Lending Compliance Advisor

The Lending Compliance Advisor is responsible for supporting WPCU’s Compliance program’s daily activities to promote compliance with appropriate laws and regulations, including but not limited to TILA (Reg Z), RESPA (Reg X), SCRA, FCRA, MLA, ECOA, HMDA, UDAAP, and the S.A.F.E. Act. Provides periodic review and updates to all required lending- related compliance policies and procedures. Evaluates the effectiveness of credit union controls intended to mitigate lending compliance risk for assigned business units. Participates in business line projects and meetings to provide compliance support, manages lending-related compliance issues for assigned business units, and responds to compliance questions. Collaborates with Deposit Compliance Advisors to effectively provide compliance support to cross-functional business line functions. Collaborates with Director, Lending Compliance and team to address lending testing findings for assigned business units and to assist with regulatory change impacts, enterprise compliance projects, business unit process risk assessments, and other initiatives.

1) Manages relationships with assigned business units. Provides ongoing support and education to assigned business units regarding proactive self-identification of compliance risks and ongoing self-identification of compliance gaps or weaknesses in business unit processes. Provide support to the Director, Lending Compliance in scheduling and conducting meetings with business partners to address complex issues. (25%)

2) Assists with tracking statuses and providing ongoing updates to the lending compliance project and issues lists for the Lending Compliance Team. Assists with outstanding tasks, including but not limited to, enhancing WPCU’s policies and procedures, Compliance-related training, root cause analysis and correction, lending compliance risk assessments, and the upkeep and updates to the overall Compliance Management System. (25%)

3) Reviews marketing and advertising materials, as well as social media posts and other compliance-related disclosures to ensure compliance with applicable state and federal laws, rules, and regulations. (15%)

4) Serves as subject matter expert for lending-related regulatory compliance laws, regulations, regulatory guidance, and industry best practices. Stays informed of general regulatory compliance and consumer protection requirements by reviewing industry publications, receiving compliance training, and networking with professional advisors, experts, and peers. Partner with Director, Lending Compliance to assist with analyzing new laws and regulations, developing industry and compliance trends, and emerging compliance risks, and provide recommended changes to policies, procedures, or business line controls. (10%)

5) Maintains periodic communication with Director, Lending Compliance for status updates of projects or compliance challenges with assigned business units. Submits periodic compliance reports to management, as needed; (10%)

6) Reviews assigned product and service disclosures and advertising materials for compliance with applicable rules. Ensures proper policies, procedures, risk mitigation activities, and operating controls are followed. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated. (5%)

7) Review member complaints to monitor for lending compliance-related issues, as needed. Participates in the oversight of regulatory compliance audits and/or examinations. (5%)

8) Helps to develop, coordinate, and facilitate training programs, sessions, and seminars to educate business line partners about compliance requirements and procedures. Provides and/or assists with assigning Compliance training to managers and employees as needed. (5%)

Required Skills

The Lending Compliance Advisor has comprehensive knowledge of compliance laws and regulations, federal and state credit union regulations, industry practices and lending products. The following are also required or strongly preferred:

1) A Bachelor’s Degree in a business or legal discipline, or equivalent experience

2) At least 8+ years’ experience in a depository financial institution with at least 6+ years’ experience in a lending compliance role.

3) Experience with using Microsoft Office to create spreadsheets, graphs, pivot tables, presentations, and Visio workflows a plus.

4) Ability to present complex information clearly and concisely to both large and small groups.

5) Ability to think ahead to provide ideas for continuous improvement opportunities.

6) Ability to work independently, with or without direct instruction.

7) Highly developed communications, analytical, and organizational skills. Ability to take decisive action.

8) Must be able to evaluate and solve problems from multiple perspectives.

9) Excellent written and verbal communication skills.

10) CRCM certification or equivalent is a plus.

Required Experience

The Lending Compliance Advisor has comprehensive knowledge of compliance laws and regulations, federal and state credit union regulations, industry practices and lending products. The following are also required or strongly preferred:

1) A Bachelor’s Degree in a business or legal discipline, or equivalent experience

2) At least 8+ years’ experience in a depository financial institution with at least 6+ years’ experience in a lending compliance role.

3) Experience with using Microsoft Office to create spreadsheets, graphs, pivot tables, presentations, and Visio workflows a plus.

4) Ability to present complex information clearly and concisely to both large and small groups.

5) Ability to think ahead to provide ideas for continuous improvement opportunities.

6) Ability to work independently, with or without direct instruction.

7) Highly developed communications, analytical, and organizational skills. Ability to take decisive action.

8) Must be able to evaluate and solve problems from multiple perspectives.

9) Excellent written and verbal communication skills.

10) CRCM certification or equivalent is a plus.