Grand Bank - Fair and Responsible Banking Officer

Fair And Responsible Banking Officer

The Fair and Responsible Banking Officer serves Grand Bank for Savings, FSB ("Grand Bank" or the "Bank") as a subject matter expert responsible for the design, implementation, and oversight of the Bank's Fair Lending and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) compliance program across all products, delivery channels, and customer touchpoints, including digital banking platforms and the Bank's national credit card program. This position will lead a team of compliance professionals and has direct interaction with senior leadership and Board-level committees. This role provides second line of defense oversight to ensure the Bank delivers fair, transparent, and compliant products and services, while proactively identifying, assessing, and mitigating fair banking risks. The Officer partners with business lines, compliance, marketing, digital, payments, and credit card program teams to embed fair banking principles into product design, customer communications, and lifecycle management with a focus on ensuring fair, consistent, and equitable customer outcomes. The position supports regulatory compliance with applicable laws and guidance, including Fair Lending laws (ECOA/Reg B, HMDA), UDAAP, Regulation E, Regulation Z, and applicable NACHA/ACH rules. Oversight spans the full product lifecycle, including product design, underwriting, model risk management, marketing, servicing, collections, and customer communications. The position reports to the Chief Compliance Officer and has authority to independently escalate issues, require corrective action, and provide credible challenge across all lines of business.

Essential Duties and Responsibilities:

• Develop, implement, and maintain an effective second line Fair and Responsible Banking (Fair Lending and UDAAP) compliance program across all Bank products and services
• Establish and maintain fair banking risk governance standards, including alignment with the Bank's risk appetite and escalation frameworks
• Provide independent review, challenge, and oversight of business line activities to ensure fair treatment of customers and compliance with applicable regulations
• Conduct enterprise-wide fair banking risk assessments, incorporating deposit, digital banking, ACH/payment flows, and credit card products
• Provide oversight of fair banking risks within digital banking platforms, including account origination, servicing, disclosures, and customer experience
• Review and challenge ACH and payment-related practices for compliance with NACHA rules, Regulation E, and UDAAP expectations
• Monitor customer journeys across digital channels to identify potential disparate treatment or unfair, deceptive, or abusive practices
• Partner with operations and technology teams to ensure fair and compliant design of automated decisioning, workflows, and customer communications
• Monitor and manage the bank's overdraft program to ensure compliance with applicable regulations, internal policies, and fair lending principles
• Review automated decisioning models, algorithms, and credit policies for fair lending and UDAAP risk
• Monitor developments in consumer financial data rights, including obligations under Section 1033 of the Dodd-Frank Act and emerging open banking frameworks, for fair banking and UDAAP implications related to third-party data access and customer-permissioned sharing
• Provide oversight of error resolution processes (including ACH disputes and unauthorized transactions) to ensure consistent and fair customer outcomes
• Provide fair lending and UDAAP oversight for the Bank's national credit card program, including underwriting, line assignment, credit line management, pricing, fees, marketing, and servicing practices
• Perform ongoing monitoring, testing, and analytics to detect fair lending and UDAAP risks across products and channels
• Coordinate with the Model Risk Management (MRM) function to ensure fair lending risk is incorporated into every credit-decisioning model validation, including underwriting scorecards, risk-based pricing engines, and automated credit line increase models.
• Conduct comparative file reviews, matched pair analysis, and peer benchmarking
• Oversee complaint monitoring, categorization, and root cause analysis across all channels, ensuring timely identification, escalation, and remediation of systemic issues and potential UDAAP concerns
• Support HMDA data integrity, analysis, and reporting, including preparation of management-level insights and recommendations
• Support implementation and ongoing compliance with small business lending data collection requirements under ECOA Section 1071, including oversight of data integrity, reporting, and fair lending analysis of small business credit activity
• Develop and maintain data-driven monitoring frameworks, dashboards, and key risk indicators (KRIs) to proactively identify fair banking risk trends
• Serve as a trusted advisor to business lines on new products, initiatives, and strategic changes, ensuring fair banking risks are identified and mitigated early
• Review and approve marketing materials, customer communications, and product changes for fair lending and UDAAP compliance
• Provide guidance on remediation strategies for identified risks, including corrective action plans
• Develop and deliver fair banking training tailored to business lines, including digital, payments, and credit card teams
• Provide fair banking oversight of third-party relationships, including fintech partners, marketing firms, digital platform providers, and payment processors
• Prepare clear, concise reporting for senior management and Board committees on fair banking risks, trends, and program effectiveness
• Assist in regulatory examinations and audits, including coordination of requests, responses, and remediation efforts
• Maintain current knowledge of regulatory developments, enforcement actions, and industry best practices

Minimum Qualifications (Knowledge, Skills, and Abilities): Bachelor's degree or equivalent experience, 7+ years of progressive experience in fair banking compliance, fair lending, or CRA, with at least 3 years in a leadership or officer-level role. Experience working in or alongside a second line of defense risk management or compliance function, experience launching or supporting a national credit card program, prior interaction with OCC or FDIC examinations; familiarity with CFPB rulemaking, enforcement actions, and supervisory priorities, demonstrated experience with digital banking platforms, ACH/NACHA rules, and/or payments ecosystems, experience supporting or overseeing credit card programs, including knowledge of Regulation Z and card lifecycle processes, strong knowledge of Fair Lending laws (ECOA/Reg B, HMDA), UDAAP, Regulation E, and applicable regulatory guidance, familiarity with MRM frameworks (SR 11-7 or OCC equivalent), including documentation and governance expectations for automated decisioning models used in credit and customer management, experience with statistical fair lending testing methodologies (regression analysis, matched-pair analysis, marginal effects analysis), CRCM strongly preferred; candidates without the designation should have a clear path to certification or a comparable advanced compliance credential (e.g., CAMS, CCEP), strong analytical skills, including ability to interpret data, identify trends, and assess risk across multiple products and channels, excellent written and verbal communication skills, with the ability to present complex topics to leadership, proven ability to operate independently, manage multiple priorities, and influence cross-functional stakeholders, high level of integrity, professionalism, and attention to detail

Physical Demands and Work Environment: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions. While performing the duties of this position, the employee is regularly required to speak or hear. The employee frequently is required to use hands or fingers, handle or feel objects, tools, or controls. The employee is occasionally required to stand, walk, sit, and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.

Grand Bank offers a competitive salary along with the following benefits: 401(k) and Profit Sharing, Health Insurance, Dental Coverage Plan, Vision Coverage Plan, Disability Insurance, Life Insurance, Paid Time Off, Community Service PTO Match (Bank approved), Tuition Reimbursement, Incentive Eligible

Job Type: Full-time Location: Wilmington, DE or Hattiesburg, MS Pay: Based on education and experience. Salary plus eligibility for leadership bonus.

About Grand Bank for Savings, FSB: Grand Bank is exploding with growth and on the fast track to becoming a leader in providing affordable, innovative financial products to our customers throughout the U.S. Our mission is to deliver cost-effective financial tools to give our customers better ways to borrow, spend, and save. We thrive on creating solutions to help our customers live healthier financial lives and improve their relationship with money. From saving for retirement to buying their first home, whatever stage of life they are in, we are with them every step of the way.

We offer competitive salaries, advancement opportunities, and a comprehensive benefits package. Join our team today!