Dimension of Job

Management level position responsible for coordination and oversight of bank-wide fair lending reviews and contributing to compliance monitoring reviews. This function includes researching and interpreting regulations, developing fair lending training presentations, fielding questions from bank staff, and monitoring bank processes to measure compliance. Incumbent collaborates with department management affected by changing laws and regulation to ensure appropriate changes are implemented.

Position Specific Responsibilities, Duties and Competencies

Note: Only minimum responsibilities are listed. Other responsibilities may be required as requested by management.

1. Fair And Responsible Banking (FARB) Officer:

• Serve as a subject matter expert in Fair Lending laws and regulations.

• Complete periodic Fair Lending reviews, including pricing and underwriting exception reports, adverse action reports and comparative file reviews.

• Conduct an annual risk assessment that evaluates bank-wide fair lending risk.

• Review credit policies/procedures, pricing, marketing strategies, products, business changes, and any 3rd party vendor services to proactively identify issues.

• Attend fair lending training to remain current on requirements

• Create and update sufficient bank wide fair lending training.

• Recommend processes to mitigate risks of potential unfair or deceptive practices, especially where fair lending laws might not apply.

2. Compliance Monitoring Officer:

• Keep abreast of new regulations and changing regulations and serve as a compliance resource to staff.

• Help perform compliance monitoring to evaluate conformity with regulations and internal policies. Prepare and present reports of findings including root cause, ratings and proposed corrective actions.

• Help track and follow-up on responses to monitoring/audit/exam findings to evaluate effectiveness of corrective actions.

• Review forms, disclosures, and marketing material for regulatory compliance. Alert management of potential violations and provide recommendations for correction.

• Assist the Director of Compliance with the administration of the complaint management program.

• Assist in compiling information for compliance examinations.

Education, Experience and Certification Requirements

Basic Qualifications:

• Undergraduate degree in accounting, finance or related field plus two years’ experience in the banking industry. Financial industry-specific coursework may substitute for the higher education requirement.

• Strong understanding of fair lending and anti-discrimination banking laws including ECOA, Fair Housing, UDAP and CRA; effective knowledge of other regulatory laws including TILA, RESPA, and HMDA.

• Software knowledge of Microsoft Office, Laser Pro, and FiServ Premier a plus but not required.

• Experience with Wolters Kluwer’s CRA Wiz strongly preferred.

• CRCM or CCBCO a plus but not required.

  For full description, which includes physical mental demands please see attachment.