At Third Federal, named for five years in a row as “One of the Best Companies to Work For" in America by Fortune magazine, we look for associates who can help us fulfill our mission to help customers achieve the American dream of home ownership and financial security and provide value to our customers and our communities. We take a genuine interest in each of our associates – from their professional development to their health and wellness. We offer a pleasant customer service oriented work environment, competitive salary, comprehensive benefits package and career growth opportunities.

At Third Federal, you will find strength and stability in your career. Nearly 15 percent of our associates have been with the company for 25 years or more and, in the more than 80 year history of our company, we have never had layoffs. 

Job Summary: Third Federal Savings has an opportunity for a qualified candidate as a Regulatory Compliance Specialist, focusing on consumer mortgage loan origination. This position is responsible for the evaluation of bank regulatory consumer compliance systems within the Association; the review and evaluation of compliance internal controls; communication of identified issues and necessary changes to ensure compliance, and making recommendations for systemic changes to ensure proper controls and regulatory compliance.

Responsibilities:

• Assist in maintaining the Compliance Management Program for the Association, focusing on consumer mortgage loan origination


• Maintain, oversee and enhance the loan origination self-assessment program by collaborating with business partners to create meaningful testing guidelines, establishing a testing calendar, validating testing and results, identifying corrective action and/or training needs, and summarizing/reporting on the program and results


• Research and analyze new, or changes to, federal banking consumer laws and regulations relating to the Association's consumer compliance activities with a primary focus on the loan origination aspects of Truth-In-Lending (Regulation Z), Real Estate Settlement Procedures Act (Regulation X), and Fair Credit Reporting Act (Regulation V)


• Contribute to the annual risk-assessment by analyzing inherent risk and mitigating factors within the loan production and loan operating systems departments to arrive at residual risk which then influences the self-assessment program


• Advise and consult with operational departments on regulatory changes and collaborate to develop adequate controls and procedures


• Assist in updating consumer compliance-related policies and procedures, as needed


• Collaborate with business units in a team environment to identify and address compliance concerns, questions, new vendors, and projects


• Contribute to periodic risk reporting by identifying current top risks and summarizing impact to the organization


• Perform additional duties as required

Requirements:

• Bachelor’s degree required in business or related field


• Minimum 5 years of experience working in Regulatory Compliance dealing with residential mortgage lending, with specific knowledge of mortgage loan origination process and regulations


• Knowledge of bank regulatory consumer protection laws and regulations, including applicable OCC and CFPB regulations


• Strong interpersonal and communication skills


• Excellent problem solving and analytical skills, including the ability to develop creative solutions to complex regulatory problems with minimal impact to operations


• Ability to work in a team environment


• Must be highly organized, detail oriented, and self-motivated


• Proven ability to work on multiple projects providing actionable solutions


• Ability to apply laws and regulations to business situations


• Computer proficient (e.g. Microsoft Office, Word, Excel, PowerPoint)


• Prior audit experience a plus

Third Federal is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, national origin, gender identification or sexual orientation, disability, protected veteran status or any other classification protected under law.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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