Compliance Officer-Lending
Not Disclosed•Full-TimeOn-site
location_on761, West 4th Street, Bunker Hill, Downtown, Los Angeles, Los Angeles County, California, 90071, United States
About the Opportunity
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs, and that legacy of integrity, community, and unparalleled client relationships continues today. As a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies, we strive to go further than the competition to help our clients, colleagues, and communities flourish.
About the Role
As a Compliance Officer-Lending, you will serve as a subject matter expert responsible for overseeing and maintaining assigned areas of our compliance program covering consumer lending. Your mission is to ensure business areas adhere to applicable laws and regulations while implementing controls that effectively mitigate compliance risk.
In this role, you will apply a risk-based approach to remediation strategies, monitoring issues to ensure they are closed in a manner that satisfies regulatory requirements while assisting business units in implementing necessary corrective actions. You will analyze new and changing consumer laws, disseminate critical information to business areas, and assist in updating compliance policies, procedures, and training materials. Your day-to-day involves reviewing marketing materials for products such as credit cards, mortgages, and consumer lending to ensure they meet regulatory standards, conducting independent loan-level account reviews, and serving as a liaison with regulators during examinations.
Hiring Process
Applications are accepted on an ongoing basis until the position is filled. Please note that unless otherwise indicated as fully remote, reporting to a designated City National location is an essential function of the job.
Culture and Inclusion
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other basis protected by law.
Note: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Work location
Work model: On-site
761, West 4th Street, Bunker Hill, Downtown, Los Angeles, Los Angeles County, California, 90071, United States
Los Angeles, California
Key Responsibilities
- check_circleServe as a compliance subject matter expert for assigned lending areas
- check_circleAnalyze new consumer laws and disseminate information for implementation
- check_circleUpdate consumer compliance policies, procedures, and training materials
- check_circleReview and challenge compliance testing programs and related processes
- check_circleConduct independent compliance reviews on specific loan-level accounts
- check_circleReview marketing materials to ensure regulatory and business standard compliance
- check_circleConduct and document reviews while addressing findings with employees
- check_circleDraft and maintain employee training for assigned topic areas
- check_circleMaintain and report compliance testing or monitoring results for business units
- check_circle
Requirements
- verifiedBachelor's Degree or equivalent
- verifiedMinimum 7 years of compliance or regulatory reporting in the consumer lending space
- verifiedMinimum 5 years' combined experience in consumer lending space or retail banking compliance or working in a legal department
- verifiedMinimum 3 years' experience with managing projects or processes
- verifiedAdvanced knowledge of banking and consumer compliance laws and regulations (e.g., ECOA/Regulation B, FCRA, RESPA, TILA, TRID)
- verifiedExperience communicating and interacting with regulatory agencies
Nice to Have
College degree (relevant, equivalent work experience may be substituted). Experience with consumer credit cards and/or reviewing marketing materials. Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation.
Benefits & Perks
check_circleComprehensive healthcare coverage including Medical, Dental, and Vision planscheck_circleGenerous 401(k) company matching contributioncheck_circleTuition Reimbursement and internal upskilling and training resourcescheck_circleVacation, sick, and volunteer time benefitsSpecialized health and family planning benefits including fertility benefits
Similar Job Opportunities
Skills, education and keywords
Skills: Ecoa, Regulation B, Fcra, Flood Disaster Protection Act, Mla, Scra, Respa, Tila, Trid, Bank Secrecy Act.
Education: Bachelor's Degree or equivalent.
Frequently asked questions about Compliance Officer-Lending at City National Bank
What does a Compliance Officer-Lending at City National Bank do?expand_more
A Compliance Officer-Lending at City National Bank is responsible for the following: Serve as a compliance subject matter expert for assigned lending areas; Analyze new consumer laws and disseminate information for implementation; Update consumer compliance policies, procedures, and training materials; and Review and challenge compliance testing programs and related processes.
What are the requirements for this Compliance Officer-Lending role?expand_more
To qualify for the Compliance Officer-Lending at City National Bank position, applicants should have: Bachelor's Degree or equivalent; Minimum 7 years of compliance or regulatory reporting in the consumer lending space; Minimum 5 years' combined experience in consumer lending space or retail banking compliance or working in a legal department; Minimum 3 years' experience with managing projects or processes; Advanced knowledge of banking and consumer compliance laws and regulations (e.g., ECOA/Regulation B, FCRA, RESPA, TILA, TRID); and Experience communicating and interacting with regulatory agencies.
Where is the Compliance Officer-Lending role at City National Bank located?expand_more
Compliance Officer-Lending at City National Bank is based in 761, West 4th Street, Bunker Hill, Downtown, Los Angeles, Los Angeles County, California, 90071, United States. This is a on-site role.
Is this Compliance Officer-Lending job remote, hybrid, or on-site?expand_more
City National Bank has listed this Compliance Officer-Lending role as on-site.
How much experience is required for this Compliance Officer-Lending role?expand_more
Compliance Officer-Lending at City National Bank typically requires 7+ years of relevant experience at the senior level.
What skills do you need for the Compliance Officer-Lending role at City National Bank?expand_more
Key skills for Compliance Officer-Lending at City National Bank include Ecoa; Regulation B; Fcra; Flood Disaster Protection Act; Mla; Scra; Respa; and Tila.
What education is required for Compliance Officer-Lending at City National Bank?expand_more
Educational requirements for this role: Bachelor's Degree or equivalent.
What category does the Compliance Officer-Lending role belong to?expand_more
Compliance Officer-Lending at City National Bank is part of the accounting & finance job category on Recrutus.