Fair Lending Compliance Officer

🕒 July 2

🌵 Arizona, Missouri – Remote

🌵 Arizona – Remote 🏰 Missouri – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🚔 Compliance

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Enterprise Bank & Trust

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

🛡️ Insurance

💼 Consulting

🏦 Banking

Insurance • Consulting • Banking

Enterprise Bank & Trust is committed to guiding individuals and businesses towards financial success, emphasizing personal service, community investment, and a strong corporate culture. They specialize in a wide range of banking and financial services, including wealth management, commercial lending, treasury management, home loans, and private banking, aiming to empower clients to secure their financial futures and improve business success.

📋 Description

• Analytical knowledge of fair lending approaches and technical skills of statistical and data management tools • Design, assess and/or execute statistical models to evaluate fair lending risk across various credit products (mortgage, commercial lending, small business lending, and credit cards, etc.) • Conduct UDAAP analysis (lending and non-lending products/services), and fair lending analysis including Underwriting and Pricing regression, Redlining, and Peer identification, data extraction (via FFIEC website or other), data mining/analyses, etc.; assessment of initial data results; selection criteria for respective matched pair sample size and files for review; and, evaluation for potential unfair discrimination or other fair lending disparities/impact • Assess potential areas of concern in Redlining analysis via review of multiple sources of data and consider what may be contributing to root cause(s) • Performing comprehensive annual and/or periodic Fair Lending risk assessments, determine respective risk rating(s) with supporting/documented rationale, direction of risk, propose corrective actions, etc.; as well as, identifying activity that could cause potential financial harm to customers • Work with the Director of Community Development to monitor the Bank’s CRA performance • Coordinate, document and review CRA lending performance • Periodic review of Bank's assessment area to ensure reasonableness of the delineation. Ensure compliance with the CRA data collection, reporting, and disclosure requirements. • Maintain relevant CRA reports and files, including data and documentation. • Provide CRA and fair lending training to employees and management as needed. • Analyze current demographic data, determine the appropriateness of existing products and services, and recommend changes to management where necessary. • Analyze and document components of the lending test utilizing CRA software (as well as other technical resources) to track CRA performance and present reports to management. • Make recommendations to improve the Bank's CRA position in the community. • Review new products and services to ensure they are designed to meet the needs of the community. • Review lending products to ensure they represent safe and sound credit programs, while adequately designed to meet the needs of low or moderate income individuals or neighborhoods. • Respond To Internal And External Audits and assist with regulatory examinations • Responsible for handling verbal or written CRA and fair lending related complaint(s) and assisting in issuing a response to the complaint.

🎯 Requirements

• Bachelor degree from a 4 year college or university required • Minimum of 6-8 years' of financial institution consumer compliance experience, including specific experience in fair lending • Five (5)-Seven (7) years of experience with risk management and/or Community Reinvestment Act responsibilities, preferably at a large financial institution • Knowledge of CRA and Fair Lending laws and regulations • Strong organizational skills, with a demonstrated ability to meet deadlines while working with little or no supervision • Highly proficient in time management, planning and prioritization • Excellent analytical skills, demonstrated skills in critical thinking, attention to detail, and problem-solving • Excellent verbal and written communication skills, and ability to interface effectively with senior management • Ability to work in a fast-paced, changing environment • Strong interpersonal skills in dealing with external groups and/or organizations with the ability to communicate with a wide range of individuals in a diverse community • Strong ethics and the ability to maintain a high degree of confidentiality • Effectively influences without authority and leads change by building trust and credibility

🏖️ Benefits

• annual paid volunteer time off • charitable-matching opportunities