Fair Lending Compliance Officer

Essential Duties & Responsibilities

• Analytical knowledge of fair lending approaches and technical skills of statistical and data management tools
• Design, assess and/or execute statistical models to evaluate fair lending risk across various credit products
• Conduct UDAAP analysis (lending and non-lending products/services), and fair lending analysis including Underwriting and Pricing regression, Redlining, and Peer identification, data extraction (via FFIEC website or other), data mining/analyses, etc.
• Assess potential areas of concern in Redlining analysis via review of multiple sources of data and consider what may be contributing to root cause(s)
• Performing comprehensive annual and/or periodic Fair Lending risk assessments, determine respective risk rating(s) with supporting/documented rationale, direction of risk, propose corrective actions, etc.
• Coordinate, document and review CRA lending performance
• Ensure compliance with the CRA data collection, reporting, and disclosure requirements
• Maintain relevant CRA reports and files, including data and documentation
• Provide CRA and fair lending training to employees and management as needed
• Analyze current demographic data, determine the appropriateness of existing products and services, and recommend changes to management where necessary
• Review new products and services to ensure they are designed to meet the needs of the community
• Review lending products to ensure they represent safe and sound credit programs, while adequately designed to meet the needs of low or moderate income individuals or neighborhoods
• Respond To Internal And External Audits and assist with regulatory examinations
• Handle verbal or written CRA and fair lending related complaints and assist in issuing a response to the complaint

Qualifications

• Knowledge of CRA and Fair Lending laws and regulations
• Strong organizational skills, with a demonstrated ability to meet deadlines while working with little or no supervision
• Excellent analytical skills, demonstrated skills in critical thinking, attention to detail, and problem-solving
• Excellent verbal and written communication skills, and ability to interface effectively with senior management
• Ability to work in a fast-paced, changing environment
• Strong interpersonal skills in dealing with external groups and/or organizations with the ability to communicate with a wide range of individuals in a diverse community
• Strong ethics and the ability to maintain a high degree of confidentiality
• Effectively influences without authority and leads change by building trust and credibility

Supervisory Responsibilities

• Management responsibilities

Education and/or Experience

• Bachelor degree from a 4 year college or university required
• Minimum of 6-8 years' of financial institution consumer compliance experience, including specific experience in fair lending
• Five (5)-Seven (7) years of experience with risk management and/or Community Reinvestment Act responsibilities, preferably at a large financial institution
• Preferred experience performing fair lending risk assessments, audits/reviews, conducting statistical fair lending analysis and/or redlining analysis

Computer and Software Skills

• Skilled in operation of a personal computer and Microsoft Word, Excel and PowerPoint
• Ibss
• Salesforce
• Hmda/Cra software