Value Proposition
Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.
Overview (Text Only)
The primary responsibility of this position is to have management oversight of consumer, residential, leasing collections, loss mitigation, foreclosure, floor plan audit and Other Real Estate functions for Fulton Bank. The incumbent in this position will create and communicate strategies and tactics for the department in its duties, including collection and workout activities and will apply and ensure adherence to all regulatory and legal requirements.
Responsibilities
- Ensures effective and efficient operation of the Consumer Special Assets focus. Maintains oversight of function managers and their responsibilities for the collection of and workout arrangement for consumer and residential mortgage loans, including foreclosure, repossession and liquidation of assets in order to minimize financial loss for the bank.
- Establishes goals, objectives and measurement methods for the various functions under Special Assets.
- Oversees functions' creation, design, enhancement and monitoring of proprietary databases used for workflows including underwriting and tracking loan modification applications, collection and foreclosure activity, bankruptcy notification, Other Real Estate reporting and Dealer Floor Plan auditing and reporting.
- Makes recommendations for department managers and direct report employees regarding employment, performance ratings, salary changes, promotions, transfers and terminations.
- Prepares an annual budget and ensures that the department operates within its limitations.
- Oversees department's development, enhancement and monitoring processes to ensure compliance with regulatory, servicing and legal requirements including federal bank regulations such as Regulation X, Regulation B, Fair Lending, Community Reinvestment Act, Real Estate Settlement Procedures Act, Truth in Lending, Flood Disaster Protection Act, Unfair Deceptive or Abusive Act or Practice Compliance and Bank Secrecy Act. This also includes state laws related to collections, foreclosure and judgments, as well as Government Sponsored Enterprise requirements for serviced Fannie, Freddie and Federal Home Loan Bank Mortgage Loans.
- Develops, reviews and recommends operating policies and procedures. Oversees the proper implementation and maintenance of approved changes.
- Meets with bank examiners, auditors and management teams to discuss findings and necessary improvements.
- Serves as a member of Fulton Financial Corporation Asset Quality Review Committee, Fulton Financial Corporation Credit Risk Management Committee, Fulton Financial Corporation Fair Lending Committee. Various Task Forces associated with loan products or services.
Qualifications
Education
Bachelor Degree or the equivalent experience. Specialty: Relevant degree pertaining to the essential duties of this role. (Required)
Experience
10 or more years management in consumer collections and residential default management. (Required)
This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.
Sponsorship Statement
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.
EEO Statement
Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.