A $5 billion bank is growing it's compliance team and is looking for you to be it's next Fair Lending Compliance Associate! There has never been a more exciting time to join the team as they are looking for someone who is eager to grow and take on more responsibility. If the below is in line with your background, apply into this Fair Lending Compliance Associate role now!
The Fair Lending Compliance Associate will be responsible for:
- Oversees the Bank's Fair Lending Policy and Program throughout the organization, serving as the primary point of contact for fair lending and banking matters within the Bank, interacting with Board members, senior leadership, and external auditors/regulators.
- Develops and implements monitoring routines and procedures for the Fair Lending Program, 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 fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc.
- Performs analyses to detect potential discrimination such as redlining, steering, and disparities in loan underwriting, pricing, and loss mitigation outcomes. Analyzes Fair Lending data across different product lines to identify trends, risks, and opportunities for improvement.
- Investigate possible concerns by reviewing samples of loan files and report findings and recommendations in written reports and meetings with stakeholders.
- Lead and complete fair lending risk assessments and applicable required documentation in the Bank's fair lending analytics and GRC software.
The Fair Lending Compliance Associate should have the following qualifications:
- Bachelor's degree in law, finance, business administration, or a related field or equivalent related experience of at least 5 years in a compliance role with subject matter expertise in fair lending, including experience with mortgage, small business, auto lending, personal loans, and/or retail credit products. A master's degree and/or relevant certifications (e.g., CRCM) would be a plus.
- Comprehensive understanding of fair lending laws including Regulation B, HMDA, Fair Housing Act, UDAAP, and state fair lending laws, as they apply to various lending products.
- Excellent analytical, organizational, critical thinking, and presentation skills. Proficiency in creating and delivering presentations to various stakeholders.
- Experience and education in meeting requirements of state and federal banking laws and regulations.
Don't wait to apply into this fast moving Fair Lending Compliance Associate role!
