Sandy Spring Bank
Loan Quality Assurance Team Lead
Sandy Spring Bank, Columbia, Maryland, United States, 21046
About Us
Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as
A Great Place To Work , recognized by
The Washington Post
and the
Baltimore Sun
as a Top Workplace, by
Forbes
magazine as the #1 Bank in Maryland. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.
About the Job
Sandy Spring Bank is hiring for a Loan Quality Assurance Team Lead. Under minimal supervision and following established procedures, performs a variety of duties to monitor and review commercial, consumer, and mortgage loans. Responsible for the coding of commercial loans originated through nCino. Plays an integral role in ensuring proper loan coding, which impacts internal, external and financial reporting. Execute on strategies, develops goals and objectives and evaluates performance to lead the Quality Assurance team in maintaining high quality, consistency and accuracy. Develops system reports, updates procedures and takes a significant role in implementing new processes as needed.MAJOR JOB ACCOUNTABILITIES:Responsible for the management of the Quality Assurance team. Encourages teamwork and cooperation among co-workers. Provides guidance and cross training as needed. Provide routine coaching, training and assistance for direct reports to develop knowledge, skills and abilities to maximize performance and potential. Document performance and complete performance review forms in a timely manner.With support from internal partners in Loan Administration, IT, and Business Process Management, responsible for re-imagining the bank’s commercial loan review process. Following the bank’s recent migration to nCino for commercial loan origination, the functions of the Quality Assurance team will be done prior to loan boarding. Leading this significant change will require in-depth knowledge of IBS Insight, nCino, and the bank’s commercial loan coding strategy.Oversees the quality control review of new, renewed, and modified commercial and consumer loans. Handles escalations as a result of these reviews. This may include interpreting legal documentation in order to verify entries associated with more complex commercial loans. Maintains records regarding reviewed loans in order to identify trends and areas of concern. Develops reports and processes to provide efficient quality assurance reviews. Provides review feedback to members of other departments, such as post-closing, portfolio administrators, and portfolio managers. Identifies and addresses training needs.Maintains records regarding reviewed loans in order to identify trends, error rates, and areas of concern. Develops reports and processes to provide efficient quality assurance reviews. Provides review feedback to members of other departments such as post-closing, portfolio administrators, and portfolio managers. Identifies and addresses training needs.Develops and manages the bank’s Quality Control plan for compliance with bank and regulatory requirements. Designs compliance testing models for self-monitoring under the plan. Areas of focus include, but are not limited to: repayment schedules, fees, interest rate structures, exceptions, escrow, and all coding used in the bank’s internal and external reporting. Ensures integrity of all loan system data through reviews documentation, approvals, and system-sourced reports. This requires an in-depth knowledge of the bank’s underwriting guidelines and coding strategy.Responsible for review, preparation, and submission of the bank’s pledged loan reports for HMDA, CRA, FHLB, and FRB. A thorough understanding of all pledged loan requirements and associated data is required.
Required Skills
Position requires 7+ years of experience in banking compliance, operational risk management, (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance with regulatory requirements). Requires knowledge in the documenting and servicing of commercial, consumer and mortgage loans. Prior supervisory experience is preferred.Requires a strong understanding of commercial banking practices including understanding loan authority, collateral, rate structures, and borrower entity relationships.Understanding of risks, controls, lines of defense, testing, and monitoring related to regulatory and investor requirements.Advanced experience using personal computer systems including database, spreadsheet, and word processing applications is required.An advanced level of problem-solving skills is required. Situations require operational knowledge of the work and of the unit, which may involve a range of possible solutions to technical or administrative problems.Work is under minimal supervision where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative procedures and work routines.SPECIFIC PHYSICAL REQUIREMENTS:Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required.WORKING CONDITIONS:Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements. Work includes little or no potential exposure to hazardous conditions. Must be able to travel to remote company and/or client locations.The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Compensation Information
At Sandy Spring Bank, compensation is one part of our total rewards package. Compensation within the range will depend on your skills, qualifications, education, experience, and location. Additionally, full-time and part-time positions may be eligible to participate in department or company-wide incentive plans.
Salary Range
USD $72,000.00 - USD $115,500.00 /Yr.Additional Information
Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website,
www.sandyspringbank.com
to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website.
