Exchange Bank
Essential Functions:
Fair Lending and Fair Banking: Oversees the Bank’s Fair Lending Policy and Program throughout the organization, serving as the primary point of contact for fair lending and banking matters within the Bank. Serve as the Bank’s subject matter expert in Fair Lending laws and regulations. Work collaboratively with Executive Management to identify and manage Fair Lending risk across the Bank. Conduct an annual risk assessment that evaluates the level and direction of the Bank’s Fair Lending risk in underwriting, pricing, marketing, steering, and redlining. Develop and implement robust Fair Lending risk reporting tools, including key risk indicators. Develops and implements monitoring routines and procedures for the Fair Lending Program, tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc. Complete periodic Fair Lending reviews, including ongoing comparative file reviews, marketing analysis, quality of assistance, exceptions, and redlining reviews, ensure appropriate remediation occurs, and maintain adequate work papers to support findings. Ensure fair lending reports are designed to provide bank management with information needed to evaluate fair lending performance. Develops and implements monitoring routines and procedures for the Fair Lending Program, tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc. Implement and Maintain process, procedures, policy related to compliance with 1071 data collection and reporting requirements, including administering the software required for compliance with the rules. Guide management and bank staff regarding new 1071 data collection rules. Serve as a committee member on the Compliance Committee and CRA Committee and provide updates on Fair Lending risk, provide training to the committee, and work closely with the Compliance Officer. Administer software programs and any third-party vendor relationships for Fair Lending.
CRA Provide oversight and support to the CRA Officer I role. Assist with external CRA compliance auditors, examiners, and regulators. Responsible for oversight of collection of all CRA data, including but not limited to working with the Bank’s CFO regarding CRA-qualified investments, all HMDA loan data, all CRA-qualified community support donations, and all employee hours donated in support of our community. Assist with the Bank’s CRA database for collection of volunteer hours and donations including determination of CRA eligibility. Monitor the Bank’s CRA performance and suggest program modifications and improvements. Assist with the implementation of new CRA Modernization rules and guide CRA Officer I role, including management and bank staff. Oversee the bank’s compliance with the Home Mortgage Disclosure Act (HMDA), CRA, Fair Lending and Fair Housing Act (FHA) regulations and ensuring data integrity and timely submission of data to the respective regulatory agency or agencies. Review, revise and make recommendations regarding the Bank’s policies and practices to comply with Home Mortgage Disclosure Act (HMDA), CRA, Fair Lending and Fair Housing Act (FHA). Administer software programs and any third-party vendor relationships for CRA.
Training Work with Learning and Development to develop formal bank-wide Fair Lending and CRA training. Provide guidance and training to bank staff on fair lending practices and policies Build awareness and provide training to Retail and Marketing to promote affordable products and marketing collateral. Develop a library of Fair Lending and CRA resources. Collect and distribute information related to the Fair Lending and other topical subjects to appropriate staff. Provide informational assistance to loan officers, branch personnel, and management.
Non-Essential Perform special projects, research and other duties as assigned.
Knowledge, Skills, and Abilities
Comprehensive understanding of fair lending laws including Regulation B, HMDA, Fair Housing Act, UDAAP, and state fair lending laws, as they apply to various lending products. Proven track record in implementing or significantly contributing to a fair lending program (or equivalent), with specific experience in all lending areas including but not limited to mortgage, auto, personal, and/or retail credit lending as well as retail products. Knowledge of operating areas, functions, products, and services and the laws and regulations that apply to commercial banks as they relate to credit administration and lending activities. Knowledge of loan compliance practices and procedures. Knowledge of internal audit practices and perspectives. Knowledge of risk and controls including tests for design and operating effectiveness and controls. Good interpersonal skills with the ability to effectively work with individuals and groups at all organizational levels; ability to work independently and as part of a team. Ability to interpret fair lending and fair banking laws and regulations. Ability to take initiative and prioritize tasks; excellent time-management, problem-prevention, and problem-solving skills. Ability to maintain confidentiality of sensitive information. Proficiency in Microsoft Office and other Windows-based systems required; and CRA and Fair Lending Modules (fair lending analytic software) required. Experience and education in meeting requirements of state and federal banking laws and regulations. Ability to work with all levels of management and bank staff Ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems. Ability to work with community groups and government agencies.
Qualifications
Education and Experience equal to a bachelor's degree in finance, accounting, or related field plus 5 years' experience with regulatory compliance in a bank or financial services company; or a combination of equivalent education and experience. Fair Lending Expert (FLE) or Certified Regulatory Compliance Manager (CRCM) certifications highly preferred.
