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.

• 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

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

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