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

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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

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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:

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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).

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