Fair Lending Officer SR.-Hybrid

Fair Lending Officer Sr.

The Fair Lending Officer Sr. is responsible for developing, implementing, and executing the organization's HMDA and Fair Lending programs, encompassing compliance risks associated with residential real estate and consumer lending. The Fair Lending Officer Sr. should be conscious of streamlining efforts, cost-effectiveness, safety and soundness, and proper maintenance of the risk and internal control structures.

Responsibilities

Maintain a sound knowledge of State and Federal regulations and laws related to Fair Lending and HMDA

Direct the monitoring of compliance with applicable laws and regulations and update relevant members of management regarding the adequacy of current policies and regulatory compliance efforts

Design and execute Fair Lending Risk assessments to ensure compliance risks associated with Fair Lending laws, regulations, and guidance's are adequately identified and addressed

Identify gaps in product/service offerings and recommend lending, service, and investment strategies to support the Credit Union's Fair Lending and HMDA reporting efforts under large institution performance criteria

Provide guidance and training to Logix staff regarding complex compliance issues related to Fair Lending

Evaluate and design programs to ensure appropriate level of compliance within the company

Interact with all levels of the Credit Union to communicate and disseminate compliance concepts and issues

Develop, administer and maintain a sustainable Fair Lending Compliance Program, including program documentation, policies, procedures, reporting, data inputs and best practices

Oversee and conduct the development and maintenance of sustainable data repositories and related reporting to identify, risk-rate, and escalate Fair Lending and technical HMDA reporting issues to the appropriate levels of management. This includes both quality assurance of HMDA data, as well as underwriting, pricing, marketing, redlining, steering, and geographic distribution analysis for Annual Fair Lending compliance

Develop and maintain a sustainable technical HMDA reporting process, and a risk-based process to identify and evaluate patterns and practices for Fair Lending

Identify data elements that need to be captured and work with appropriate departments to ensure data is gathered timely and accurately

Assist subject matter experts and Logix departments in the identification and mitigation of risks relevant to Fair Lending and HMDA reporting

Maintain a current library of regulations, interpretations of the regulations and other reference materials on Fair Lending and HMDA compliance matters

Coordinate compliance-related communication with regulatory agencies, facilitate the conduct of regulatory examinations and assist management in coordinating the correction of deficiencies noted in examination reports

Review reports of findings prepared by Internal Audit and Federal and Federal regulatory agencies relating to regulatory compliance audits, and ensure findings and recommendations are monitored and remediated in a timely manner

Manage escalations from business units on heightened Fair Lending risks

Review complaints received which allege discrimination or have fair lending concerns

Work closely with Consumer Lending and Residential Real Estate management teams

Participate in various committees such as Compliance, Enterprise Risk Management, Senior and Junior Loan Committees, Loan Quality, Branch Deployment and Sales/Marketing/Lending planning

Qualifications

Education

Min/Preferred: Education Level: 4 Year / Bachelors Degree

Description: Bachelor's degree (B.A. or B.S.) in Accounting, Business or Finance from four-year college or university

Experience

Minimum Years of Experience: 5-7

Preferred Years of Experience: 10

A minimum of 5-7 years of experience in the field of regulatory compliance in the financial services industry or with a state or federal banking agency is required.

Comments: 7-10 years' experience and/or training in the financial services industry, or equivalent combination of education and experience with a focus on Fair Lending and HMDA reporting

Knowledge, Skills & Ability

Well-organized, efficient, detail-oriented self-starter, able to work independently

Excellent analytical ability, and the ability to compile reporting from disparate data sources, conduct thorough research, interpret and understand laws and regulations, and provide workable recommendations and solutions to problems

Broad knowledge of, and practical experience with, credit union or other financial institution operating areas, functions, products and services and the laws and regulations which apply to credit unions

Ability to handle simultaneously, multiple tasks and changing priorities in an efficient and effective manner

Excellent oral and written communication skills

The ability to work with all levels of management and credit union staff, as well as members

Disclaimer

Logix Federal Credit Union is an equal opportunity employer that does not discriminate in employment opportunities or practices on the basis of race, religion, color, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other status protected by law.

Pay Range

USD $89,614.90 - USD $138,903.10 /Yr.

Base Pay