Loan Quality Assurance Team Lead

1 week ago


Columbia, Maryland, United States Sandy Spring Bancorp Full time
About the Job

Sandy Spring Bancorp is seeking a highly skilled Loan Quality Assurance Team Lead to join our Commercial Banking team. As a key member of our team, you will be responsible for ensuring the quality and accuracy of our commercial loan portfolio.

Key Responsibilities:

  • Manage and lead a team of loan quality assurance specialists to review and verify commercial loan documentation and data.
  • Develop and implement quality control processes and procedures to ensure compliance with regulatory requirements and bank policies.
  • Collaborate with internal partners, including loan administration, IT, and business process management, to re-imagine and improve our commercial loan review process.
  • Oversee the quality control review of new, renewed, and modified commercial and consumer loans, handling escalations and providing feedback to other departments.
  • Maintain records and develop reports to identify trends, error rates, and areas of concern, and provide recommendations for improvement.
  • Develop and manage the bank's Quality Control plan for compliance with bank and regulatory requirements, designing compliance testing models and ensuring the integrity of all loan system data.
  • Prepare and submit pledged loan reports for HMDA, CRA, FHLB, and FRB, requiring a thorough understanding of all pledged loan requirements and associated data.

Requirements:

  • 7+ years of experience in banking compliance, operational risk management, or a related field, with prior supervisory experience preferred.
  • Strong understanding of commercial banking practices, including loan authority, collateral, rate structures, and borrower entity relationships.
  • Advanced experience using personal computer systems, including database, spreadsheet, and word processing applications.
  • Advanced problem-solving skills, with the ability to interpret policies and procedures and select alternative procedures and work routines.
  • Ability to work under minimal supervision, with a high level of independence and judgment.

Working Conditions:

The ideal candidate will have a strong background in commercial banking and a proven track record of leading quality assurance teams. They will be able to work effectively in a fast-paced environment, with a high level of attention to detail and a commitment to excellence.



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