Consumer Lending Compliance Specialist

1 day ago


Lancaster Pennsylvania, United States Fulton Bank Full time
About the Role

Fulton Bank is seeking a highly skilled Consumer Lending Compliance Specialist to join our team. As a key member of our compliance department, you will play a critical role in ensuring the bank's consumer lending operations are in compliance with relevant laws and regulations.

Key Responsibilities
  • Monitor and report on risk and control issues affecting the business unit, and participate in compliance initiatives to mitigate these risks.
  • Ensure new credits adhere to consumer credit policies, credit guidelines, and applicable government regulations for all consumer products, with a focus on business banking.
  • Assist in the compilation and distribution of consistent and accurate reporting to management, including credit quality and exceptions, HMDA, funded or non-funded data, Regulation B, post-closing reviews, quality control, and verification of compliance with consumer lending policies and applicable government regulations.
  • Analyze transactions for new HMDA-related requests and contact lenders for detected violations uncovered in non-funded and funded loan reporting.
  • Review documents returned from closing to ensure completeness, accuracy, and compliance with applicable regulations.
  • Ensure all applicable system checklist conditions are accounted for and approved to guarantee workflows for dependent departments are initiated in a timely manner.
  • Provide compliance reporting analysis support in the evaluation and monitoring of consumer credit operations for potential regulatory compliance risk.
  • Participate in remediation of any audit, compliance, or regulatory findings associated with the line of business, identify training needs relative to credit quality, exceptions, compliance, and/or audit findings, and communicate to management.
  • Remain current on consumer lending guidelines and regulatory developments in collaboration with the underwriting and compliance departments, and partner with retail credit team members to implement changes to policy, product, and processes as needed.
  • Serve as a point of contact to retail sales team members for consumer credit regulatory inquiries and participate in special projects as needed or required.
Requirements
  • Bachelor's degree or equivalent experience in a related field, such as business or finance.
  • 2+ years of experience in business banking, including small business and commercial loans.
  • 1+ year of experience in consumer credit compliance, preferred.
What We Offer

Fulton Bank offers a comprehensive benefits package, including medical plans, flexible spending accounts, dental and vision insurance, life insurance, 401(k) program with employer match, paid time off, disability insurance coverage, and a robust wellness program with financial incentives.



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