Loan and Deposit QA Specialist

We are seeking a detail-oriented Loan and Deposit QA Specialist to join our Loan Administration team. Reporting to the Quality Assurance Lead, the Loan and Deposit QA Specialist performs Compliance First Line of Defense reviews in the Loan Administration Department to ensure the bank is accurate and compliant to State and Federal regulations.

RESPONSIBILITIES: 

• Confirms, collects and inputs HMDA and CRA data to ensure it is consistently and accurately gathered and stored as defined by bank policy and procedure.


• Assists in submitting the CRA and HMDA LAR’s.


• Assists in completing compliance reviews to ensure the bank adheres to regulations.


• Performs Adverse Action monitoring elevating issues to leader.


• Administers Flood insurance monitoring to ensure compliance with regulation.


• Adverse Action Letter request and review to ensure compliance with Regulation B.


• Conducts back-up to monitoring of SOX controls.


• Monitors regulatory documentation requirements are fulfilled and uploaded to the imaging system setting exceptions for any missing documentation.


• Presents findings and recommends process changes to improve efficiency and accuracy.


• Assist in writing of procedures and job aids.


• Other duties as assigned.

 QUALIFICATIONS:

• 3-5 years of Commercial and Consumer loan processing, documentation and compliance experience


• Loan compliance software experience preferred (Nlending)


• Strong oral and written communication skills


• High attention to detail and in-depth knowledge of rules, regulations and policies relating to loan documentation


• Bachelor’s degree preferred

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us? 

COMPENSATION & BENEFITS:

The typical hourly base pay range for this role is between $27.70/hr. - $30.90/hr. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)


• Basic term and optional term life insurance


• Short-term and long-term disability


• Parental leave


• 401(k) with employer match


• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position.  It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Non-Exempt