Fair Lending Compliance Officer

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 (mortgage, commercial lending, small business lending, and credit cards, etc
• 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.; assessment of initial data results; selection criteria for respective matched pair sample size and files for review; and, evaluation for potential unfair discrimination or other fair lending disparities/impact
• 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.; as well as, identifying activity that could cause potential financial harm to customers
• Work with the Director of Community Development to monitor the Bank's CRA performance
• Coordinate, document and review CRA lending performance
• Periodic review of Bank's assessment area to ensure reasonableness of the delineation.
• 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.
• Analyze and document components of the lending test utilizing CRA software (as well as other technical resources) to track CRA performance and present reports to management.
• Make recommendations to improve the Bank's CRA position in the community.
• 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
• Responsible for handling verbal or written CRA and fair lending related complaint(s) and assisting in issuing a response to the complaint.

• 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. Highly proficient in time management, planning and prioritization.
• 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.

• Management responsibilities
• The Fair and Responsible Banking Analyst

• 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.

• Skilled in operation of a personal computer and…