Regulatory Risk Manager

5 days ago


Holyoke, Massachusetts, United States PeoplesBank Full time
About the Job

We are looking for a Loan Compliance Analyst to join our team at PeoplesBank.

This role involves providing guidance on applicable local, state, and federal regulations. The successful candidate will participate in process implementation and support the Consumer Lending department.

Key Responsibilities:
  1. Responsible for collecting and validating HMDA reporting information in the origination system
  2. Conducts accuracy validation and annual submission of the HMDA LAR
  3. Responsible for pre-funding and post-closing quality control reviews of originated and non-originated loans
  4. Performs review and updates from results of the monthly New/Existing Customer CIP Exception report
  5. Identifies trends and errors through quality review and implements remedial training
  6. Investigates and resolves red flags on loan files for compliant submission
  7. Partners with the Production and Servicing teams to provide guidance on all compliance matters
  8. Supports strategic initiatives as the subject matter expert during project development stages
  9. Maintains knowledge of changes within local, state, federal regulations and assists with implementation of new expectations
  10. Ensures compliance with regulatory requirements and industry standards
Requirements

Candidates must have:

  • An Associate's degree or equivalent from a two-year college or technical school
  • A minimum of two years related experience and/or training
  • Excellent communication and interpersonal skills
  • Strong analytical and problem-solving skills
  • Ability to work independently and collaboratively in a team environment
  • Knowledge of Compliance laws, rules, regulations, risks and taxonomies related to Mortgage Originations
  • Proficient in Microsoft Office Suite or related software program

Estimated Salary: $62,000 - $82,000 per year, depending on experience and qualifications.



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