Premier Bank
CRA Fair Banking Compliance Analyst (Finance)
Position Title: CRA/Fair Banking Compliance Analyst
Department: Risk Management
Position Reports to: Director of Community Reinvestment/Fair Banking
Position Supervises: No Direct Reports
Position Summary:
The CRA/Fair Banking Compliance Analyst uses a combination of compliance monitoring reviews, data analytics and statistical analyses related to the CRA and Fair Banking program to proactively identify compliance risks or gaps in controls and recommend corrective action. The role is responsible to provide research and analytical support; communicate compliance deficiencies and potential problems to management and staff; coordinate with and provide assistance to management in developing and implementing corrective action to resolve identified problems. This position is responsible for ensuring compliance with all record-keeping and reporting requirements of the Community Reinvestment Act and fair banking laws, including HMDA, ECOA, FHA, UDAAP and other regulations as applicable.
Duties and Responsibilities:
• Monitor and assess legislative and regulatory changes to ensure that appropriate personnel are informed and changes are made as necessary to Premier's policies and procedures to comply with regulatory requirements, specifically those related to CRA, Fair Lending, HMDA, and UDAAP.
• Assist in establishing annual CRA and Fair Lending goals that must be achieved in order to attain the desired ratings. On an ongoing basis, compile, monitor, and report upon the bank's performance in achieving said goals.
• Participate in ongoing compliance risk assessments based on lines of business and by CRA and Fair Banking regulations; identify acceptable level of compliance risk and corresponding controls; identify and provide solutions to address gaps in controls, mitigate compliance risks, and enhance compliance training.
• Collaborate with the applicable department or functional manager in the development and review of Premier's policies and procedures to ensure compliance with applicable federal and state laws and regulations related to CRA and Fair Banking and with actual operating practices.
• Participate in new product development to ensure compliance with CRA and Fair Banking regulations.
• Perform a review of certain marketing materials before they are placed to ensure compliance with fair banking standards.
• Ensure prompt and adequate responses to all complaints related to consumer laws and regulations. Ensure ongoing monitoring of consumer complaints received by the bank to ensure timely and appropriate escalation of higher risk complaints that may signal a systemic or material issue. Prepare and present periodic analysis and reports of consumer complaints.
• Support Premier's CRA and Fair Banking compliance program by reviewing, and analyzing CRA and HMDA lending data and CRA community development loans, services and investments; monitoring Premier's special lending programs to ensure that goals and objectives are met; assisting in the development of sound programs designed to meet the credit and housing needs of Premier's communities; updating the CRA public file and performing other administrative tasks.
• Perform fair lending reviews, analyses and testing, including comparative file reviews, underwriting, redlining, and pricing, as applicable
• Perform UDAAP compliance program reviews and testing
• Prepare quality performance metric reports on fair lending for management and lending teams. Provide recommendations regarding opportunities for improvement, areas of concern, etc. Identify and track appropriate KRIs/KPIs to assist the organization with understanding its fair lending profile and performance.
• Assists in the administration of state and federal regulator CRA and fair lending audits or examinations and reviews; assists with responses; ensures deficiencies are addressed and corrective actions are effective and validated.
• Assist with preparing and presenting periodic reports to the Compliance Committee concerning Premier's ongoing compliance with CRA and Fair Banking regulations.
• Remain current and knowledgeable on all banking compliance and regulatory issues. Attend seminars, workshops, and various trainings as necessary to maintain and further expand compliance expertise.
Remote opportunity, with candidate willing to work within footprint, as needed.
Education, Certification, License and Experience:
• Bachelor's degree in a related field or an equivalent combination of education and experience, required. Seven (7) years or more years' experience in banking or financial services with three or more years' experience with CRA and/or Fair Lending, preferably with federal regulator and/or large institution.
• Industry certification in compliance/risk management (CRCM) preferred.
• Strong foundation and business experience of compliance regulations specifically related to lending areas of a financial institution including, but not limited to, Fair Lending, MLA, SCRA, HMDA, SAFE Act, Reg. O, TILA, RESPA, CRA, FCRA, Flood Insurance Regulations, UDAAP, and industry trends and "best practices".
• Prior experience with CRA and Fair Lending Analysis required, including reporting and presentment. Experience with CRA/HMDA and Fair Lending software (CRA Wiz, Fair Lending WIZ, Risk Exec, Fair Lending Magic, Lending patterns, Comply) desired.
Skills and Knowledge:
• Extensive working knowledge of consumer banking regulations and laws. General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
• Responsible for knowing and ensuring compliance with applicable laws, regulations and guidelines, as detailed in policies that include but are not limited to Bank Secrecy Act and other applicable anti-money-laundering rules, Fair Lending, Community Reinvestment Act, Gramm-Leach-Bliley Act, and other laws and regulations as they pertain to the position.
• Strong communication (written and verbal) and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
• Ability to interact and communicate effectively with all levels of management, legal counsel, regulators and examiners while maintaining strict confidentiality.
• Ability to research and analyze regulatory compliance issues, communicate requirements as they relate to the organization, and develop effective compliance policies, procedures, references, and training.
• Ability to work in a fast paced environment and positively adapt to routine changes while maintaining high performance standards.
• Strong decision-making, analytical and investigative abilities with attention to detail and accuracy.
• Proficient in Microsoft Office Suite (Word, Excel); core systems; use of specific software.
Work Environment:
This job operates in a professional office environment. Work is normally performed in a typical interior work environment or remotely which does not subject the employee to any hazardous or unpleasant elements.
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to speak or hear, stand or sit for long periods of time, open filing cabinets, walk, stoop or bend, use hands to handle or feel and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds, occasionally lift and/or move up to 25 pounds and complete tasks requiring manual dexterity. Ability to drive a vehicle for travel is required for the position.
Premier Financial Corp. is an Affirmative Action and Equal Opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any other legally protected status.
The above statements are intended to describe the essential functions of the job and the qualifications of the person assigned to it. They are not intended as an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description does not constitute a contract of employment. Employment is “at will” and may be terminated at any time.
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Premier Bank