Lending Compliance Manager - Northrim Building/Remote Available

Employee Benefits:

• Medical, Dental and Vision insurance, including FSA (Flex Spending Account)
• Paid Time Off to include select paid holidays
• Retirement Benefits with generous 401K match

Some Other Favorite Employee Benefits Include

Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!

Position Summary

The Lending Compliance Manager is responsible for ensuring the bank’s adherence with compliance requirements for the Community Reinvestment Act (CRA), commercial/small business, consumer, and mortgage lending regulations and requirements, and Nondeposit Investment & Insurance Product regulatory requirements.

The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties.

Essential Duties and Responsibilities

1. Maintain compliance programs for: CRA, Home Mortgage Disclosure Act (HMDA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Fair & Accurate Credit Transactions Act (FACT Act), fair lending, Privacy (Regulation P), Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Flood Disaster Protection Act, Secure and Fair Enforcement Mortgage Licensing Act (SAFE Act), Nondeposit Investment Products (NDIP), Insurance products, Service-members Civil Relief Act (SCRA), Military Lending Act (MLA), Loans to Insider (Regulation O) and State of Alaska requirements.
2. Maintain a strong working knowledge of compliance regulations and regulatory changes, advise management, and make necessary changes to policies or procedures as appropriate. As new regulations or updates to existing regulations are issued, work with applicable departments to ensure compliance.
3. Continually monitor lending operations for adherence with compliance requirements and identify, resolve and document all procedural or regulatory violations which may be noted. Implement effective changes to processes that ensure ongoing compliance.
4. Coordinates the consumer and commercial lending aspects of the compliance management system ensuring proper policies, procedures, risk mitigation activities, and operating controls are followed
5. Regularly review the Company’s compliance policies and procedures to ensure accuracy. As appropriate, submit material updates, new policies or policies needing periodic review or approval to management.
6. Collaborate with various departments to assure compliance involvement in new loan products, service development, and existing products & services review.
7. Work collaboratively with all affiliates and subsidiaries to ensure compliance with regulatory requirements for regulations assigned.
8. Represent the Company and assist in the management of FDIC and state examinations.
9. Provide recommendations to the Compliance Director on the frequency and content of audits conducted for CRA and lending regulations to ensure audits are performed effectively and the interval between audits is appropriate.
10. Partner with Human Resources to ensure appropriate compliance training courses are assigned for bank employees and to monitor effectiveness. Promote professional development and seek specialized training for self and staff. Keep current on industry standards and best practices.
11. Lead operational lending compliance projects, including regulatory evaluation, implementation, and procedure and monitoring development.
12. Assist with the preparation and implementation of the Compliance business operating plan and budget.
13. Be the Company’s official point of contact for lending and CRA regulatory requirements and reporting, including data scrubs and submission of the CRA LAR. Prepares CRA packets in support of Service Hours, Investments & Donations, in order to substantiate CRA qualification.
14. Prepare annual loan compliance risk asssessments.
15. Complete online, written and in-person compliance training within established timeframes.
16. Other duties as assigned.

Supervisory Responsibilities

• Carry out supervisory responsibilities in accordance with the company policies and applicable laws. Responsibilities include scheduling hours, interviewing and training employees; planning, assigning, and directing work; conduct performance evaluation; working with HR to address work related issues.
• Ensure employees complete compliance training within established timeframes; understand and implement compliance requirements applicable to their positions.

Qualifications

Education

• Bachelor’s degree in a related field.

Experience

• Eight years of experience with compliance to include:
  1. Three years of lending compliance experience.
  2. Supervisor experience preferred.
• Equivalent combination of education and/or experience that fulfill the requirements of the position may be considered.
• Related military education/experience may be used as a substitute for education or work experience.

Licenses & Certifications

• Certified Regulatory Compliance Manager (CRCM) or Certified Compliance Manager (CCM) preferred.

Knowledge & Communication Skills

• Thorough knowledge of CRA, Regulation P, Right to Financial Privacy Act, FCRA/ Fair and Accurate Credit Transactions Act (FACT Act) & Regulation V, Equal Credit Opportunity Act (Regulation B), TILA, Regulation O, Regulation H, SCRA, Military Lending Act, RESPA, HMDA, SAFE, Fair Housing Act, Flood, Mortgage Investor Requirements, Nondeposit Product requirements, and Information Security.
• Knowledge of communities served by the bank.
• Understand bank products and services and the associated lending, privacy and information security regulations, and how changes to one will impact the other.
• Must be able to perform basic to intermediate math calculations, including addition, subtraction, multiplication, and division using whole numbers, fractions and decimals.
• Must also be able to calculate ratios and percentage increases and decreases, as well as APR. Must be able to perform affordable housing calculations.
• Excellent verbal and written communication skills to effectively communicate with examiners, directors, management, staff, and members of the community.
• Must understand and have the ability to implement applicable compliance requirements.

Analytical & Decision Making Skills

• Highly developed research analysis skills, particularly with regard to researching and analyzing complex regulations and communicating the information to others. Must be able to understand how regulations are effectively implemented within the Company’s operations.
• Ability to analyze and interpret bank lending and deposit data, economic statistics, demographic information, and other census tract information.
• Excellent project organizational skills and be able to effectively oversee and manage multiple critical issues at one time. Must have strong leadership, crisis management and customer service skills.

Computer/Software/Other Equipment Skills

• Proficient knowledge of MS Office Suite, including Word, Excel, PowerPoint, and Outlook. Ability to operate standard office equipment such as PC, printer, fax/copier, and telephone.
• Ability to utilize and manage complex loan data analysis software, reports and applications is a necessity.
• Internet use and research skills are required daily.
• Knowledge in use of HP12C calculator is useful.

Working Conditions

• The noise level in the work environment is usually moderate.
• Work is performed in a professional office environment.

Full Time, Exempt

Grade 20

Northrim Bank is an equal opportunity and affirmative action employer. Northrim Bank does not discriminate in employment based upon race, color, religion, sex, sexual orientation, gender identity, age, national origin, physical or mental disability, protected veteran status, pregnancy, parenthood, marital status, changes in marital status, genetic information or any other status protected by federal, state or local law.