Senior Fair Lending Analyst

Local Government Federal Credit Union; Raleigh (NC); On-site; USD 90,000 - 100,000; Full time

Job summary

A local credit union seeks a Senior Fair Lending Analyst to ensure compliance with federal and state fair lending laws. This role involves conducting in-depth analyses of lending practices, identifying risks, and providing insights to promote equitable lending. The ideal candidate possesses strong analytical skills and experience in fair lending.

Qualifications

• 4-6 years of experience in fair lending compliance.
• Advanced knowledge of fair lending regulations.
• PC proficient including Microsoft Office tools.

Responsibilities

• Conduct fair lending reviews and risk assessments.
• Evaluate lending policies for compliance.
• Monitor changes in fair lending laws.

Skills

Analytical skills

Critical thinking

Communication

Service orientation

Data validation

Education

BA/BS in Business, Finance, Economics, Statistics

Tools

Microsoft Office

Tableau

Job description

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Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and wellbeing of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins.

ABOUT THE POSITION

The Senior Fair Lending Analyst plays a critical role in ensuring the Credit Union's adherence to federal and state fair lending laws and regulations. This individual will be responsible for conducting in-depth analysis of lending practices, identifying potential risks or discriminatory patterns, and providing actionable insights to maintain regulatory compliance and promote equitable lending practices.

NORMAL DAY-TO-DAY WORK

• Conducts detailed fair lending reviews of loan portfolios, underwriting processes, and pricing practices to identify potential disparities or risks.
• Evaluates existing lending policies, procedures, and practices for compliance with fair lending laws and develops and executes robust fair lending testing methodologies
• Prepares reports summarizing review findings, including recommendations for corrective actions and process improvements.
• Maintains detailed records of fair lending reviews, testing, and resolutions.
• Keeps current on changes to fair lending laws, regulations, and enforcement actions to ensure the Credit Union remains compliant.
• Monitors industry trends and emerging risks to proactively address potential compliance issues.
• Works with the Loan Analytics team to perform statistical and qualitative analyses to evaluate lending data for potential risks.
• Oversees the review, validation, and evaluation of HMDA data to ensure accuracy, completeness, and compliance while identifying potential fair lending risks.
• Ensures timely submission of HMDA data to regulatory agencies in accordance or reporting deadlines and serves as a subject matter expert on fair lending and HMDA regulations.
• Acts as a liaison with the Credit Union's Audit Services and Risk and Compliance departments for periodic fair lending audits and compliance reviews.

JOB QUALIFICATIONS

Here are a few qualifications you MUST have to be qualified for this position.

• 4-6 years of experience in fair lending compliance, regulatory risk, and file review.
• BA/BS in Business, Finance, Economics, Statistics, or related field.
• Advanced knowledge of fair lending regulations, including ECOA, FHA, HMDA, and UDAAP.
• Exceptional analytical and critical thinking skills.
• Strong understanding of data validation and reporting processes.
• Excellent verbal, written, telephone and interpersonal communication skills.
• Must possess a strong service orientation.
• PC proficient including Microsoft Office (Word, Excel, PowerPoint, Access, Outlook) and the Internet.
• Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
• Ability to lift a minimum of 25 lbs. (file boxes, computer printer).
• Travel required on occasion.

Here are a few qualifications we'd LIKE for you to have.

• Experience with visual analytics platforms such as Tableau.
• Experience in developing new lending policies, reviewing and enforcing existing policies, ensuring compliance with procedures and guidelines, and recommending policy revisions as needed.

If you have questions about this position description, please feel welcome to ask. You can reach HR at:

Human Resources

3600 Wake Forest Rd, Raleigh, NC 27609

[e-mail]

Requirements:

Description:

OUR CULTURE

Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and wellbeing of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins.

ABOUT THE POSITION

The Senior Fair Lending Analyst plays a critical role in ensuring the Credit Union's adherence to federal and state fair lending laws and regulations. This individual will be responsible for conducting in-depth analysis of lending practices, identifying potential risks or discriminatory patterns, and providing actionable insights to maintain regulatory compliance and promote equitable lending practices.

NORMAL DAY-TO-DAY WORK

Conducts detailed fair lending reviews of loan portfolios, underwriting processes, and pricing practices to identify potential disparities or risks.

Evaluates existing lending policies, procedures, and practices for compliance with fair lending laws and develops and executes robust fair lending testing methodologies

Prepares reports summarizing review findings, including recommendations for corrective actions and process improvements.

Maintains detailed records of fair lending reviews, testing, and resolutions.

Keeps current on changes to fair lending laws, regulations, and enforcement actions to ensure the Credit Union remains compliant.

Monitors industry trends and emerging risks to proactively address potential compliance issues.

Works with the Loan Analytics team to perform statistical and qualitative analyses to evaluate lending data for potential risks.

Oversees the review, validation, and evaluation of HMDA data to ensure accuracy, completeness, and compliance while identifying potential fair lending risks.

Ensures timely submission of HMDA data to regulatory agencies in accordance or reporting deadlines and serves as a subject matter expert on fair lending and HMDA regulations.

Acts as a liaison with the Credit Union's Audit Services and Risk and Compliance departments for periodic fair lending audits and compliance reviews.

JOB QUALIFICATIONS

Here are a few qualifications you MUST have to be qualified for this position.

4-6 years of experience in fair lending compliance, regulatory risk, and file review.

BA/BS in Business, Finance, Economics, Statistics, or related field.

Advanced knowledge of fair lending regulations, including ECOA, FHA, HMDA, and UDAAP.

Exceptional analytical and critical thinking skills.

Strong understanding of data validation and reporting processes.

Excellent verbal, written, telephone and interpersonal communication skills.

Must possess a strong service orientation.

PC proficient including Microsoft Office (Word, Excel, PowerPoint, Access, Outlook) and the Internet.

Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.

Ability to lift a minimum of 25 lbs. (file boxes, computer printer).

Travel required on occasion.

Here are a few qualifications we'd LIKE for you to have.

Experience with visual analytics platforms such as Tableau.

Experience in developing new lending policies, reviewing and enforcing existing policies, ensuring compliance with procedures and guidelines, and recommending policy revisions as needed.

If you have questions about this position description, please feel welcome to ask. You can reach HR at:

Human Resources

3600 Wake Forest Rd, Raleigh, NC 27609

[e-mail]

Requirements:

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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