wyoming community development authority · web viewproject management skills ability to communicate...
TRANSCRIPT
Wyoming Community Development AuthorityJob Description
JOB TITLE: Director of Legal/Compliance PAY GRADE: 11DEPARTMENT: Executive FLSA STATUS: ExemptREPORTS TO: Executive Director REVISED: May 2016SUPERVISORY: Loan Compliance Specialist/Admin Support
Overall Job Purpose: In house counsel will focus primarily on legal and regulatory compliance for the Authority, including contract management, review and draft forms and other legal documents relating to WCDA programs and services. This position as Director of Legal/Compliance, is responsible for assigned functions in developing, implementing and maintaining the Authority’s compliance program, which includes compliance with legal, regulatory, and internal requirements; quality assurance; collaboration with risk management; and assigned operational functions including business continuity, disaster recovery, records retention, and coordination with local, state and federal government agencies.
WCDA VALUESAccountability:Takes full responsibility for own actions; Trustworthy; Follows up personally and monitors progress to ensure that things stay on track; Holds self and others accountable for keeping commitments; Exhibits attention to detail
Communication:Ensures that information and ideas are flowing in all appropriate directions; Shares information appropriately and openly; Is accessible and receptive to both good and bad news; Conveys information in a clear manner; ensures that others understand; Asks for input, listens actively and makes sure others’ opinions are heard; Maintains composure and exhibits humility when expressing opinions and ideas
Initiative and Creativity:Plans work and carries out tasks; Makes constructive suggestions; prepares for problems or opportunities in advance; Undertakes additional responsibilities; Responds to situations as they arise with minimal supervision; Creates novel solutions to problems; Evaluates new technology as potential solutions to existing problems
Judgment:Makes sound decisions; Bases decisions on fact rather than emotions; Analyzes problems skillfully; Uses logic to reach solutions
Cooperation/Teamwork:Works harmoniously with others to get a job done; Responds positively to instructions and procedures; Able to work well with staff, co-workers, peers, and managers; Shares critical information with everyone involved in a project; Works effectively on projects that cross functional lines; Helps to set a tone of cooperation within the department and across other departments; Coordinates own work with others and seeks opinions; Values working relationships; When appropriate-facilitates discussion before decision-making process is complete; Responds to phone/email questions promptly
Quality of Work:Maintains high standards despite pressing deadlines; Does work right the first time; Corrects own errors; Regularly produces accurate, thorough and professional work
Reliability:Personally responsible; Completes work in timely, consistent manner; Works hours necessary to complete assigned work; Is regularly present and punctual; Arrives prepared for work; Is committed to doing the best job possible; Keeps commitments
Commitment to Safety:Understands, encourages, complies with, and carries out safety policies and procedures of the Authority; Takes personal responsibility for safety
Support of Diversity:Treats all people with respect; Values diverse perspectives; Provides supportive work environment for all workforceSupports WCDA’s philosophy of EEO; Treats others fairly; Recognizes differences as opportunities to learn and gain by working together; Values and encourages unique skills and talents; Seeks and considers diverse perspectives and ideas
Leadership:Acts as a mentor and empowers others to do their best work; Identifies opportunities to make needed changes; acts as a catalyst; Uses persuasion and influence to connect others; Helps others keep on track; Gives honest and helpful feedback, supports the success of others; Celebrates success
and gives credit to others
KNOWLEDGE/SKILLS/ABILITIESExtensive knowledge, skills, and background in legal functions, contract review, and bond and loan document review
Strong knowledge and familiarity with real estate and mortgage lending laws and regulations to ensure proper compliance and oversight of business processes
Knowledge of the Authority program rules, policies and procedures
Knowledge of IRS federal regulations related to bond program loans
Knowledge and understanding of Conventional, Federal Housing Association (FHA), Department of Veterans Affairs (VA), and USDA Rural Development (RD) loan requirements
Knowledge and understanding of Fannie Mae (FNMA) and FHA Quality Control requirements
Knowledge of federal and state laws and regulations relating to records management/retention
Knowledge of emergency preparedness, business continuity and disaster recovery procedures, practices, and regulations
Ability to recognize potential problems and apply general rules to identify potential root causes and produce solutions
Strong and ethical decision making skills
Strong analytical, research, observational and critical thinking skills
Ability to perform basic cost-benefit analysis—considering relative costs and benefits of potential actions to choose the most appropriate outcome for the Authority
Proven ability to translate Authority strategic initiatives, mission, vision and values into compliance department goals and objectives
Proven problem solving skills, initiative and judgment
Ability to effectively supervise/train/mentor team members
Effective leadership skills
Flexible and open to change in a high volume fast paced environment
Ability to work discreetly with confidential information
Project management skills
Ability to communicate effectively, both verbally and in writing, with all levels of management and staff internally and externally
Able to multi-task and possess strong organizational skills
Must be detail oriented and strive for accuracy
Ability to work independently and as part of a team
Ability to work with Microsoft Office Suite with knowledge of Excel and Word at the intermediate level
