Fair Lending Investigator

Northwest Bank; Warren (Warren County); On-site; USD 70,000 - 110,000; Full time

Job summary

Northwest Bank seeks a Fair Lending Investigator to develop, manage, and conduct enterprise risk assessments with a UDAPP and minority lending focus. You will consult with business units to ensure regulatory risk assessments are effective and aligned with enterprise objectives.

The role requires a Bachelor’s in business management (or equivalent on‑the‑job training), 3–5 years of compliance experience, and CRCM certification.

Qualifications

• Bachelor's Degree in business management preferred or equivalent on the job training.
• 3-5 years of associated compliance business related experience.
• CRCM certification or professional equivalent (required or preferred).

Responsibilities

• Analyze UDAAP compliance risks and fair lending compliance risks.
• Develop risk assessments to meet strategic goals and relationships with compliance staff.
• Prepare monitoring reports and management reports on regulatory compliance performance.

Skills

Effective communication

Active listening

Decision making

Time management

Team collaboration

Education

Bachelor's Degree in business management

Equivalent on the job training

Tools

Microsoft Office

Regulatory compliance software

Job description

Job Description

The Fair Lending Investigator is responsible to develop, manage, and conduct enterprise and business unit risk assessments with a UDAPP and minority lending focus. The Fair Lending Investigator is also responsible to consult with business units to help maintain appropriate regulatory risk assessment procedures.

PA0736 Administration Center

Essential Functions

• Analyze UDAAP compliance risks and fair lending compliance risks
• Determine appropriate controls to mitigate UDAAP risks, and to mitigate fair lending risks
• Develop risk assessments to meet strategic goals of Northwest and business units, and relationships with business units compliance staff
• Prepare strategy with business unit to develop and maintain appropriate compliance controls
• Manage business units' risk assessments to assure appropriate compliance testing and monitoring
• Maintain "culture of compliance" with business unit
• Prepare reports for compliance management staff that monitor Northwest's current level of regulatory compliance performance, and analyze monitoring reports regarding Northwest's regulatory compliance requirements
• Assist compliance management in preparing for regulatory compliance performance examinations with regulators
• Identify training weaknesses in our staff's regulatory compliance knowledge
• Perform the monitoring requirements of Northwest's annual compliance program
• Oversee business unit compliance staff's risk assessments
• Consult with business unit to improve compliance management
• Interpret regulatory laws to identify gaps in Northwest's or affiliates' compliance management processes or procedures
• Manage business units' compliance risk assessments
• Ensure document and data integrity, and compliance within subsidiaries and affiliates
• Prepare management reports
• Develop tools and processes that enhance compliance efficiency
• Identify and resolve compliance issues
• Communicate regulatory risk to Chief Compliance/Fair Banking Officer, Fair and Responsible Banking Officer and Fair Lending Manager, and to business unit's compliance staff
• Maintain a high level of regulatory compliance expertise
• Promptly answer questions and provide guidance to business unit
• Perform monitoring reports on schedule
• Identify issues that require further analysis
• Present relevant findings to Chief Compliance/Fair Banking Officer, Fair and Responsible Banking Officer and Fair Lending Manager, and final report to business unit manager
• Follow-up on corrective issues
• Analyze business units' risk assessments for accuracy
• Appraise adequacy of corrective actions
• Summarize results and findings
• Prepare monitoring reports
• Maintain work papers and samples
• Research and improve report data
• Recommend improvements to procedures
• Maximize technology tools available and benefits to Northwest
• Minimize departmental non-payroll costs and risk

Additional Essential Functions

• Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

What You Bring To The Team

• Complete special projects as assigned

Safety and Health for those without supervisory duties

• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor's Degree in business management preferred or equivalent on the job training

Work Experience

General audit experience background

3 - 5 years associated compliance business related experience

General Employee Knowledge, Skills, And Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills And Abilities

• In-depth knowledge of consumer regulatory laws and regulations Working
• Excellent written and oral communication skills
• Strong presentation skills
• Logically and operationally minded with special attention to identifying risk
• Ability to work in a fast paces environment, prioritize a complex workload, adapt to interruptions, and meet deadlines

Licenses and Certifications

CRCM certification or professional equivalent.

Additional Licenses And Certifications

If an individual has 3+ years of experience within a compliance role within the Company when being placed in this position, he or she will have 3 months to acquire their CRCM certification.

New hires or individuals with less than 3 years of experience will have up to 39 months within a compliance role within the Company to acquire their CRCM certification.

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.