Compensation:
The hiring range for this position is $104,784-$148,006 per year. The compensation offered will fall within this range commensurate with the candidate's applicable experience, education and skills.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Fair Lending and Fair Banking: Oversees the Bank’s Fair Lending Policy and Program throughout the organization, serving as the primary point of contact for fair lending and banking matters within the Bank. Serve as the Bank’s subject matter expert in Fair Lending laws and regulations. Work collaboratively with Executive Management to identify and manage Fair Lending risk across the Bank. Conduct an annual risk assessment that evaluates the level and direction of the Bank’s Fair Lending risk in underwriting, pricing, marketing, steering, and redlining. Develop and implement robust Fair Lending risk reporting tools, including key risk indicators. Develops and implements monitoring routines and procedures for the Fair Lending Program, tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc. Complete periodic Fair Lending reviews, including ongoing comparative file reviews, marketing analysis, quality of assistance, exceptions, and redlining reviews, ensure appropriate remediation occurs, and maintain adequate work papers to support findings. Ensure fair lending reports are designed to provide bank management with information needed to evaluate fair lending performance. Develops and implements monitoring routines and procedures for the Fair Lending Program, tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc. Implement and Maintain process, procedures, policy related to compliance with 1071 data collection and reporting requirements, including administering the software required for compliance with the rules. Guide management and bank staff regarding new 1071 data collection rules. Serve as a committee member on the Compliance Committee and CRA Committee and provide updates on Fair Lending risk, provide training to the committee, and work closely with the Compliance Officer. Administer software programs and any third-party vendor relationships for Fair Lending.
CRA Provide oversight and support to the CRA Officer I role. Assist with external CRA compliance auditors, examiners, and regulators. Responsible for oversight of collection of all CRA data, including but not limited to working with the Bank’s CFO regarding CRA-qualified investments, all HMDA loan data, all CRA-qualified community support donations, and all employee hours donated in support of our community. Assist with the Bank’s CRA database for collection of volunteer hours and donations including determination of CRA eligibility. Monitor the Bank’s CRA performance and suggest program modifications and improvements. Assist with the implementation of new CRA Modernization rules and guide CRA Officer I role, including management and bank staff. Oversee the bank’s compliance with the Home Mortgage Disclosure Act (HMDA), CRA, Fair Lending and Fair Housing Act (FHA) regulations and ensuring data integrity and timely submission of data to the respective regulatory agency or agencies. Review, revise and make recommendations regarding the Bank’s policies and practices to comply with Home Mortgage Disclosure Act (HMDA), CRA, Fair Lending and Fair Housing Act (FHA). Administer software programs and any third-party vendor relationships for CRA.
Training Work with Learning and Development to develop formal bank-wide Fair Lending and CRA training. Provide guidance and training to bank staff on fair lending practices and policies Build awareness and provide training to Retail and Marketing to promote affordable products and marketing collateral. Develop a library of Fair Lending and CRA resources. Collect and distribute information related to the Fair Lending and other topical subjects to appropriate staff. Provide informational assistance to loan officers, branch personnel, and management.
Non-Essential Perform special projects, research and other duties as assigned.
Knowledge, Skills, and Abilities
Comprehensive understanding of fair lending laws including Regulation B, HMDA, Fair Housing Act, UDAAP, and state fair lending laws, as they apply to various lending products. Proven track record in implementing or significantly contributing to a fair lending program (or equivalent), with specific experience in all lending areas including but not limited to mortgage, auto, personal, and/or retail credit lending as well as retail products. Knowledge of operating areas, functions, products, and services and the laws and regulations that apply to commercial banks as they relate to credit administration and lending activities. Knowledge of loan compliance practices and procedures. Knowledge of internal audit practices and perspectives. Knowledge of risk and controls including tests for design and operating effectiveness and controls. Good interpersonal skills with the ability to effectively work with individuals and groups at all organizational levels; ability to work independently and as part of a team. Ability to interpret fair lending and fair banking laws and regulations. Ability to take initiative and prioritize tasks; excellent time-management, problem-prevention, and problem-solving skills. Ability to maintain confidentiality of sensitive information. Proficiency in Microsoft Office and other Windows-based systems required; and CRA and Fair Lending Modules (fair lending analytic software) required. Experience and education in meeting requirements of state and federal banking laws and regulations. Ability to work with all levels of management and bank staff Ability to conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems. Ability to work with community groups and government agencies.
Qualifications
Education and Experience equal to a bachelor's degree in finance, accounting, or related field plus 5 years' experience with regulatory compliance in a bank or financial services company; or a combination of equivalent education and experience. Fair Lending Expert (FLE) or Certified Regulatory Compliance Manager (CRCM) certifications highly preferred.
Compensation:
The hiring range for this position is $104,784-$148,006 per year. The compensation offered will fall within this range commensurate with the candidate's applicable experience, education and skills.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.