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Compliance Specialist - HMDA/CRA Data Integrity at Wintrust Financial Corporation

Posted in Insurance 30+ days ago.

Type: Full-Time
Location: Rosemont, Illinois





Job Description:

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

Why join us?


  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years).


  • Competitive pay and discretionary or incentive bonus eligible.


  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.


  • Promote from within culture.


Why join this team?


  • Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL.


  • We foster an inclusive environment for an individual to grow and work independently.


  • Have a direct impact in the recording of the organization’s community lending and donation efforts.


  • Opportunity to interact with management level, experienced professionals- higher visibility.


Position Summary

This position requires experience and knowledge in the HMDA and CRA data collection requirements, including CRA donations, grants, and Community Development loans, reviewing existing business line processes and collaborating on process modifications to accommodate potential technology integrations as well as 1071 data collection requirements. Additionally, review of data will be regularly performed to verify all potential data is collected in adherence with reporting requirements and nothing is inadvertently excluded by keeping abreast of regulatory updates and frequently referencing the rule in the government websites related to HMDA and CRA Small Business.

What You’ll Do


  • Primary responsibility for 2nd line testing of HMDA, CRA Small Business/Farm, Consumer, donations, grants, and Community Development data collection.


  • Perform internal quality control, second review of HMDA, CRA Small Business/Farm, Consumer, donations, grants, and Community Development data.


  • Primary contact for various lines of business to address HMDA, CRA reportability questions.


  • Export and prepare monthly data reports of HMDA and CRA for the Data Integrity team to perform the required sample data review.


  • Prepare and distribute the Quarterly Summary Report (“Compliance Review Recap”) to each Line of Business.


  • Assist in annual submission of HMDA and Small Business data to the regulators and participate in gathering the required information for audits, exams, projects, etc. 


  • Assist in training the Data Integrity staff and Line of Business on compliance regulations   including Rule 1071 and new data systems implementations.


Qualifications


  • 3-5 years of HMDA/CRA Small Business Reporting experience.


  • Proficient in Microsoft Office suite, particularly Excel.


  • Bachelor’s degree preferred.


  • Familiarity and experience in CRA Wiz, Encompass or nCino a plus.


Benefits

Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance

#LI-HYBRID

#LI-VB1

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.





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