AVP, Consumer Compliance, Fair & Responsible Banking, Fair Lending

Cross River • Fort Lee, NJ

9d • $175,000 - $200,000

About The Position

Cross River Bank is seeking an AVP, Consumer Compliance, Fair & Responsible Banking, Fair Lending. This position reports to the Head of Fair Lending and works closely with the Head of Data Science, Fair Lending Compliance, and Model Risk Management to establish and lead a comprehensive and robust Fair Lending Analytics function. The AVP, Consumer Compliance, Fair & Responsible Banking, Fair Lending manages the development and implementation of modeling and statistical technologies to ensure the Bank’s policies, products, practices, and models are fair.

Requirements

• 8+ years’ experience in quantitative finance, statistics, economics, or a related quantitative field with 5+ years’ experience in a project manager or lead position as well as experience managing a team.
• Knowledge of consumer lending and banking products and practices.
• Knowledge of US fair lending or fair banking-related laws, regulations, and guidance, including the Equal Credit Opportunity Act (ECOA), the Fair Housing Act (FHA), and Unfair, Deceptive, and Abusive Acts or Practices (UDAAP).
• Extensive experience with fair lending-related model testing, including the following techniques:
• Feature/variable proxy testing
• Less Discriminatory Alternative search
• Shapley-based model proxy testing
• Statistical significance model proxy testing
• Quantification of disparate impact
• Determination of affected groups
• Strong planning and organizational skills, with an ability to establish strategic direction and subsequently develop and manage supporting initiatives.
• Excellent presentation and communication skills, including technical writing abilities.
• Strong oral and written communication skills with ability to succinctly describe complex technical scenarios in simple terms.
• Ability to direct, manage, and support staff.
• Ability to interact positively with federal regulatory agencies.
• Ability to operate successfully in a fast-paced environment.
• Ability to collaborate successfully across internal teams.
• Ability to communicate effectively with colleagues with varying degrees of technical analytics knowledge and experience.

Responsibilities

• Own, enhance, implement, and maintain the Bank’s Fair Lending Analytics Program, ensuring that appropriate Fair Lending statistical analyses are conducted accurately and timely to mitigate fair lending risk across the Bank’s partners and products.
• Collaborate across multidisciplinary teams—Compliance, Data Science, Model Risk Management, Data Governance, and Human Resources--to set actionable strategy and accomplish organizational objectives.
• Assist the Bank with meeting its Fair Lending regulatory requirements and maintaining an appropriate Fair Lending Analytics Program that is suitable for its size, complexity, and business model.
• Advise the Bank’s Board of Directors, Executive Suite, oversight committees, Senior Management, and Bank personnel of emerging fair lending risks or issues to ensure compliance directives are maintained and examination-ready guidelines are followed.
• Oversee the creation and implement of fair lending analytics procedures.
• Identify the need for fair lending analytics through the Bank’s various fair lending risk mitigation activities, such as fair lending risk assessments.
• Collaborate with senior leadership on fair lending analytics-related work concerning regulatory examinations and requests.
• Review, interpret, and communicate the results of fair lending statistical analysis to a wide range of audiences, including auditors, regulators, Board of Directors, Executive Suite, oversight committees, Senior Management, and Bank personnel.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees