[Remote] Flood Risk and Compliance Review Spc

Note: The job is a remote job and is open to candidates in USA. Fulton Bank is committed to making a positive impact in local communities, and they are seeking a Flood Risk and Compliance Review Specialist to ensure compliance with flood-related regulations. The role involves performing pre-closing reviews of flood information for loans, assisting affiliate bank staff with risk management, and coordinating corporate flood risk management programs.

Responsibilities

• Performs an independent pre-closing review of flood related information for commercial and retail loans secured by real estate to ensure compliance with regulatory requirements by verifying flood notices to borrower are provided prior to closing and have been properly executed and dated in accordance with regulatory guidelines. Responsible for verifying the accuracy of the account officers’ completion of the flood worksheet, including the identification of existing liens and all structures to be insured. Responsible for verifying flood insurance coverage on real estate and contents in accordance with regulatory and SBA guidelines. Refers to established guidelines when advising appropriate staff members of potential flood risk. Consulting with manager on complex issues and escalates cases when necessary
• Performs an independent pre-closing compliance review by ensuring compliance with regulatory requirements by reviewing of bank systems and reports prior to loan closing to ensure Commercial Lending staff follow customer due diligence account opening procedures. Reviews bank systems to ensure customer due diligence questions are answered and data properly submitted. Researchs and comparing findings with other available resources. Contacts lending staff as required to verify the accuracy of information submitted. Provides data for management reports. Consulting with manager on complex issues and escalates cases when necessary
• Serves as a resource by assisting all affiliate bank staff relative to the risk management of flood to ensure protection of the bank’s interests in real estate by analyzing all flood related information for properties in a flood zone to identify potential risk of the loan’s collateral value and recommends established course of action to achieve compliance when reviewing unacceptable information. Researchs any discrepancy that surfaces between the flood vendor’s system results and the property owner’s information. Works with insurance carrier as needed to confirm flood insurance coverage. Refers to established guidelines in making recommendations to appropriate staff members when potential flood compliance issues surface that could impact our organization. Responds to account officer and other corporate staff inquires regarding flood and regulations. Responds to inquires from account officer and other corporate staff involving corporate policy and program administration procedure questions
• Assist in the administration and coordination of the corporate flood and risk management programs for Fulton Financial Corporation, its subsidiaries and bank affiliates to ensure compliance with corporate policy and regulatory requirements by assisting department management with internal database and tracking methods used in the preparation of portfolio risk management reports. Monitors and tracks properties identified as being in a flood zone. Verifys ongoing flood insurance coverage is adequate; ensuring multiple policies for multiple structures and content coverage, if applicable. Works with customers and account officers to obtain updated customer due diligence account opening information, as needed. Assists department management with training resources to ensure all corporate staff are advised of flood and BSA risk management program policies and procedures. Acts as a liaison between account officer and vendors or consultants. Performs duties related to the preparation and consolidation of department reports and senior management reports. Data may be collected from various systems and sources both internally and externally and may involve correspondence with other departments and/or external vendors
• Remains up to date and knowledgeable on all flood related regulations including National Flood Insurance Program compliance requirements and maintains working knowledge of emerging federal, state laws and regulations for our corporate footprint. Maintains an understanding of SBA guidelines related to flood requirements. Remains up to date and knowledgeable on all BSA commercial loan account opening regulations

Skills

• High School Diploma or equivalent
• 3 or more years Banking, compliance, insurance, or real estate experience

Benefits

• Medical plans with prescription drug coverage
• Flexible spending account or health savings account depending on the medical plan chosen
• Dental and vision insurance
• Life insurance
• 401(k) program with employer match and Employee Stock Purchase Plan
• Paid time off programs including holiday pay and paid volunteer time
• Disability insurance coverage
• Maternity and parental leave
• Adoption assistance
• Educational assistance
• Robust wellness program with financial incentives

Company Overview

• Fulton Bank strive to have a better understanding of your financial goals, are a full-service commercial bank operating 250 branches. It was founded in 1882, and is headquartered in Lancaster, Pennsylvania, USA, with a workforce of 1001-5000 employees. Its website is https://www.fultonbank.com/.