Description
Responsibilities include, but are not limited to:
- Provide strategic leadership in monitoring the Bank's Banking Program specifically oversight of fair lending and UDAAP risk programs.
- Set fair lending priorities for the bank along with LOB Leadership and manage the Fair Banking program and present accurate reporting - results to Board Risk Committee.
- Assess fair banking/lending risks by preparing periodic fair banking/lending risk assessments of the bank and applicable business units.
- Analyze Bank's Fair Banking Program performance. Monitor and test program elements for evidence of Redlining, Steering,
- Discrimination, Unfair, deceptive, or abusive acts or practices.
- Develop and conduct fair banking training to meet individual business unit and corporate requirements in conjunction with the Learning and Development Department.
- Provide regulatory oversight and guidance for the Home Mortgage Disclosure Act (HMDA) data collection.
- Oversee new and existing vendor risk assessments.
- Manage exam requirements including requested exam material and oversee Fair Lending Examinations conducted by the CFPB and OCC as well as Internal Audit.
- Administer and oversee fair lending statistical reviews and understand results.
- Assess residual compliance risk and document findings related to vulnerabilities. Create and develop action plans with appropriate measures to lower residual risk to an acceptable level.
- Perform fair lending due diligence for mergers and acquisitions.
- Assist and oversee the execution of quarterly/annual risk assessments (including fair lending) in the GRC system and manage and maintain regulatory compliance content.
- Review advertising and marketing of the bank and all communications to the public to ensure compliance with applicable laws and regulations.
- Monitor regulatory developments, research and trends and assist the CCO in taking appropriate action to ensure the bank complies with new or amended regulations.
- Participation in committees and lead sub-committees on Fair Lending and UDAAP as warranted.
- Maintain strong industry network and participate in industry organizations.
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