Fair Lending Compliance Officer

Madison-Davis, LLC; Mantua Township (NJ); On-site; USD 80,000 - 130,000; Full time

Job summary

A well-established bank in Mantua, NJ is seeking a Fair Lending Compliance Officer to lead compliance efforts and ensure regulatory alignment. The ideal candidate will manage the Fair Lending Compliance Program, collaborate with management on risk assessment, and develop compliance plans. This full-time position offers a salary range of $80,000 to $130,000 annually with a focus on ethical compliance within the organization.

Qualifications

• Experience in Fair Lending Compliance and regulatory adherence.
• Strong risk management and analytical skills.
• Excellent communication and leadership skills.

Responsibilities

• Lead the bank’s Fair Lending Compliance Program.
• Collaborate with senior management to assess Fair Lending risk.
• Develop compliance plans and conduct regular reviews.

Job description

Overview

A well-established, community-focused bank in their search for a "Fair Lending Compliance Officer" for a full-time, in-office role located in Mantua, NJ. This is a critical role responsible for leading the bank’s Fair Lending Compliance efforts and ensuring alignment with regulatory requirements.

Base pay range

$80,000.00/yr - $130,000.00/yr

Responsibilities

• Lead and manage the bank’s Fair Lending Compliance Program, ensuring it is risk-based and tailored to the institution’s size and complexity.
• Collaborate with senior management to assess and mitigate Fair Lending risk across the organization.
• Develop and implement annual compliance plans and monitoring schedules.
• Conduct regular reviews of underwriting, pricing, marketing practices, redlining, and exceptions; ensure proper documentation and remediation.
• Prepare detailed reports and quarterly updates for the Board of Directors.
• Coordinate with the CRA Officer and other internal stakeholders to support lending risk initiatives.
• Oversee Fair Lending training programs for employees, management, and the Board.
• Support internal audits and regulatory examinations, including preparation, response, and follow-up.
• Maintain and update Fair Lending policies and procedures in accordance with regulatory changes.
• Evaluate the compliance impact of new or modified lending products, services, marketing strategies, and third-party partnerships.
• Stay informed of changes to Fair Lending regulations (ECOA, FHA, etc.) and ensure timely implementation across relevant departments.
• Promote a strong culture of compliance and ethical standards throughout the bank.

Seniority

• Associate

Employment type

• Full-time

Job function

• Finance

Industries

• Financial Services and Banking