Compliance Assistant Manager - Fair and Responsible Banking

Western Alliance Bank•Dallas, TX

About The Position

As a Fair and Responsible Banking Compliance Assistant Manager you'll be a "subject matter expert", and provide advice, oversight and guidance related to fair lending and UDAAP/UDAP regulatory compliance risks, control effectiveness, root cause analysis, and issue review and validation. You'll provide leadership and direction in identifying the applicability and impact of these regulations on the Bank's products, services and lines of businesses. In addition, you'll assist in the review and interpretation of new regulations or changes to existing fair lending and UDAAP/UDAP regulations, including conducting impact assessments. In this role you'll provide oversight, monitor, test and effectively challenge various regulatory compliance activities. You'll support the Compliance programs and perform risk and control assessments (RCSA) in line with methodology, scope, and frequency. You'll also conduct compliance risk assessments (CCRA) on the firm's GRC platform, ensuring accurate ratings and rationale for Inherent Risk (IRR), Quality of Risk Management (QRM) and Residual Risk (RRR). Lead and implement Fair and Responsible Banking monitoring, Quality Assurance reviews and Board and Senior Management Reporting across consumer and commercial banking products and services. Effectively synthesize and communicate legal and regulatory requirements related to fair lending (ECOA and FHA), HMDA and UDAAP/UDAP laws and regulations and identify root cause(s) of potential compliance risk. Collaborate with stakeholders across the Bank to gain insight into Fair and Responsible Banking compliance risks associated with various line of business activities, objectives, practices, processes, and the overall control environment. Partner with subject matter experts in the lines of business to formulate an integrated and independent view of the business area compliance risks and Fair and Responsible Banking management practices. You will also work with Compliance team members to develop Fair and Responsible Banking compliance risk management guidance for the lines of business. Raise issues and collaborate in the development and implementation of new Fair and Responsible Banking compliance monitoring, quality assurance, reporting, policies, practices and tools.

Requirements

5+ years of related experience in Fair Lending, HMDA and UDAAP/UDAP Regulatory Compliance, Risk Management, Internal Audit or similar field.
Intermediate to advanced knowledge of Fair Lending, HMDA and UDAAP/UDAP regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Bachelor's degree in related field required.
Intermediate to advanced knowledge of Fair Lending, HMDA and UDAP compliance requirements, residential and commercial mortgage originations and servicing, general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Intermediate to advanced understanding of MS Office with specific focus in Excel and PowerPoint.
Advanced speaking and writing communication skills.

Nice To Haves

Previous leadership experience preferred.
Certified Regulatory Compliance Manager preferred.

Responsibilities

Provide advice, oversight and guidance related to fair lending and UDAAP/UDAP regulatory compliance risks, control effectiveness, root cause analysis, and issue review and validation.
Provide leadership and direction in identifying the applicability and impact of these regulations on the Bank's products, services and lines of businesses.
Assist in the review and interpretation of new regulations or changes to existing fair lending and UDAAP/UDAP regulations, including conducting impact assessments.
Provide oversight, monitor, test and effectively challenge various regulatory compliance activities.
Support the Compliance programs and perform risk and control assessments (RCSA) in line with methodology, scope, and frequency.
Conduct compliance risk assessments (CCRA) on the firm's GRC platform, ensuring accurate ratings and rationale for Inherent Risk (IRR), Quality of Risk Management (QRM) and Residual Risk (RRR).
Lead and implement Fair and Responsible Banking monitoring, Quality Assurance reviews and Board and Senior Management Reporting across consumer and commercial banking products and services.
Effectively synthesize and communicate legal and regulatory requirements related to fair lending (ECOA and FHA), HMDA and UDAAP/UDAP laws and regulations and identify root cause(s) of potential compliance risk.
Collaborate with stakeholders across the Bank to gain insight into Fair and Responsible Banking compliance risks associated with various line of business activities, objectives, practices, processes, and the overall control environment.
Partner with subject matter experts in the lines of business to formulate an integrated and independent view of the business area compliance risks and Fair and Responsible Banking management practices.
Work with Compliance team members to develop Fair and Responsible Banking compliance risk management guidance for the lines of business.
Raise issues and collaborate in the development and implementation of new Fair and Responsible Banking compliance monitoring, quality assurance, reporting, policies, practices and tools.