Job Title: Compliance Officer Location: Hybrid/Remote (with in Washington) - Bellevue/Spokane Reports To: CEO/Board of Directors
Job Summary:
The Compliance Officer is responsible for leading the bank’s lending compliance program with a primary focus on federal “alphabet regulations” impacting consumer and commercial lending activities. This position ensures the bank maintains compliance with applicable consumer protection laws, supports a strong compliance culture, and is exam-ready for FDIC oversight.
Key Responsibilities:
- Manage and maintain the bank’s compliance management system (CMS) specific to lending operations.
- Interpret, implement, and monitor compliance with key federal regulations including:
- Regulation B – Equal Credit Opportunity Act
- Regulation C – Home Mortgage Disclosure Act (if applicable)
- Regulation Z – Truth in Lending Act
- Regulation X – RESPA (if applicable)
- Regulation O – Insider Lending
- Regulation AA – Unfair or Deceptive Practices
- UDAAP – Unfair, Deceptive, or Abusive Acts or Practices
- Monitor loan-related disclosures, forms, and marketing content to ensure compliance with applicable regulations.
- Conduct regular risk assessments, monitoring, and testing of loan origination, underwriting, servicing, and documentation practices.
- Stay current on regulatory changes and provide timely guidance and training to lending and operational teams.
- Serve as a compliance advisor during loan product development or changes to underwriting criteria or procedures.
- Prepare for and support FDIC consumer compliance exams and internal/external audits.
- Report key compliance findings and trends to executive management and the Board.
- Deliver targeted training for lending, credit, and operations staff on relevant regulations.
- Maintain documentation of monitoring results, training attendance, and corrective actions.
Qualifications:
- Bachelor’s degree in business, finance, legal studies, or a related field.
- Minimum 5 years of experience in banking compliance, with a focus on lending compliance.
- Strong working knowledge of alphabet regulations and FDIC compliance expectations.
- CRCM or similar compliance certification preferred (or willingness to obtain within 12 months).
- Excellent analytical and communication skills.
- Proven ability to work independently and collaboratively across departments.
- Familiarity with compliance monitoring tools or loan origination systems is a plus.
Preferred Experience:
- Experience working in a community bank environment.
- Direct involvement in FDIC compliance exams or audits focused on lending activities.
- Knowledge of fair lending analysis and complaint trend monitoring.