Job Description:
Job Responsibilities
- Development, implementation, and administration of all aspects of the Bank’s Fair and Responsible Banking Compliance Program in conjunction with the Compliance Manager
- Consult and guide the Bank in the establishment of controls to mitigate fair banking risk and ensure compliance with federal and state fair banking laws and regulations.
- Act as subject matter expert and advise the lines of business, operational areas, and Compliance colleagues on Fair and Responsible Banking issues, including business initiatives and regulatory changes
- Develop and implement fair banking monitoring routines and procedures tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc.
- Perform data analytics, data integrity testing and/or mapping, examine loan files, including comparative file reviews, to ensure compliance with fair lending laws
- Complete ongoing fair lending reviews (underwriting, pricing, marketing, redlining, steering, etc.) to evaluate the Bank’s level of compliance with fair lending laws, regulations, and guidance
- Review, test, and monitor UDAP risk areas on an ongoing basis and work with stakeholders on necessary improvements
- Conduct periodic UDAP and Fair Lending risk assessments
- Develop and prepare Board and management reports on applicable program components and metrics including Fair Lending and UDAP
- Collaborate with the Training Department to develop compliance training when necessary for new rules or identified deficiencies and determine annual fair lending, UDAP, and fair banking compliance training assignments for the Board of Directors, officers, and staff
- Work with the Vendor Management team to monitor and test vendors and third parties for compliance with fair banking policies and procedures
- Serve as a member of the Complaint Committee and review customer complaints and monitor for any potential trends that may indicate disparate consequences of the Bank's existing policies and procedures
- Serve as a member of the Risk Mitigation Task Force
- Maintain a current in-depth knowledge and understanding of all federal and state consumer protection laws, regulations and policies, with emphasis on Fair Lending, HMDA, and UDAP
- Stay abreast of all legislative and regulatory developments that might impact the Bank
- Research regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference manuals, consulting Bank counsel, and contacting professional associations and organizations as appropriate
- Review and approve advertising and/or marketing material to ensure compliance with regulatory requirements and evaluating for fair lending and UDAAP risks
- Promote a compliance culture throughout the Bank
- Special project assignments
- Other duties as assigned
- Ensure all actions performed are in compliance with government regulations and organizational policies and procedures.
Skills/Knowledge and Abilities/Experience
- Bachelor's degree or the equivalent to provide basic familiarity with a variety of subjects such as: finance, economics, English, business law, marketing, statistics, etc
- A minimum of six years banking experience and at least three years of experience directly related to Bank compliance, fair lending, and/or fair banking
- Advanced knowledge of Bank administration, lending and operations, products and services; related state and federal laws and regulations, and other Bank operational policies and procedures
- Ability to interact on a professional level with management, the Board of Directors, and bank examiners
- Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures
- Ability to conduct research projects with minimal supervision/guidance
- Advanced knowledge of investigative, audit and research techniques and procedures
- Strong analytical and organizational skills with a detail oriented approach
- Self-starter and a willingness to learn
- Excellent written and verbal communication skills
- Proficiency in Word and Excel
Working Conditions
- Normal office conditions – professional environment
- Some overtime may be required
- Occasional periodic, limited travel
The above statements are intended to describe the general nature and level of work to be performed by personnel assigned to this job. This information is not intended to be an exhaustive list of all responsibilities, duties, and skills required.
