Assistant Vice President, Fair Lending Compliance
About The Position
The Assistant Vice President (AVP) of Fair Lending Compliance is a critical role responsible for ensuring the organization's adherence to fair lending state and federal laws and regulations. This role involves proactively identifying and mitigating potential fair lending/servicing/marketing risks, conducting comparative file reviews, evaluations of business controls, enhancing fair lending monitoring systems, investigating potential violations, proposing viable solutions, and staying informed about regulatory changes and industry best practices.
Requirements
- Minimum 5-7 years of experience in financial services, including mortgage lending and servicing
- Extensive knowledge of federal and state regulations related to fair lending laws, including but not limited to: ECOA, FHA, HMDA, and UDAAP
- Strong analytical and risk assessment skills
- Exceptional communication and interpersonal skills
- Ability to work independently and collaboratively
- Proficiency in Microsoft Office and Google Workspace, Encompass, including relational databases (SQL, Snowflake)
- Strong business acumen and ability to interact effectively with executive management
- Exceptional attention to detail and accuracy in reviewing application loan files, call recordings, data trends & inconsistencies
- Ability to work under pressure and manage multiple projects simultaneously
Responsibilities
- Collaborate with other departments, such as: Marketing, Sales, Operations, Customer Service, and Legal to ensure fair lending compliance is embedded in all aspects of the business
- Escalate and report identified fair lending risk and/or violations through comparative file reviews to senior management and relevant committees
- Continuously improve monitoring systems, such as fair lending analytics and regression models, to identify and address fair lending risks
- Investigate and analyze possible fair lending violations, such as consumer complaint allegations, and collaborate to develop effective solutions to address them
- Conduct periodic risk assessments to identify potential fair lending risks
- Implement measures to prevent and mitigate future fair lending risks, ensuring compliance
- Stay updated on regulatory changes, including state and federal fair lending regulations, and industry best practices
- Uphold the organization's culture and values through actions and behaviors
- Perform other related duties as assigned, needed, or required
Benefits
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
