CLO Regulatory Review Specialist

Bancorpsouth Tupelo , MS 38804

Posted 6 days ago

There are many things to consider when deciding on your next employer. Do you want a job where you earn a paycheck? Or do you want a CAREER with a company that values their employees as well as the communities that they are in? At BancorpSouth we are more than just a work place. We are a company that prides itself on values and the people that we employ. Start your search for a career with BancorpSouth.

Position Title: CLO Regulatory Review Specialist

Physical Location: 2778 West Jackson Street, Bldg C, Tupelo MS 38803

Reports To: Loan Operations Supervisor

Working Conditions: Normal, no adverse or hazardous conditions

Job Group Category: Non-Exempt

Work Hours: Monday Friday, 8:00 am 5:00 pm (Overtime as Needed)

Primary Purpose:

To review all commercial purpose loans and ensure that they proper reporting if any terms, conditions, or collateral results in the loan falling under any regulations such as HMDA.

Principal Duties and Responsibilities:

  • Review all loan applications (requests for credit) prior to closing/taking action for compliance with applicable Federal Regulations

  • Assist lenders with understanding the issues that are identified in loan notebooks prior to closing and guide them to the correct sources of information to obtain a solution that eliminates the compliance issue

  • Maintain knowledge of applicable Federal Regulations and assist in the implementation of corporate compliance with current regulations, changes in regulations, and the addition of new regulations

  • Able to research regulatory questions that occur outside of the normal realm of day to day loan transactions

  • Bridge relationship between lending staff, regional loan coordinators, compliance staff, and central loan operations to achieve consensus on issue resolution

  • Understand practical application of BancorpSouth lending policies and procedures

  • Master loan platform with a skill set that exceeds that of a standard end user

  • Develop policies and procedures as they relate to pre-closing compliance review

  • Perform peer reviews of actions taken on loans reviewed to create standards and consistency among department members

  • Obtain applicable Regulatory certifications as deemed applicable to job duties

  • Provide support and training for the lending staff and central loan operations that must understand Federal regulations

  • Other duties as assigned

Job Specifications:

  • High school diploma or equivalent

  • Two - Four years of loan preparation and processing experience

  • Knowledge of state and federal lending regulations preferred

  • Good computer skills (Microsoft Word, Microsoft Excel)

  • Close attention to detail and good organizational skills

  • Ability to work under tight deadlines

Disclaimer

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, disability, veteran status, genetic information or any other status protected under applicable local, state or federal nondiscrimination laws.


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CLO Regulatory Review Specialist

Bancorpsouth