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| Job Category : | Business |
| Company Name: | Benchmark Community Bank |
| Position Name: | Compliance/Bank Secrecy Act Assistant |
| Location : | Kenbridge, VA 23944 |
| Job Description : | Responsible for completing loan audits. Responsible for maintaining appropriate systems to identify regulatory or policy violations. Responsible for creating and/or maintaining required data for various government agencies, such as Home Mortgage Disclosure Act (HMDA) & Community Reinvestment Act (CRA) data. Responsible for assisting with Fair Lending analyses. Serve as Loan Compliance, HMDA, and Fair Lending subject matter expert by providing professional assistance to bank staff/officers. DUTIES Loan Compliance Fair Lending: Review loan files and communicate with loan officers to compile loan policy exceptions, guideline exceptions, or pricing exceptions. Coordinate with the Deputy Compliance/BSA Officer to prepare quarterly exception reports. Coordinate with the Compliance/BSA Team to compile fair lending data, perform research, conduct self-assessments, conduct matched pair analysis, and generate reports. HMDA (Home Mortgage Disclosure Act): Import and/or key HMDA data into HMDA software. Review loan files and communicate with loan officers to verify accuracy of HMDA data. Clear or verifies quality edits, validity edits, and geocodes to maintain integrity of the HMDA data. Maintain the LAR so that data is current & accurate to meet timing requirements set forth in Reg C. CRA (Community Development Act): Maintain the CRA LAR so that data is current & accurate to meet timing requirements set forth in Reg BB. Compliance Audit/Reviews: Reconcile new loans and denied applications to credit reports pulled to confirm action. Responsible for performing a review of a sample of loans originated, as well as a sample of loans not originated, for proper documentation, regulatory requirements, and compliance with internal policies and procedures. Responsible for performing risk-based regulatory audits. Responsible for a secondary fair lending review of non-originated loan applications. Operational Loan Compliance: Research FCRA disputes as outlined by regulation and escalate more complex disputes to the Deputy Compliance/BSA Officer. Prepare FCRA response letters for credit dispute responses that are frivolous or irrelevant. Review marketing material for compliance with federal and state regulations. Escalate reviews as appropriate. New Regulation: Stay abreast of regulatory changes and new requirements. Assist in the implementation of new regulatory requirements. OFAC Compliance OFAC (Office of Foreign Asset Control): Coordinate with the Compliance/BSA team to review wire OFAC hits. Subject Matter Expert: Provide professional assistance to bank staff/officers in relation to the Loan Compliance, HMDA, Fair Lending, and FLO. Responsible for collecting, communicating, and escalating questions as appropriate. Other Duties Other duties as assigned. QUALIFICATIONS Must be extremely detail-oriented and possess strong written and verbal communication skills. The ability to gather and interpret data skillfully is required. The ideal candidate will possess a probing, inquisitive mind and enjoy identifying and solving problems. Three years or more years in loan documentation, HMDA, and compliance experience along with a Bachelor’s degree is preferred. EEO/M/F/Vets/Disabled |
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