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Compliance Analyst - 1071 Data Integrity at Wintrust Financial Corporation

Posted in Management 11 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 10 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

The Compliance Analyst-Data Integrity will be immersed in the execution of the new regulatory requirements contained within Dodd Frank 1071 (1071). The team member will be responsible for learning, comprehending, and partnering with various lines of business to implement business process changes necessary to adhere to regulatory requirements related to the upcoming 1071 rules as well as existing Home Mortgage Disclosure Act (HMDA) and data collection within the Community Reinvestment Act (CRA).

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


  • Responsible for learning and comprehending the proposed and final 1071 requirements, reviewing existing business line processes, and collaborating on process modifications to accommodate 1071 data collection requirements.


  • Upon implementation of the requirements, the position will maintain subject matter expertise in the rule while reviewing data collection practices and collected data for technical compliance with the 1071 requirements.


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


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


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


  • 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. 


Qualifications


  • 0-3 years of HMDA/CRA Small Business Reporting experience


  • Bachelor’s degree preferred


  • Proficient in Microsoft Office suite, particularly Excel


  • 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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