Sr Compliance Officer, Fair & Responsible Banking

GENERAL DESCRIPTION OF POSITION

The Senior Compliance Officer, Fair and Responsible Banking provides subject matter expertise on fair and responsible banking laws, including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Service members Civil Relief Act (SCRA), Military Lending Act (MLA), Home Mortgage Disclosure Act (HMDA) along with related laws and regulations and other regulatory guidance.

This position works directly with business lines and other corporate functions to ensure compliance oversight and provide support about compliance and audit exceptions with applicable laws and regulations.

The Senior Compliance Officer, Fair and Responsible Banking identifies and assesses fair and responsible banking risks associated with the products and services and assists in the preparation of Fair Lending and UDAAP Risk Assessments.

This position provides recommendations and guidance with conducting Fair Lending monitoring, testing and reporting through statistical analysis and transaction reviews to determine fair lending risk.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Maintain a sound knowledge of State and Federal regulations and laws, specifically Fair Lending, HMDA, Community Reinvestment Act and the Bank's policies relating to lending and consumer compliance regulations, and how they apply to the Company and assigned business lines.

This duty is performed daily, about 10% of the time.

2. Identify gaps in product / services and recommends lending, service, and investment strategies to support the Banks Fair Lending and HMDA reporting efforts under large institution performance criteria.

This duty is performed weekly, about 5% of the time.

3. Provides guidance and recommendations to subject matter experts within the Banks business units in the identification and recommendation mitigation of risks relevant to Fair Lending and HMDA reporting.

This duty is performed daily, about 5% of the time.

4. Reviews reports of findings prepared by Internal Audit and Federal and State regulatory agencies relating to regulatory compliance audits, and ensures findings and recommendations are being monitored and remediation completed in a timely manner.

This duty is performed weekly, about 5% of the time.

5. Provide guidance to Bank staff regarding complex compliance issues. Evaluates and designs programs to ensure appropriate level of compliance within the company.

Interacts with all levels of the bank to communicate and disseminate compliance concepts and issues. This duty is performed daily, about 5% of the time.

6. Establish and maintain a collaborative working relationship with lending and retail personnel, as well as, HMDA quality control staff.

This duty is performed weekly, about 5% of the time.

7. Perform periodic analysis of lending and denial activity to document fair lending risks. This duty is performed monthly, about 2% of the time.

8. Responsible for updating the fair lending and UDAAP risk assessments periodically, including design, control inventory, and execution of launching or updating products and services.

This duty is performed annually, about 2% of the time.

9. Provides guidance, recommendations and assistance to the Training Department in maintaining fair banking training materials for appropriate employees and job functions as necessary.

This duty is performed annually, about 2% of the time.

10. Coordinate with lending lines of business to evaluate proposed business changes, including new or modified products / services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable fair lending related laws and regulations, including identifying and assessing risks.

This duty is performed weekly, about 2% of the time.

11. Perform ongoing reviews of consumer complaints, advertisements, loan approval and denial documentation, and all applicable consumer related forms for fair banking risks.

This duty is performed weekly, about 15% of the time.

12. Consult with and advise business lines and other stakeholders on fair and responsible banking risks and controls through established review processes and procedures.

This duty is performed weekly, about 5% of the time.

13. Review business line incentive compensation plans for potential risks that can arise from the design and operation of the plans, and ensure risk is sufficiently mitigated prior to implementation.

This duty is performed annually, about 2% of the time.

14. Participate in regulatory change management assessments and associated business change projects. This duty is performed monthly, about 5% of the time.

15. Participate in or review the results of monitoring and testing activities performed by business lines. This duty is performed daily, about 15% of the time.

16. Stay current on business line products, services and processes, distribution channels, geographies, organizational structures and related regulatory requirements.

This duty is performed monthly, about 5% of the time.

17. Responsible for advising appropriate business lines on accurate collection and reporting of its HMDA data in order to successfully submit the Bank's HMDA LAR to the CFPB by March 1 of each year.

This duty is performed daily, about 5% of the time.

18. Provides recommendations and assistance to the Fair and Responsible Banking Manager with regulatory exam management.

This duty is performed as needed, about 5% of the time.

19. Provides assistance to the Fair and Responsible Banking Manager with UDAAP Compliance Program and Fair Lending Compliance Program.

This duty is performed weekly, about 15% of the time.

20. The ability to work in a constant state of alertness and in a safe manner.

21. Completes required BSA / AML training and other compliance training as assigned.

22. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and / or training, and 12 to 18 months related management experience, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents;

ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.

Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

CRITICAL THINKING SKILLS

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Certified Regulatory Compliance Manager (CRCM) Certification

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate : 10-Key, Presentation / PowerPoint, Spreadsheet, Word Processing / Typing

WORKING CONDITIONS

Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.

While performing the functions of this job, the employee is continuously required to talk or hear; regularly required to sit;

occasionally required to stand, walk, use hands to finger, handle, or feel. The employee must occasionally lift and / or move up to 25 pounds.

Specific vision abilities required by this job include close vision.

ADDITIONAL INFORMATION

Previous experience in the Compliance Department at a financial institution required.

Previous experience with FIS Bankway Banking Solutions preferred.

Working knowledge with DecisionPro, Encompass and NContracts Analytics preferred.

Must be proficient in the use of Microsoft Word and Excel.

Strong oral and written communication skills.

Ability to work independently.

Ability to work under stringent time constraints.

Ability to function in a team environment