Senior Fair Lending Analyst (Leading West Coast Bank)
Our client, a leading West Coast bank, is looking for an experienced Fair Lending professional to join their growing HMDA team.
18th July, 2019
Job Description & Synthesis
The Senior Fair Lending Analyst performs fair lending data analytics and is responsible for maintaining processes and procedures to perform periodic analysis of the Bank's lending portfolios. The successful candidate identifies data requirements, performs matched-pair analysis, works with other analysts and lines of business on data integrity, regression analysis, redlining analysis, performing reviews of outliers, and implementing corrective actions or procedural changes with business areas, and developing a risk-based approach to fair lending analytics. Provides ongoing support for the Home Mortgage Disclosure Act compliance program.
Perform data analysis of mortgage, consumer, small business and/or commercial loans to identify significant variances to fair lending compliance regulations and standards.
Provide support for the Home Mortgage Disclosure Act (HMDA) compliance program, reviewing reportable transactions, compiling data, and running validity and quality edit reviews, as needed.
Perform regression and redlining statistical analysis on loan applications and originations for various lending portfolios.
Perform matched pair analysis for residential and consumer lending portfolios.
Assist with the annual fair lending risk assessments and report results, and/or provide recommendations to the team.
Assist with fair lending documentation and analysis for the cyclical fair lending regulatory examination.
Review and document procedures for HMDA to ensure secure maintenance and quality of records.
Maintain proficiency in software tools necessary to complete requisite fair lending analysis and collaborate with software vendors as needed.
Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
Performs other duties as assigned or requested.
Completes all required training.
Minimum 4 years' experience in fair lending and working with regulations (i.e. ECOA/Regulation B, HMDA, Fair Housing Act, Fair Credit Reporting Act).
Minimum 5 years' experience in lending and/or compliance.
Minimum 2 years experience using fair lending software/specialty programs as well as some industry standard mortgage software.
Skills and Knowledge:
College degree preferred.
Experience with loan origination systems is preferred.
Must be able to calculate mortgage payments and amortization schedules
Excellent organizational and analytical skills.
Ability to communicate clearly and professionally with all levels of an organization.
Excellent written and verbal communications skills.
Effective interpersonal skills.
Proficiency in multi-tasking and prioritizing projects.
Excellent time management skills and be accustomed to working with deadlines.