What are the responsibilities and job description for the Lending Compliance Analyst position at Massachusetts Institute of Technology?
Posting Description
LENDING COMPLIANCE ANALYST, Credit Union, will support, implement, and monitor the end-to-end internal compliance audit monitoring program for the Consumer and Lending departments to ensure regulatory reporting and documentation requirements are met; monitor all credit-related regulatory compliance policies and procedures, risk assessments, and monitoring of new credit-related laws and regulations; serve as a resource on applicable regulations, including newly issued rules and regulations, and communicate guidance consistently and timely to business unit; and provide recommendations and guidance to lending departments to ensure new and existing compliance and risk operating policies and procedures are executable by their respective teams and maintains a high-quality experience for members.
Job Requirements
REQUIRED : Bachelor's degree in a related field; a minimum of two years of relevant experience; complies with all policies and procedures of MIT and MIT Federal Credit Union; displays professional behavior, attitude, appearance and dress; projects a positive image for Credit Union; more progressively responsible work experience within the mortgage and consumer lending functions of a financial institution where the incumbent has gained an in-depth working knowledge of the following lending regulations: Equal Credit Opportunity Act (RegB); Truth in Lending Act (Reg Z) and Real Estate Settlement Procedures Act (Reg X), together known as “TILA/RESPA” or “TRID;” Home Mortgage Disclosure Act (Reg C); Fair Credit Reporting Act (FCRA); Flood Insurance Regulation; Fair Lending Act; Fair HousingAct; State Banking lending laws, Fannie Mae/Freddie Mac/FHA/VA guidelines and the loan process, from underwriting through servicing; and robust analytical, communication, interpersonal, organizational and presentation skills. PREFERRED : Knowledge of applicable federal; mortgage banking courses; and state laws and lending experience. Job #24897-7
4/3/2025
LENDING COMPLIANCE ANALYST, Credit Union, will support, implement, and monitor the end-to-end internal compliance audit monitoring program for the Consumer and Lending departments to ensure regulatory reporting and documentation requirements are met; monitor all credit-related regulatory compliance policies and procedures, risk assessments, and monitoring of new credit-related laws and regulations; serve as a resource on applicable regulations, including newly issued rules and regulations, and communicate guidance consistently and timely to business unit; and provide recommendations and guidance to lending departments to ensure new and existing compliance and risk operating policies and procedures are executable by their respective teams and maintains a high-quality experience for members.
Job Requirements
REQUIRED : Bachelor's degree in a related field; a minimum of two years of relevant experience; complies with all policies and procedures of MIT and MIT Federal Credit Union; displays professional behavior, attitude, appearance and dress; projects a positive image for Credit Union; more progressively responsible work experience within the mortgage and consumer lending functions of a financial institution where the incumbent has gained an in-depth working knowledge of the following lending regulations: Equal Credit Opportunity Act (RegB); Truth in Lending Act (Reg Z) and Real Estate Settlement Procedures Act (Reg X), together known as “TILA/RESPA” or “TRID;” Home Mortgage Disclosure Act (Reg C); Fair Credit Reporting Act (FCRA); Flood Insurance Regulation; Fair Lending Act; Fair HousingAct; State Banking lending laws, Fannie Mae/Freddie Mac/FHA/VA guidelines and the loan process, from underwriting through servicing; and robust analytical, communication, interpersonal, organizational and presentation skills. PREFERRED : Knowledge of applicable federal; mortgage banking courses; and state laws and lending experience. Job #24897-7
4/3/2025
