Sr Compliance Mngr-Fair & Responsible Banking

Purpose: Reporting to the Senior Compliance Officer – Fair and Responsible Banking, the Senior Compliance Manager will support the development, implementation, administration of all aspects of the Bank’s Fair Lending program by working with the appropriate internal and external individuals, groups, or business lines to achieve continuous improvement to and ongoing success of the Fair and Responsible Banking Program. The successful candidate will be responsible for:

• Execution of the Bank’s Compliance Management Program relative to Fair and Responsible Banking including: Complaint Management, Fair Lending Risk Assessment, Testing and Monitoring, Regulatory Change Management, Regulatory Exam Management, and Compliance Training administration
• Serving as a compliance subject matter expert in all applicable state and federal laws and regulations, including, but not limited to Equal Credit Opportunity Act, Fair Housing Act, Home Mortgage Disclosure Act, Servicemembers Civil Relief Act, Military Lending Act, Regulation O, and the portions of Dodd- Frank relating to fair lending and Unfair, Deceptive, or Abusive Acts or Practices.
• Ensures that Bank policies and procedures are compliant with ever changing laws and regulations and Bank products and services

Essential Functions:

• Work collaboratively with business lines to identify and mitigate Fair Lending risk across the Bank, including updating policies and procedures, preparing written reports, and providing day to day support for the Banks business lines.
• Perform applicable risk assessments, analysis, testing and monitoring program in accordance with the Compliance Management and Fair and Responsible Banking Programs.
• Work with business lines to ensure Fair Lending risk reporting tools, including key risk indicators, are properly captured and reported.
• Provide timely, proactive, and strategic compliance support and oversight, leadership and guidance in compliance with company policies and procedures and applicable laws and regulations.
• Review complaints and related reporting for Fair Lending root cause analysis and trends.
• Provide support for regulatory matters, regulatory exams, and internal and external audits.
• Submission of the Home Mortgage Disclosure Act Loan Application Register.
• Work with the Senior Compliance Officer – Fair Lending Analytics to produce Fair Lending Reporting for business lines.
• 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).
• Review credit policies/procedures, loan operations processes, loan pricing, new and modified lending products, business changes, and services performed by third party vendors to proactively identify any Fair Lending issues.
• Review marketing initiatives, to include evaluation of targeted marketing criteria, associated data and holistic marketing strategies for potential fair banking concerns, unfair discrimination, and fair and equal access to credit.
• Responds to Business Unit inquiries regarding the proper application of compliance related rules, regulations and requirements.
• Assists with and participates in the provision of periodic compliance training on banking laws and regulations, policies, and procedures.
• Assists in the management of corrective actions in response to findings and weaknesses identified during the examination and audit processes.
• Assists with new product development to ensure compliance with fair lending legal and regulatory requirements.
• Researches federal and state banking laws and regulations, reviews the financial institution’s policies and procedures, and ensures financial institution compliance with laws and regulations.
• Maintains current expertise of the requirements of various consumer protection and disclosure laws and regulations that apply to the Bank and serves as a regulatory resource for officers and employees.
• May also provide support to one or more specialty areas as necessary, such as: HMDA Monitoring, testing, data collection and reporting; participation with marketing and advertising personnel to review and approve customer and public facing marketing and advertising messages; oversees the prompt and thorough investigation and response to consumer complaints.
• Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Job Related Qualifications:

Required:

• Education: Bachelor’s Degree
• Prior Experience: 3+ years of financial institutions consumer compliance experience, including specific experience in Fair Lending

Competencies:

• In-depth knowledge of federal and state banking /fair lending laws and regulations with proven ability to apply them in a practical setting.
• Knowledge of bank products, lines of business, and operations, with proven experience administering a Fair Lending Program and integrating compliance into the business units.
• Excellent leadership skills with the ability to manage multiple priorities and meet established deadlines, develop and manage staff, and handle vendor relationships effectively and efficiently.
• High ethical standards and ability to maintain a high degree of discretion and confidentiality.
• Strong judgment and analytic ability to identify trends, interpret data, conduct root cause analysis, and apply findings to workflows to deliver accurate, proactive, and strategic guidance and advice.
• Excellent organizational, verbal and written communication skills and ability to interact positively with a wide variety of individuals.
• High degree of self-motivation and ability to make decisions independently.
• Attention to detail and accuracy.
• Proven ability to work with senior management and address complex issues.
• Proficient with Microsoft applications especially Word and Excel with the ability to learn and utilize new and existing banking software applications.

Physical Requirements:

• Able to regularly sit for prolonged periods of time.
• Able to travel:
  1. Occasionally
• Extensive computer usage is required.
• Ability to work:
  1. Evenings
     1. Occasionally

Benefits:

• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
• Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Star Volunteer Program
• Employee Banking and Financial Perks
• Flexible Hybrid Work Schedule
• Paid Time Off (PTO)
• Company Paid Holidays

This job description is not exhaustive. The Senior Compliance Manager – Fair and Responsible Banking may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.