Lending Compliance Officer

Amalgamated Bank is seeking a Lending Compliance Officer to ensure Amalgamated Bank’s lending products and loan servicing operations maintain compliance with federal and applicable state regulations, including most significantly compliance with lending laws at a state and federal level.

Essential Job Functions:

1. Inform and advise management and support teams of all key developments relative to lending-related consumer protection regulations and determine the impact of those developments to the Bank and its operations.
2. Ensure existing and proposed lending-related business practices, policies, procedures, software systems, documents and disclosures comply with federal and state regulations.
3. Serve as subject matter expert for residential, commercial, small business, consumer lending and loan servicing. Support all lending areas, products and services to assure compliance with HMDA, UDAAP, TRID-RESPA, TILA, MLA, FCRA, SCRA, ECOA, HPA, FDPA, NYS DFS Rule 76, and other relevant regulations.
4. Maintain and enhance written Lending Program, based on collaboration with lines of business to understand new products and services or changes in underwriting, pricing, policies, procedures, systems, and controls. Assisting in the administration, maintenance and improvement of compliance policies, procedures, and processes.
5. Conduct independent monitoring of policies, procedures, practices and processes of first line of defense to ensure adherence with federal and state regulations related to general lending practices.
6. Influencing first line of defense on key compliance risk and their mitigation.
7. Advising, evaluating, projects, new initiatives, business objectives, risk events, controls, and monitoring.
8. Prepare periodic reports or dashboards for presentation to executive leadership, the Compliance Committee and the Board concerning the Bank’s lending compliance program.
9. Conduct instructor-led training and sessions for new and existing employees.
10. Coordinate regulatory changes within affected lines of business and ensure that changes and controls are implemented to facilitate lending compliance.
11. Serve as a resource and be available to answer general compliance questions from employees and lines of businesses.
12. Assist business units with analysis of compliance risks associated with new and existing consumer, commercial, and small-business loan products, and services.
13. Update the monitoring procedures as necessary to align with regulatory changes, and new or enhanced bank products and services.
14. Provide independent advice, challenge and control to the business’ compliance risk taking.
15. Review Advertising, Marketing, and diligence related questionnaires materials on behalf of lending compliance.
16. Conduct ongoing lending-related compliance testing, risk assessments, and training.
17. Structured, rigorous, analytical, holistic, and thorough in your approach of sound judgement and common sense, with the ability to form defensible conclusions from risk assessments and the ability to “stand your ground” where necessary.
18. Conduct lending reviews and serve as the primary Bank liaison to coordinate lending related audits and examinations. Monitoring and tracking corrective actions on regulatory and audit lending/fair lending issues to final resolution.
19. Review and resolve lending related complaints.
20. Collaborate closely with the Bank’s Fair Lending Officer and Fair and Responsible Banking unit relating to fair lending/Regulation B concerns.
21. On an as-needed basis, perform research on regulatory issues that is thorough, accurate and timely. Communicate the results to management as applicable.
22. Lead/support special projects as necessary.
23. Execute on the Compliance Management System and ensure adherence on an ongoing basis.

Knowledge, Skills and Experience Requirements:

1. Bachelor’s degree or equivalent experience preferred
2. Minimum 4 years regulatory compliance experience; 4 year lending experience within banking or financial services
3. CRCM designation or similar designation preferred
4. Strong background and knowledge of consumer protection laws and regulations with expertise in residential and commercial lending and UDAAP
5. Experience with consumer compliance regulatory examinations
6. Proficient computer skills including Word, Excel, PowerPoint, and Outlook
7. Ability to articulate views, assessments, and approaches both verbally and in writing precisely, concisely, and persuasively.
8. Capacity to calmly manage conflicting priorities and pressure in a demanding, high-paced, and high-volume environment.
9. Dedication to fostering an inclusive culture and value diverse perspectives.
10. Strong verbal/written communication and interpersonal skills
11. Strong analytical skills to resolve issues and discrepancies
12. Strong project management and organizational skills

Our job titles may span more than one career level. The starting base salary for this role is $65,000.00 - $85,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.