Commercial Lending Compliance & Audit Review Specialist

This position is responsible to ensure commercial lending compliance with various banking regulations and coordinate commercial lending audits. Prepare internal reports reflecting the results of the work performed for management review with the focus on FDICIA, loan administration, loan servicing and compliance.

ESSENTIAL FUNCTIONS

• Review all loans originated monthly for the following:
  • Review boarding summary for accurate Note type and Collateral Codes
  • Review FHLB pledgeability for accuracy
  • Confirm HMDA classification is correct and confirm # of units, Initial LTV values & ratio
  • Confirm compliance with Reg B and Reg Z
  • Review and gather information needed for Community Development loans
  • Confirm CRA information is correct
• Review CRA monthly reports
• Upload CRA, HMDA & Community Development loans to LAR
• Keep all compliance procedures current
• Provide support, as needed, for Bank employees on compliance-related matters
• Review and sign off on all flood documentation and reconcile monthly reports
• Monitor adverse action pipelines
• Review of modifications/refinancings to ensure compliance with CECL reporting requirements
• Coordinate all commercial lending audits
• Responsible for the initial determination of audit issues, analyzing the root cause, and making practical recommendations for improving operations
• Serves as a liaison for commercial lending departments, compliance and internal and external auditors on various projects relating to all areas within loan operations
• Confirm OFAC verifications and Beneficial Ownership for all Borrowers & Guarantors
• Ensure all loan files scanned to DocMan and loan closing memo if applicable
• Ensure original documentation is filed in fireproof
• Verify risk rating on FIS against loan approval
• Subject matter expert in compliance
• Schedule compliance training’s
• Other duties as assigned

JOB QUALIFICATIONS

• Minimum of two years of lending experience, preferable within a Commercial Bank

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).