Loan Policy Management Specialist
US-PA-Lancaster
Careers
Req #: 22262
Type: Full-Time
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Overview: This is a full-time, hybrid career opportunity based out of our Corporate Headquarters location in Lancaster, PA. The Specialist - Loan Policy Management is responsible for the development, implementation, maintenance, and oversight of the organization's loan policies and procedures. This role ensures that lending activities are conducted in a safe and sound manner, adhering to regulatory requirements and aligning with the organization's risk appetite and strategic objectives, and will collaborate with various stakeholders, including lending teams, compliance, legal, and senior leadership. Responsibilities: * Develop, implement, and regularly review loan policies and procedures covering all lending areas (e.g., consumer, commercial, real estate, etc.). Ensure policies are comprehensive, clearly written, and address all relevant risk factors. Maintain an up-to-date policy manual. * Stay abreast of current and evolving lending regulations (e.g., Reg B, Reg Z, HMDA, etc.) and incorporate necessary changes into loan policies and procedures to ensure compliance. Collaborate with the Compliance department on regulatory exams and audits. * Conduct periodic risk assessments of the loan portfolio and identify potential areas of weakness. Develop and implement strategies to mitigate identified risks through policy adjustments and process improvements. * Develop and deliver training programs to lending staff on loan policies, procedures, and regulatory requirements. Communicate policy changes and updates effectively to all relevant stakeholders. * Establish and maintain a loan review process to assess loan quality and adherence to policies. Monitor key loan portfolio metrics and identify trends that may indicate emerging risks. Report findings to senior leadership. * Work closely with lending teams, credit administration, legal, and compliance to ensure alignment on lending practices and risk management strategies. Participate in loan committees and other relevant meetings. * Research and stay informed about industry best practices in loan policy and risk management. Recommend and implement changes to policies and procedures to incorporate best practices. * Prepare regular reports on loan portfolio performance, policy compliance, and risk trends for senior leadership and the board of directors. * Participate in special projects related to lending, risk management, and strategic initiatives. Qualifications: Education Bachelor's Degree or the equivalent experience. Specialty: finance, business administration, economics, or a related field. (Required) Experience 7 or more years banking and/or finance regulatory and risk management experience. (Required) 5 or more years commercial and retail loan experience. (Required) 1 or more years of presentation experience. (Required) 5 or more years Commercial and retail lending experience. (Preferred) 2 or more years compliance and/or audit experience. (Preferred)
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