending operations, policies, and procedures align with legal standards, industry regulations, and internal policies.
ESSENTIAL FUNCTIONS:
The Compliance Specialist is responsible for ensuring lending operations, policies, and procedures align with legal standards, industry regulations, and internal policies.
ESSENTIAL FUNCTIONS:
- Conduct first line monitoring reviews of the Residential and Commercial lending departments
- Analyze the root cause of exceptions and make practical recommendations for improvement
- Review and maintain first line lending compliance procedures
- Maintain up to date knowledge of key Federal and State lending regulations
- Assist with the coordination of lending audits
- Conduct department specific compliance training as necessary
- Review and reconcile monthly flood reports
- Act as a back-up for the Collections Specialist as needed
- Assist in other Compliance related functions of the Bank as requested
- 3+ years in residential lending compliance and/or audit with knowledge of federal and state regulations
- 1+ years in Commercial lending compliance and/or audit with a focus on CRA, HMDA and CD
- Knowledge of general Bank policies, operating procedures, and internal controls, banking laws and regulations
- Proficiency with Microsoft Office products
- Strong verbal and written communication skills
- Ability to perform compliance reviews independently and under general supervision
- Well organized with attention to detail
- Demonstrated ability to exercise independent and sound judgment
- Ability and willingness to be on site 5 days a week
Northern Bank Woburn, Massachusetts, USA Office
275 Mishawum Rd, Woburn, MA, United States, 10801
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