Senior Fair Lending Analyst
Senior Fair Lending Analyst
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Job Description
OUR CULTURE
Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and wellbeing of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end we recruit bright energetic and talented people to be members of our team. In return we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity selfawareness courage and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed our community wins.
ABOUT THE POSITION
The Senior Fair Lending Analyst plays a critical role in ensuring the Credit Unions adherence to federal and state fair lending laws and regulations. This individual will be responsible for conducting indepth analysis of lending practices identifying potential risks or discriminatory patterns and providing actionable insights to maintain regulatory compliance and promote equitable lending practices.
NORMAL DAYTODAY WORK
- Conducts detailed fair lending reviews of loan portfolios underwriting processes and pricing practices to identify potential disparities or risks.
- Evaluates existing lending policies procedures and practices for compliance with fair lending laws and develops and executes robust fair lending testing methodologies
- Prepares reports summarizing review findings including recommendations for corrective actions and process improvements.
- Maintains detailed records of fair lending reviews testing and resolutions.
- Keeps current on changes to fair lending laws regulations and enforcement actions to ensure the Credit Union remains compliant.
- Monitors industry trends and emerging risks to proactively address potential compliance issues.
- Works with the Loan Analytics team to perform statistical and qualitative analyses to evaluate lending data for potential risks.
- Oversees the review validation and evaluation of HMDA data to ensure accuracy completeness and compliance while identifying potential fair lending risks.
- Ensures timely submission of HMDA data to regulatory agencies in accordance or reporting deadlines and serves as a subject matter expert on fair lending and HMDA regulations.
- Acts as a liaison with the Credit Unions Audit Services and Risk and Compliance departments for periodic fair lending audits and compliance reviews.
JOB QUALIFICATIONS
Here are a few qualifications you MUST have to be qualified for this position.
- 46 years of experience in fair lending compliance regulatory risk and file review.
- BA/BS in Business Finance Economics Statistics or related field.
- Advanced knowledge of fair lending regulations including ECOA FHA HMDA and UDAAP.
- Exceptional analytical and critical thinking skills.
- Strong understanding of data validation and reporting processes.
- Excellent verbal written telephone and interpersonal communication skills.
- Must possess a strong service orientation.
- PC proficient including Microsoft Office (Word Excel PowerPoint Access Outlook) and the Internet.
- Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC copier telephone etc.
- Ability to lift a minimum of 25 lbs. (file boxes computer printer).
- Travel required on occasion.
Here are a few qualifications wed LIKE for you to have.
- Experience with visual analytics platforms such as Tableau.
- Experience in developing new lending policies reviewing and enforcing existing policies ensuring compliance with procedures and guidelines and recommending policy revisions as needed.
If you have questions about this position description please feel welcome to ask. You can reach HR at:
Human Resources
3600 Wake Forest Rd Raleigh NC 27609
Required Experience:
Senior IC
Employment Type
Full-Time
