Fair Banking Director

  • Parsippany
  • Partnership Employment
Bank in NJ is looking to hire in their compliance department.<br><br>Responsibilities Include:<br>&bull; Own and maintain the enterprise-wide UDAAP Program, SCRA/MLA Policy, and ADA Policy.<br>&bull; Set fair lending priorities for the bank along with LOB Leadership and manage the Fair Banking program and present accurate reporting - results to Board Risk Committee.<br>&bull; Assess fair banking/lending risks by preparing periodic fair banking/lending risk assessments of the bank and applicable business units.<br>&bull; Provide strategic leadership in monitoring the Bank's Banking Program specifically oversight of fair lending and UDAAP risk programs.<br>&bull; Analyze Bank's Fair Banking Program performance. Monitor and test program elements for evidence of Redlining, Steering,<br>&bull; Discrimination, Unfair, deceptive, or abusive acts or practices.<br>&bull; Develop and conduct fair banking training to meet individual business unit and corporate requirements in conjunction with the Learning and Development Department.<br>&bull; Provide regulatory oversight and guidance for the Home Mortgage Disclosure Act (HMDA) data collection.<br>&bull; Oversee new and existing vendor risk assessments.<br>&bull; Manage exam requirements including requested exam material and oversee Fair Lending Examinations conducted by the CFPB and OCC as well as Internal Audit.<br>&bull; Administer and oversee fair lending statistical reviews and understand results.<br>&bull; Assess residual compliance risk and document findings related to vulnerabilities. Create and develop action plans with appropriate measures to lower residual risk to an acceptable level.<br>&bull; Perform fair lending due diligence for mergers and acquisitions.<br>&bull; Assist and oversee the execution of quarterly/annual risk assessments (including fair lending) in the GRC system and manage and maintain regulatory compliance content.<br>&bull; Review advertising and marketing of the bank and all communications to the public to ensure compliance with applicable laws and regulations.<br>&bull; Monitor regulatory developments, research and trends and assist the CCO in taking appropriate action to ensure the bank complies with new or amended regulations.<br>&bull; Participation in committees and lead sub-committees on Fair Lending and UDAAP as warranted.<br>&bull; Maintain strong industry network and participate in industry organizations.