Page 2Director of Legal/Compliance— Job Description
IMPACT AND ACCOUNTABILITYLEGALResponsible for the management of the legal functions of the Authority
Work with Executive Team providing insight and assistance with the implementation of strategic initiatives and maintaining strong interdepartmental working relationships
Lead the development and implementation of legal matters that support the Authority mission, vision, strategic objectives and core values
Negotiate, review and/or prepare contracts, RFPs, bond and loan documents for legal accuracy
Approve contractual agreements as to form and substance
Develop and approve forms, contracts and other documents necessary for the Authority’s business
COMPLIANCEResponsible for independently designing and implementing compliance programs to address applicable laws, regulations, policies and procedures
Develops, implements and maintains the loan quality assurance program
Create, monitor and maintain Authority-wide compliance calendar
In coordination with all departments, provide oversight for implementation of new laws regulations, policies and procedures
Keeps Authority department personnel informed of legal, regulatory, and internal requirements
Remain current on emerging regulatory issues impacting the HFA and mortgage industry
Maintain Authority-wide audit findings, monitor for potential regulatory violations, and report to board/management
Ensure audit findings are resolved in a timely fashion
Assist with regulatory exams and work with department heads to comply with request letters as needed
Ensure regulatory audits and exams are presented to the Board of Directors
Review contracts—forward to outside counsel, if necessary
Directs internal compliance reviews
Develops compliance review plans and conducts departmental compliance reviews
Provides, where appropriate, statistics regarding performance against quality assurance and compliance goals
Prepares reports for management
Assists with responses to new laws, regulations, policies or Authority programs specifically as they relate to quality assurance, business continuity, and disaster recovery
Develops and maintains compliance tools, such as policies, procedures, manuals, checklists, processes and suspense systems
Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing professional networks, benchmarking best practices, and participating in professional societies
Performs other compliance and quality assurance duties, as assigned
Ensure existing risk management plans are incorporated into existing and/or new legal and compliance policies and procedures
RELATIONSHIP RESPONSIBILITYLEGALAdvise the Board of Directors and management team in all legal matters relating to the administration and operation of the
Page 3Director of Legal/Compliance— Job Description
Authority and all its programs
Render briefs/opinions on specific legal matters relating to the Authority and perform other legal services as assigned by the Executive Director
Oversee and collaborate with legal services of external counsel, including bond counsel, as needed
COMPLIANCEExtensive interaction with Authority personnel and third parties, including local, state, and federal government agencies
Receive/research/resolve board and employee questions about compliance and regulations
Review legal advertisements for the Authority to ensure compliance with appropriate regulations
In coordination with all Authority departments, provides oversight for implementation of new laws regulations, policies and procedures stemming from new or changed laws
In conjunction with the Communications Manager, review all marketing materials for adherence to rules and regulations
Act as resource for all regulatory audit staff while they are on-site
Provide technical assistance to external auditors when necessary
Train new and existing staff on code of conduct, ethics at the Authority, and general compliance issues
Oversee the duties of Loan Review Compliance Specialist/Admin Support position regarding compliance functions
SUPERVISORY RESPONSIBILITYSupervise the Loan Review Compliance Specialist/Admin Support position; recommend additional staff, as needed
Actively engage in the professional development and performance management of direct reports through effective goal setting and regular constructive feedback and coaching
Conduct performance evaluations for direct reports
OTHER SKILLS AND ABILITIES REQUIREDMust be able to lift a minimum of 10 poundsAble to sit/or drive 4 to 7 hours per dayAble to stand 0 to 2 hours per dayAble to walk 0 to 2 hours per dayAble to work 5 days per weekPossess or have ability to obtain a valid driver’s licenseAble to travel overnight and/or same dayAble to perform sedentary workAble to bend/stoop, reach, push/pull and climb stairs occasionallyAble to talk, hear and converse with customers and co-workersVisual acuity to perform close workAble to use hands for frequently repetitive workMust be able to speak, comprehend, read and write using the English languageReasonable accommodations will be considered
EDUCATION and/or TRAINING REQUIREMENTSEducation:Bachelors degree and Juris Doctorate (JD) required; must possess a law degree from an accredited institute and be admitted to the Wyoming State Bar Relevant Work Experience:
Page 4Director of Legal/Compliance— Job Description
Minimum of 5 years legal work experience, 10 preferred
Minimum of 4 years audit or compliance work experience or an equivalent combination of education/experience
Risk management experience preferred
Certification:Admittance to the Wyoming State Bar
Compliance certifications preferred Certified Regulatory Compliance Managers (CRCM) from American Bankers Association Certified Risk and Compliance Professional (CRCMP) International Association of Risk and Compliance Professionals (IARCP)
This job description in no way states or implies that these are the only duties to be performed by this employee or abilities needed to perform the duties. The employee will be required to follow any other instructions and to perform any other duties requested by their supervisor(s).
Page 5Director of Legal/Compliance— Job Description