JOB SUMMARY
SUMMARY:
The Loan Compliance Assistant is responsible for assisting the Compliance Officer with ensuring the bank complies with regulatory requirements and applicable policies and procedures and maintains a strong compliance management program. Responsible for performing various quality control reviews to ensure compliance. Collaborates with other compliance staff in the identification, measurement, and monitoring of compliance risks.
ESSENTIAL DUTIES:
AND RESPONSIBILITIES:
Comply with all federal, state, and local regulatory rules and regulations governing financial institutions as well as all bank policies and procedures. Loan Review Loan Reviewo Review loan accounts for compliance and policy exceptions dailyo Add/clear/review loan exceptions o Assist with pre-closing reviews as neededo Track and review denied and withdrawn loan applicationso Add insurance exceptions from core ticklers weeklyo Add inspection exceptions from core ticklers weeklyo Add the number of exceptions / numbers of exception per loan for weekly Exception Ranking reporto Conduct review of TRID Loans Loan Estimate Closing Disclosure Closing DocumentsData Collection and Reporting Assist Compliance Officer with collecting, entering, and verifying data for various reports such as: o HMDA Loan Application Registero CDFI reportso Community Reinvestment Act Job knowledge, Training, Customer Service, and Other assigned duties Provide quality customer service, as outlined in the FNB Employee Handbook (Customer Relations), with each contact with customers, potential customers, internal customers (employees), vendors, and other individuals. Complete assigned compliance courses and other assigned training by the deadline Other duties and responsibilities as assigned Other Primary (P), Secondary (S), or Back Up (B) Responsibilities that may be assigned Back up to Compliance / BSA Specialists when needed Review Reg CC and Savings account holds Review Deposit Accounts for CIP exceptions and errors Bid/Order real estate appraisals, evaluations, & validity reviews Review incoming/outgoing wire transfers Review the following reportso Master Account Modification Activity Reporto Daily New Account Listingo Closed Account Reporto Daily New Loan Account Reporto New/Expiring Stop Payments and Holds Reporto Verafin Alerts Add/clear/review Deposit Exceptions Manage weekly reports for deposit exceptionsSUPERVISORY RESPONSIBILITIES:
No supervisory responsibilities are assigned to this positionCOMPLIANCE RESPONSIBILITIES:
All employees are accountable for compliance with all laws and regulations and adherence to established internal controls and procedures when performing their job duties. Each employee is expected to be familiar with the legal and regulatory requirements and internal controls affecting his or her job responsibilities. It is the affirmative duty of each employee to carry out these responsibilities at all times in a manner that complies with all applicable legal and regulatory requirements and internal controls. All employees shall be responsible for communicating upward, problems in operations, noncompliance with the code of conduct, or other policy violations or illegal actions. Employees must participate in required training on pertinent compliance laws and regulations as required by the bank. All employees will be committed to maintaining a high level of compliance with the Bank Secrecy Act and Anti Money Laundering, USA PATRIOT Act recognizing that these are important tools in federal efforts to combat organized crime, terrorism, and drug trafficking.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the education, experience and/or knowledge, skills, and abilities required for and in the position. High school diploma/GED required Three (3) years of banking experience required, preferably with a background in loan documentation review or loan administration; or equivalent combination of education and experienceCERTIFICATES, LICENSES, REGISTRATIONS None requiredCOMPUTER AND OFFICE EQUIPMENT SKILLS: Microsoft Office Suite (i.e., Outlook, Word, Excel)10-key calculator, copy machine, MFP - multi-function printer/scanner/fax machineComputer skills required; Good typing skills (at least 40 wpm)Ability to operate various business office machines
SKILLS:
PREFERRED/REQUIRED Integrity, discretion, and respect for confidentiality and privacy required Knowledge of loan documentation preferred Knowledge of deposit documentation preferred Knowledge of bank products and services Knowledge of BSA / AML / OFAC regulations preferred Knowledge of key banking regulations preferred Critical thinking skills (analytical) required Presentation, analytical, interpersonal and collaborative skills with all levels of internal customers Ability to place and retrieve files (paper/digital) chronological, alphabetical, numerical, or alpha-numeric req...