Risk Specialist I - Small Business Lending

First Horizon Bank; Memphis (TN); On-site; USD 52,000 - 76,000; Full time

Benefits offered by this job

Medical with wellness incentives

HSA with company match

Maternity and parental leave

Tuition reimbursement

401(k) with 6% match

Job summary

First Horizon Bank in Memphis, TN seeks a Risk Specialist I to perform validation of CRA Small Business/Small Farm LAR and 1071 LAR data collection, supporting compliance and risk management through accurate data handling and regulatory adherence.

You will validate entries, review loan files for accuracy, document discrepancies, update procedures, and collaborate with compliance teams to remediate issues and prepare management reports. A bachelor’s degree and banking exposure are preferred.

Qualifications

• Bachelor's degree required.
• 0+ years of banking experience or equivalent.
• Strong attention to detail and organizational skills.
• Familiarity with CRA regulations and Section 1071 of the Dodd-Frank Act.
• Ability to review and interpret loan documents and regulatory guidelines.
• Proficiency with Excel and Word; compliance systems/databases.

Responsibilities

• Perform routine and targeted validation of data in the CRA Small Business/Small Farm LAR and 1071 LAR.
• Review loan files and supporting documentation for accuracy (amounts, demographics, geographic data).
• Identify discrepancies, document findings, and communicate issues for resolution.
• Maintain up-to-date LAR validation procedures per CRA and 1071 changes.
• Collaborate with compliance and risk teams to remediate issues and implement corrective actions.
• Prepare reports and summaries on validation results for management, auditors, and regulators.

Skills

Attention to detail

Organizational skills

Effective communication

Discretion / confidentiality

Regulatory data review

Education

Bachelor's degree

Tools

Microsoft Office Suite

Job description

SUMMARY

The Risk Specialist I is responsible for executing validation procedures for the CRA (Community Reinvestment Act) Small Business/Small Farm Loan Application Register (LAR) and the 1071 LAR (Section 1071 of the Dodd-Frank Act – data collection on small business lending). This position supports compliance efforts and risk management by ensuring data accuracy, integrity, and adherence to regulatory requirements.

• Perform routine and targeted validation of data entered in the CRA Small Business/Small Farm LAR and the 1071 LAR, ensuring completeness and accuracy.
• Review loan files and supporting documentation to verify reported information, including loan amounts, client demographics, and geographic data.
• Identify data discrepancies or potential errors, document findings, and communicate issues to relevant associates for resolution.
• Assist in maintaining up-to-date procedures for LAR validation in accordance with changes in CRA and 1071 regulations and internal policies.
• Collaborate with compliance and risk management teams to ensure timely remediation of identified issues and implementation of corrective actions.
• Support the preparation of reports and summaries on validation results for management, auditors, and regulators.
• Stay current on changes to CRA, 1071, and other relevant regulations to ensure accurate validation and compliance.
• Performs other related duties as required

Job Description

The Risk Specialist I is responsible for executing validation procedures for the CRA (Community Reinvestment Act) Small Business/Small Farm Loan Application Register (LAR) and the 1071 LAR (Section 1071 of the Dodd-Frank Act – data collection on small business lending). This position supports compliance efforts and risk management by ensuring data accuracy, integrity, and adherence to regulatory requirements.

Essential Duties And Responsibilities

• Perform routine and targeted validation of data entered in the CRA Small Business/Small Farm LAR and the 1071 LAR, ensuring completeness and accuracy.
• Review loan files and supporting documentation to verify reported information, including loan amounts, client demographics, and geographic data.
• Identify data discrepancies or potential errors, document findings, and communicate issues to relevant associates for resolution.
• Assist in maintaining up-to-date procedures for LAR validation in accordance with changes in CRA and 1071 regulations and internal policies.
• Collaborate with compliance and risk management teams to ensure timely remediation of identified issues and implementation of corrective actions.
• Support the preparation of reports and summaries on validation results for management, auditors, and regulators.
• Stay current on changes to CRA, 1071, and other relevant regulations to ensure accurate validation and compliance.
• Performs other related duties as required

SUPERVISORY RESPONSIBILITIES

• No supervisory responsibilities

QUALIFICATIONS

• Bachelor (4-year college) degree
• 0+ years of Banking experience or equivalent combination of education and experience
• Strong attention to detail and organizational skills.
• Familiarity with CRA regulations, Section 1071 of the Dodd-Frank Act, and knowledge of LAR data reporting requirements.
• Ability to review and interpret loan documentation and regulatory guidelines.
• Proficiency with common PC software (Excel, Word, compliance systems/databases).
• Effective communication skills to interact with associates at all levels and provide excellent client service.
• Ability to handle confidential information with discretion.

COMPUTER AND OFFICE EQUIPMENT SKILLS

• Microsoft Office suite

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

Benefit Highlights

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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