Fair and Responsible Banking Analyst

Fair And Responsible Banking Analyst

The Fair And Responsible Banking Analyst (Analyst) supports the Director of Fair And Responsible Banking in developing the bank's Fair Lending Program. The Analyst is responsible for developing insights into the bank's lending activity through data analytics and data visualization. The associate will collaborate with the first and second line of defense and senior management to communicate outcomes.

Duties & Responsibilities

Primary Duties :

• Collaborate with first and second line of defense associates to ensure the accuracy and completeness of data used for fair lending analysis.
• Draft and maintain written procedures describing the analytical standards and techniques used under the program.
• Maintain thorough workpapers documenting the scope, assumptions, methodology, and outcomes of each analysis.
• Leverage data analysis and data visualization to answer complex or vaguely defined business intelligence questions posed by first- and second-line managers.
• Design statistical models and conduct statistical analysis (i.e. descriptive statistics, regression modeling, redlining analysis, comparative file review, etc) to identify potential disparities among protected classes in bank marketing, underwriting, pricing, and servicing processes.
• Conduct fair lending self-assessments and fair lending testing reviews based on outcomes from the Fair Lending Risk Assessment.
• Translate complex analytical and statistical findings into clear and actionable recommendations for senior management.
• Review new or existing vendors, products, and policies / processes to evaluate fair lending controls and risk exposures.
• Review and investigate complaints alleging discrimination. When necessary, perform root cause analysis and partner with first- and second-line associates to resolve identified concerns.
• Stay current with evolving regulatory expectations, industry best practices, and analysis methodologies.
• Support the Director with data-focused inquiries arising from examination preparation, regulator requests, merger and acquisition analysis, etc.
• Support the Director in duties related to vendor management and model risk management over the fair lending analysis software platform.
• Support the Director in the development of meaningful KRIs and dashboards to monitor fair lending risks and trends.
• Support the Director in the completion of fair lending risk assessments.
• Other duties as assigned by the Director.

Education & Experience

Knowledge of :

Ability to :

Education & Training :

Benefits and Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range : $68,000 - $94,000 / year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-beingnow and in the years to comeare important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability / Vets.