Job Overview:
This position is responsible for developing, managing, and advancing the Fair Lending Risk-Based (FRB) Program by leading a team to execute compliance initiatives. The role requires broad experience in Fair Lending and FRB, with a strong focus on applying laws and regulations using advanced statistical and analytical tools. The Director of Compliance will design and oversee a comprehensive FRB Analytics program, focusing on compliance testing related to Fair Lending, UDAAP, HMDA, CRA, and other regulatory expectations.

The successful candidate will be responsible for communicating results clearly to a variety of audiences, including the Board of Directors, Executives, and Regulators, while ensuring high-quality reporting and deliverables.

Responsibilities:

• Lead a team of compliance professionals to manage compliance risk across the organization.
• Provide strategic guidance to business leaders on compliance risks.
• Conduct compliance risk assessments and monitor business units' compliance risk controls.
• Identify and address risks and issues, ensuring timely resolution.
• Develop and maintain policies and procedures to align with regulatory requirements.
• Perform or oversee statistical analysis, communicating results and actionable recommendations.
• Prepare reports and deliver updates to the Board of Directors and other relevant committees.
• Stay current on new and pending regulations and ensure effective change management processes.
• Analyze complex datasets to identify risk trends and develop mitigation strategies.
• Serve as a risk manager, ensuring all activities align with the organization’s risk management program.

Qualifications:

• Bachelor’s degree required; advanced degree preferred.
• 10+ years of related experience, with a focus on compliance and regulatory frameworks.
• Proven management experience in compliance risk management programs.
• In-depth knowledge of federal and state consumer protection laws and banking regulations.
• Strong analytical, communication, and leadership skills.
• Proficient in MS Word, Excel, and PowerPoint.

Preferred Certifications:

• Certified Regulatory Compliance Manager (CRCM) designation preferred.

Role Requirements

• Experience:
• Fair lending background is essential.
• Previous candidates in this role, like the 15-year veteran Fair Lending Officer, underscore the importance of this experience.
• Executive communication skills, as the role involves regular interaction with senior leadership.
• Leadership and Team Structure:
• The position supervises three to four compliance specialists and collaborates with other compliance directors.
• This role reports to the Managing Director of Corporate Compliance and indirectly to higher executives, emphasizing the need for leadership in fair lending initiatives.

Posted On: Tuesday, November 26, 2024