Compliance Fair Lending Specialist

Hancock Whitney; New Orleans (LA); On-site; USD 65,000 - 90,000; Full time

Job summary

Hancock Whitney is seeking a Compliance Fair Lending Specialist to support the Fair and Responsible Banking program. You will monitor compliance with CRA and fair lending laws, review HMDA data, and assist with CRA-related compliance efforts to minimize risk and ensure accurate disclosures.

The role includes analyzing loan data for disparities, preparing memos, updating policies, and coordinating with legal and operations to implement remediation strategies and training as needed.

Qualifications

• Experience ensuring CRA and fair lending compliance.
• Ability to analyze data to identify disparities in lending.
• Experience interpreting HMDA data.
• Knowledge of home mortgage disclosure laws and reporting requirements.
• Familiarity with regulatory reporting processes and documentation.

Responsibilities

• Provide first-line guidance to lines of business to ensure CRA and fair lending compliance.
• Perform monitoring reviews of loan data to identify fair lending issues.
• Maintain records of monitoring activities and prepare compliance memos.
• Update policies, procedures, and training materials related to fair banking.
• Assist with regulatory training and inquiries related to CRA and fair lending.
• Coordinate with legal and operating departments on compliant product offerings and remediation strategies.
• Stay current on changes to federal and state banking laws affecting CRA and fair lending.

Skills

Compliance monitoring

Fair lending regulations

Data analysis

CRA compliance

HMDA data interpretation

Regulatory reporting

Tools

Regulatory reporting software

Job description

The Compliance Fair Lending Specialist works with the Fair and Responsible Banking Senior Manager to support and maintain an effective Fair and Responsible Banking compliance program. Key responsibilities include ensuring regulatory compliance with applicable fair banking laws through regular compliance monitoring, verifying that bank's policies and procedures align with fair banking laws, and providing data analytical support by reviewing and interpreting Home Mortgage Disclosure Act data and assisting with CRA-related compliance efforts.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Provides first-line guidance and oversight to lines of business, relative to compliance with applicable CRA and fair lending laws, rules, and regulations. Performs monitoring reviews across relevant areas of the Bank for fair banking procedures relative to the respective regulations by analyzing loan data and other relevant information to identify potential fair lending issues and trends related to discrimination or control deficiencies. Maintains records of all monitoring activities related to state and federal fair banking regulations. Prepares compliance memos to inform the appropriate managers of exceptions, violations, or deficiencies. Follows-up on a timely basis with appropriate managers for outstanding findings, comments, etc. Assists in reviewing and updating compliance policies, procedures, manuals, training materials and consumer disclosures related to fair banking. Assists with regulatory compliance training for CRA and Fair Lending topics. Provides support to all areas of the bank by researching and responding to fair banking compliance related inquiries or issues. Attends compliance, bank-related meetings, seminars and any other training sessions necessary to become proficient in compliance related areas. Assists in establishment of policies, procedures and practices in compliance with laws and regulations. Stays current on changes to federal and state banking laws and regulations affecting the management, operations and product offerings of the establishment, with emphasis on CRA, HMDA, SCRA, MLA, ECOA and Fair Lending. Coordinates with legal counsel and operating departments to ensure adherence to fair banking laws and regulations relating to new or revised products and services offerings. Coordinates, supervises and supports establishment's compliance-related programs, such as compliance training, compliance testing and reporting and records, with focus on deposit or lending regulations. Reviews HMDA and loan data to identify potential disparities. Conduct fair lending risk assessments, gap analyses, evaluations of models that impact customers to identify and address control gaps. Including, analyzes complaint trends for regulatory concerns. Inputs compliance-related data into internal systems and runs reports to support monitoring, analysis, and regulatory reporting. Supports the development of effective remediation strategies. Informs and advises management of conditions and status of establishment adherence to laws and regulations. Consults with and advises operating units and managers (including third-party partners) affected by compliance issues and regulatory requirements, using data analysis to support observations and recommendations.

SUPERVISORY RESPONSIBILITIES:

None