#J-18808-Ljbffr
Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as
A Great Place To Work , recognized by
The Washington Post
and the
Baltimore Sun
as a Top Workplace, by
Forbes
magazine as the #1 Bank in Maryland. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.
About the Job
Sandy Spring Bank is hiring for a Loan Quality Assurance Team Lead. Under minimal supervision and following established procedures, performs a variety of duties to monitor and review commercial, consumer, and mortgage loans. Responsible for the coding of commercial loans originated through nCino. Plays an integral role in ensuring proper loan coding, which impacts internal, external and financial reporting. Execute on strategies, develops goals and objectives and evaluates performance to lead the Quality Assurance team in maintaining high quality, consistency and accuracy. Develops system reports, updates procedures and takes a significant role in implementing new processes as needed.MAJOR JOB ACCOUNTABILITIES:Responsible for the management of the Quality Assurance team. Encourages teamwork and cooperation among co-workers. Provides guidance and cross training as needed. Provide routine coaching, training and assistance for direct reports to develop knowledge, skills and abilities to maximize performance and potential. Document performance and complete performance review forms in a timely manner.With support from internal partners in Loan Administration, IT, and Business Process Management, responsible for re-imagining the bank’s commercial loan review process. Following the bank’s recent migration to nCino for commercial loan origination, the functions of the Quality Assurance team will be done prior to loan boarding. Leading this significant change will require in-depth knowledge of IBS Insight, nCino, and the bank’s commercial loan coding strategy.Oversees the quality control review of new, renewed, and modified commercial and consumer loans. Handles escalations as a result of these reviews. This may include interpreting legal documentation in order to verify entries associated with more complex commercial loans. Maintains records regarding reviewed loans in order to identify trends and areas of concern. Develops reports and processes to provide efficient quality assurance reviews. Provides review feedback to members of other departments, such as post-closing, portfolio administrators, and portfolio managers. Identifies and addresses training needs.Maintains records regarding reviewed loans in order to identify trends, error rates, and areas of concern. Develops reports and processes to provide efficient quality assurance reviews. Provides review feedback to members of other departments such as post-closing, portfolio administrators, and portfolio managers. Identifies and addresses training needs.Develops and manages the bank’s Quality Control plan for compliance with bank and regulatory requirements. Designs compliance testing models for self-monitoring under the plan. Areas of focus include, but are not limited to: repayment schedules, fees, interest rate structures, exceptions, escrow, and all coding used in the bank’s internal and external reporting. Ensures integrity of all loan system data through reviews documentation, approvals, and system-sourced reports. This requires an in-depth knowledge of the bank’s underwriting guidelines and coding strategy.Responsible for review, preparation, and submission of the bank’s pledged loan reports for HMDA, CRA, FHLB, and FRB. A thorough understanding of all pledged loan requirements and associated data is required.
Required Skills
Position requires 7+ years of experience in banking compliance, operational risk management, (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance with regulatory requirements). Requires knowledge in the documenting and servicing of commercial, consumer and mortgage loans. Prior supervisory experience is preferred.Requires a strong understanding of commercial banking practices including understanding loan authority, collateral, rate structures, and borrower entity relationships.Understanding of risks, controls, lines of defense, testing, and monitoring related to regulatory and investor requirements.Advanced experience using personal computer systems including database, spreadsheet, and word processing applications is required.An advanced level of problem-solving skills is required. Situations require operational knowledge of the work and of the unit, which may involve a range of possible solutions to technical or administrative problems.Work is under minimal supervision where the work requires independent judgment in the interpretation of existing policies and procedures and the selection of alternative procedures and work routines.SPECIFIC PHYSICAL REQUIREMENTS:Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required.WORKING CONDITIONS:Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements. Work includes little or no potential exposure to hazardous conditions. Must be able to travel to remote company and/or client locations.The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Compensation Information
At Sandy Spring Bank, compensation is one part of our total rewards package. Compensation within the range will depend on your skills, qualifications, education, experience, and location. Additionally, full-time and part-time positions may be eligible to participate in department or company-wide incentive plans.
Salary Range
USD $72,000.00 - USD $115,500.00 /Yr.Additional Information
Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website,
www.sandyspringbank.com
to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website.
#J-18808-Ljbffr