Fair & Responsible Banking Compliance Officer I (Finance)

Position Summary:   Assists the Fair & Responsible Banking Compliance Officer in management of the Bank's Fair and Responsible Banking Program for mitigating potential consumer harm and ensuring compliance with fair lending, HMDA, and UDAP laws and regulations. 

 

Job Responsibilities

·        Assist in performing data analytics, data integrity testing and/or mapping, examine loan files, including comparative file reviews, to ensure compliance with fair lending laws

·        Assist in the completion of 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

·        Assist in conducting periodic UDAP and Fair Lending risk assessments

·        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

• Position normally requires a 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 two years banking experience
• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures
• Ability to conduct research projects with supervision/guidance
• General knowledge of investigative, audit and research techniques and procedures
• Strong analytical and organizational skills with a detail oriented approach
• Self-starter with 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.