What are the responsibilities and job description for the Compliance Manager position at The Housing Fund?
Organizational Background:
The Housing Fund (THF) is a private, 501(c)(3) organization established to finance affordable housing and neighborhood revitalization projects throughout Middle Tennessee, including Montgomery County. Since its incorporation in 1996, THF has assisted over 4,400 first time homebuyers receive over $37 million in down payment assistance loans, as well as providing more than $89 million in financing to assist individuals and organizations purchase, rehabilitate, or construct homes for low- and moderate- income families.
Position Summary:
The Compliance Manager supports and advances The Housing Fund’s mission by reviewing the lending activities of the organization for compliance with local, state, and federal laws, including underwriting and file documentation. Recommendations for Policy changes will be presented by the Compliance Manager. The information and data obtained by the Compliance Manager is used in the results-based accountability framework to establish outcome measures and to positively impact both lending and reporting. This position is focused on reporting and review of all lending and grant programs. The Compliance Manager is a member of the leadership team and a senior role in the organization, reporting directly to the Chief Operating Manager.
Position Responsibilities and Duties:
Key Responsibilities
As a Compliance Manager, the primary responsibilities include developing and overseeing control systems to prevent or deal with violations of legal guidelines and internal policies. This role also involves evaluating the efficiency of controls and improving them continuously. The Compliance Manager must:
1. Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues.
2. Set plans to manage a crisis or compliance violation and lead the response to compliance incidents, including detailed investigations and reporting.
3. Assess the business’s future ventures to identify possible compliance risks.
4. Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control.
5. Prepare reports for senior management and external organizations as appropriate.
Key Tasks and Duties
The daily tasks of a Compliance Manager involve several strategic and operational responsibilities. These include:
1. In partnership with the Chief Operating Manager, developing and implementing an effective legal compliance program.
2. Creating sound internal controls and monitoring adherence to them.
3. Documenting policy and compliance activities.
4. Facilitating employee training sessions on legal and compliance issues.
5. Advising the management on the company’s compliance with laws and regulations through detailed reports.
A. Availability:
Full time, salaried
Job Requirements:
Physical Requirements – Sedentary work is exerting up to 25 pounds of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push or pull, or otherwise move objects.
Physical Activity – Fingering is picking, pinching, typing, or otherwise working, primarily with fingers rather than with the whole hand or arm as in handling. Talking is expressing or exchanging ideas by means of the spoken word. Hearing is the ability to receive detailed information, through oral communication.
Visual Acuity – Work utilizes computer terminal and verification for accuracy of written material.
Qualifications:
Bachelor’s degree required and/or three to five years of experience in a nonprofit lending organization, real estate lending organization, or related field or comparable combination of education and experience. Experience in coordination and management of diverse projects; complete understanding of relevant lending laws to ensure compliance with origination, closing, and loan servicing. Demonstrated skills in Excel and other data analytics. Expertise in group facilitation skills, focus groups, and market segmentation.
An effective Compliance Manager should showcase skills in legal compliance, analysis, understanding of policies, and effective communication. This expertise helps ensure the organization navigates the complex regulatory environment effectively while maintaining operational efficiency and ethical standards.
Ability to develop information and raw data into meaningful conclusions. Ability to recognize common factors and trends. Strong organizational, project, and time management skills.
Ability to meet established deadlines.
Demonstrate excellent verbal and written communication skills to multiple audiences. Excellent organizational skills and ability to multi-task. Ability to make timely decisions and operate effectively under pressure. Ability to make presentations to large and small audiences.
Working knowledge of computers and experience in basic clerical skills and strong computer skills, especially Word and Excel; PowerPoint; exposure to database management, data querying and reporting. Demonstrate competence with basic computer software and databases. Ability to perform mathematical calculations to balance reports.
Ability to organize, coordinate, and direct program activities; ability to communicate effectively with co-workers, volunteers, donors, agencies, and the general public. Passionate motivation for improving lives.
Working Conditions:
The worker is not substantially exposed to adverse environmental conditions. Must be able to work under stressful situations and time constraints.
Employment Classification:
Full-Time; Professional Exemption; Salaried
Job Relationships:
Reports to: Chief Operating Manager; participate on Leadership Team