Flood Compliance Reporting Specialist

Compliance Analyst

This position is responsible for compliance with Flood Disaster Protection Act (FDPA) through analysis of real estate provided as collateral for loans within flood prone areas ensuring appropriate levels of flood insurance and adherence to regulatory timeframes set forth by the FDPA and Office of the Comptroller of the Currency (OCC).

Orders flood determinations and reviews to determine if the collateral is in a special flood hazard area requiring flood insurance. Utilizes collateral valuation details such as appraisals, hazard insurance policies or municipal assessments to complete Flood Calculation Worksheets to establish regulatory minimum level of flood coverage required.

Corresponds with flood determination and force place insurance vendors on a daily basis to ensure the information received is accurate and insurance coverage requirements are appropriate. Conveys insurance coverage requirements to customers, Commercial Relationship Managers and business line support to ensure protection of bank collateral and adherence to regulatory requirements.

Monitors loan collateral insurance coverage including insurance expiry dates to ensure coverage is maintained by the borrower. Researches and communicates FEMA mapping changes to customers, which may cause changes to coverage requirements. Works closely with the customer to resolve issues and validates the appropriate insurance is obtained.

Reviews cancellations and renewals for appropriate coverage in a timely manner. Follows FDPA prescribed timelines to prepare 45 day notice to customer of flood insurance coverage change or cancellation. Obtains the appropriate levels of force placed insurance when necessary, providing all regulatory notices to the customer.

Reviews monitoring reports to ensure data integrity. Creates and maintains Flood Insurance files to ensure accurate and complete records of all flood related activities and for use in compliance reviews by audit examiners.

Adheres to compliance procedures and internal / operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.

Basic Qualifications :

• High School diploma or equivalency required.
• 2 years relevant experience.

Preferred Skills / Experience :

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days. Locations position is available are- Oshkosh, WI or Gresham, OR

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) :

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.