Corporate Fair & Responsible Banking Analyst-Loan Review

About the role

The Corporate Fair and Responsible Banking (FARB) Analyst – Loan Review supports the Corporate Fair Banking Manager in maintaining the organization’s fair banking compliance program. This role helps ensure lending and retail banking activities comply with applicable fair lending and consumer protection laws and regulations. The Analyst independently performs complex data analysis, converts large datasets into actionable insights, and prepares clear reporting and executive summaries for senior management and Compliance committees.

Responsibilities

• Perform fair banking and fair lending reviews, including loan, adverse action, Regulation B timing, hidden denial, marketing, redlining/mapping, data integrity.
• Surveys/conduct fair lending interviews, and other reviews dependent on industry changes or risks arise.
• Create detailed executive summaries that include findings, observations, recommendations, and results from reviews.
• Track and follow up on FARB recommendations to ensure completion by respective departments.
• Provide ongoing monitoring and assessments based on internal and external findings, regulatory changes, and audit results.
• Assist in creating and distributing surveys or conducting interviews with employees related to fair banking topics.
• Analyze results, prepare reports, and provide recommendations for improvement.
• Update and manage the FARB Risk Assessment program and work with the FARB Manager to compile findings into a memo for presentation to the Compliance Committees.
• Create department specific risk assessments to analyze and monitor throughout the year.
• Review and update policies, including Regulation B Application, Adverse Action procedures, and FARB and UDAAP policies.
• Ensure all products and services comply with fair banking requirements.
• Attend semiannual meetings with ERM-Model Risk Management team and make updates to models and non-model tools inventory lists and work papers.
• Maintain and update FARB work papers, which serve as guides for reviews, surveys, interviews, and risk assessments.
• Ensure business continuity and support for internal and external audits and exams.
• Participate in projects, activities, committees, and Teams calls for collaboration amongst colleagues to maintain overall compliance with regulations.
• Maintain communication and keep records of any significant issues or questions.

Qualifications

• Education Required/Preferred: Bachelor’s Degree in Business, Finance or related field.
• Experience Required/Preferred: 5 years minimum of related banking experience, preferably in a compliance environment, quality control, or lending role. 3 years minimum of experience in Fair Banking and/or Fair Lending compliance (e.g., ECOA/Regulation B, UDAAP), preferably within a federal regulatory agency or large financial institution. 3 years minimum of experience developing and delivering fair lending reporting, analysis, and presentations. 3 years minimum of experience with fair lending analytics and monitoring software.
• Advanced / Specialized Knowledge: Strong knowledge of Fair Lending regulations is required: Home Mortgage Disclosure Act, Equal Credit Opportunity Act, Fair Housing Act, Service Members Civil Relief Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act, Truth In Lending Act, Unfair Deceptive or Abusive Acts or Practices, Real Estate Settlement Procedures Act, Mortgage Acts and Practices.
• Skills And Abilities: Ability to exercise independent judgement and demonstrate strong technical expertise in fair lending principles. Employee must be trustworthy and possess a significant level of credibility, discretion, and diplomacy. Employee must be capable of interacting calmly and professionally with a variety of people from diverse backgrounds at various levels within and outside of the organization. Employee must be a team player with a passion for customer service and a proven ability to build rapport and work effectively with employees at all levels of the organization. Ability to monitor, analyze and apply compliance rules, regulations, and procedures. Ability to adapt to change (e.g. shifting priorities, demands, and timelines) through time management, analytical, and problem solving skills. Employee must be a self-starter with ability to take ownership and accountability of all roles and responsibilities with minimal supervision. Ability to serve as a backup for other staff members in a mutually supportive team work environment. Employee must be capable of regular, reliable, and timely attendance.