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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)
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
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
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.