A growing bank is looking to add a Fair Lending Officer to their team! While reporting to the CCO, this role is responsible for developing, implementing, and administering all aspects of the Bank's Fair Lending including various lending product lines. This role sits 5 days in office in Wichita, KS.
Responsibilities:
- Supervising the Bank's Fair Lending Policy and Program across the organization, acting as the primary contact for fair lending and banking matters. This involves liaising with Board members, senior leadership, and external auditors/regulators.
- Establishing and executing monitoring procedures for the Fair Lending Program, including the assessment and testing of fair lending issues, procedures, standards, pricing, policies, etc.
- Conduct fair lending risk assessments and necessary documentation using the Bank's fair lending analytics and GRC software.
- Oversee the evaluation of credit risk, marketing strategies, and pricing models in different lending sectors to ensure they are devoid of discriminatory practices.
- Ensure organization-wide adherence to Regulation B, the Fair Housing Act, UDAAP, fair lending laws, etc.
- Forumlate training and guidance to Bank staff on fair lending principles and policies, with a specific focus on various lending products.
- Assisting the Chief Compliance Officer and Community Reinvestment Act (CRA) Officer in addressing emerging compliance issues and providing consultation and direction in establishing controls to mitigate risks.
Qualifications
- Bachelor's degree in law, finance, business administration, or a related field
- 5+ years in a compliance role with subject matter expertise in fair lending
- CRCM certification is a plus
- Comprehensive understanding of fair lending laws including Regulation B, HMDA, Fair Housing Act, UDAAP, and state fair lending laws
- Experience implementing or significantly contributing to a fair lending program (or equivalent), with specific experience in mortgage, auto, personal, and/or retail credit lending.
- CRA Wiz (or other fair lending analytic software) preferred
