| Job Description : |
UKFCU is an equal employment opportunity employer and is committed to providing employment opportunities to minorities, females, veterans, and disabled individuals. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran. UKFCU invites you to review the current “EEO Is the Law” poster as part of the application process. A link to the most current posters is here. Please also see the 2015 Supplemental EEO Poster here.
Applications are only accepted through our online application system. However, if you need assistance with any part of the application process or are unable to apply online because of a medical condition or disability and need an accommodation, please contact recruiting@ukfcu.org to let us know the nature of your request. Please note, UKFCU accepts only employment applications that are complete and received by the Office of Human Resources by the specified deadline for each opening.
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Title: Commercial Loan Compliance Specialist
Department: Risk Management
Reports to: Quality Assurance Supervisor
FLSA: Non-Exempt
Job Grade: 10
Purpose: Primarily responsible for conducting independent, post-closing reviews of commercial loan documents in accordance with statutory and regulatory compliance of Equal Credit Opportunity Act, Fair Credit Reporting Act, Flood Insurance, Home Mortgage Disclosure Act, Bank Secrecy Act/Office of Foreign Assets Control, Regulation O/Insiders, Regulation U/Securities (if applicable), as well as established Credit Union policies. Ensure accuracy and completeness of required documentation and confirm consistency with core processor.
JOB SPECIFIC RESULTS
Demonstrate strong knowledge and understanding of all lending regulations as they pertain to UKFCU commercial products.
Review commercial real estate loan files to ensure compliance with all applicable Credit Union policies and procedures as well as Federal and State regulations.
Review collateral files to ensure established standards are met including compliance with federal and state regulations and conformance to Credit Union policy, as well as ensuring the Credit Unions security interest is properly established and our lien position is upheld.
Ensure the quality, completeness, and accuracy of supporting loan documentation and analysis.
Cross check core systems to loan documents to ensure quality and accuracy.
Assist management in the preparation for and during audits and exams.
Evaluate new memberships and share accounts to determine compliance with internal policy/procedures that conform to applicable federal and state laws and regulations.
Communicate with Financial Service Officer and lending assistants to provide guidance on the correct way to document loan files and remedy existing issues.
Maintain knowledge of current policies, procedures, and regulations while remaining up-to-date on documentation and lien perfection requirements.
Identify and note exceptions, identify factors causing exceptions, and make recommendations to correct deficiencies and modify operations to reduce exceptions.
Produce and present exception reports to management for corrective action, identifying errors and deficiencies within core functions of the Credit Union.
Guard against fraud and negligence by officers, employees, and members within the accounting and loan production areas.
Attend required training to enhance lending compliance knowledge.
Perform other job related duties as assigned.
GENERAL STAFF RESULTS
Maintain member and employee confidence and protect operations by keeping information confidential and sharing on a business-related, as-needed basis only.
Engage in problem resolution by clarifying the members and/or employees complaint; determining the cause of the problem; selecting and explaining the best solution to solve the problem; expediting correction or adjustment; following up to ensure resolution; and keeping the supervisor informed of problems and solutions.
Comply with UKFCU policies and procedures by enforcing and adhering to internal UKFCU procedures and Board-established policies.
Comply with federal, state, and local regulations and legal requirements by enforcing and adhering to requirements.
Maintain professional and technical knowledge by: maintaining an awareness of competitors rates and terms, industry trends and technology; attending staff meetings; identifying opportunities to attend seminars that enhance skills and maintain knowledge of new products that could assist in improving operational effectiveness; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; and participating in professional societies.
Contribute to a team effort by accomplishing corporate and individual goals and other related results as needed.
MINIMUM REQUIREMENTS
College degree or equivalent is required.
Minimum 5 years experience in collateral/post-closing review department and financial institution auditing procedures.
Demonstrate a high level of knowledge of commercial lending practices.
Exhibit self-motivation while being detail oriented and able to take direction.
Exhibit professional demeanor ana a cooperative attitude with excellent organizational, analytical, verbal, and written communication skills being a must.
Demonstrate proficiency in Microsoft Office applications.
Demonstrate excellent time management skills.
Ability to communicate with others one-on-one and in groups, fielding questions, and responding to and reporting complaints.
Ability to define problems, collect data, establish facts, and draw conclusions while dealing with a variety of abstract and concrete variables.
Ability to work independently.
INTERPERSONAL SKILLS:
Ability to communicate with others one-on-one and in groups, fielding questions.
Ability to write reports, correspondence, policies, and procedures.
Demonstrate strong communication skills and professional interaction with employees and members.
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and stand; use hands to handle or feel objects, tools, or controls; reach with hands and arms; and talk or hear. The employee frequently is required to walk and stand while occasionally being required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
WORK ENVIRONMENT:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee will be required to work indoors in a climate controlled office setting. The noise level in the work environment is usually moderate.
MENTAL DEMANDS:
The mental characteristics necessary to competently perform this job include the occasional need to be persuasive, use good judgment; and, the continuous need to use auditory perception, memory, and reasoning ability.
The intent of this job description is to provide a representative summary of the types of results that will be required of the positions given this title, and shall not be construed as a declaration of the specific responsibilities of any particular position. Employees may be requested to perform job-related tasks other than those specifically outlined in this description. |
