Fair Banking Analyst

Stock Yards Bank & Trust•Louisville, KY

9d•Onsite

About The Position

The Fair Banking Analyst supports the Bank’s Fair Banking Compliance Program by performing ongoing monitoring, analysis, and reporting to identify potential fair lending, fair banking, and UDAAP risks. This role functions as the second line of defense and is responsible for reviewing loan and application data, complaint information, and business practices to assess compliance with applicable consumer protection laws, including the Equal Credit Opportunity Act (ECOA), the Fair Housing Act (FHAct), the Home Mortgage Disclosure Act (HMDA), the Community Reinvestment Act (CRA), Unfair, Deceptive, Abusive Acts and/or Practices (UDAAP), Section 1071 of the Dodd Frank Act, and other related regulations. The analyst works collaboratively with Compliance Advisors, business units, and the Fair Banking Officer to support risk assessments, monitoring activities, regulatory reporting, and remediation efforts, while maintaining data integrity and supporting regulatory examinations.

Requirements

Bachelor’s degree in Business, Finance, Economics, Risk Management, Data Analytics, or a related field (or equivalent relevant experience).
1–3 years of experience in banking, compliance, risk management, data analysis, or consumer lending operations, with exposure to consumer compliance or fair lending concepts preferred.
Strong knowledge of State and Federal regulatory requirements.
Strong knowledge of banking principles and operations, including bank policies and procedures related to consumer lending compliance.
Strong organizational and time management skills.
Ability to function in a multi-task environment.
Excellent verbal and written communication skills required; must demonstrate ability to tactfully communicate with and gain respect of all employees.
Strong analytical and critical thinking skills, with ability to define problems and propose solutions.
Strong PC skills using Microsoft Office programs (i.e., Excel, Word, Outlook, Power Point)
Intermediate Excel skills (pivot tables, VLOOKUP/XLOOKUP, basic formulas).
Data analysis and interpretation (HMDA, loan-level data).
Ability to follow established methodologies and document results clearly.
Familiarity with fair lending risk concepts (i.e. disparate treatment, redlining, etc.).
Ability to work collaboratively with business lines while maintaining independence.
Ability to read, analyze and interpret government regulations, trade journals and legal documents.

Nice To Haves

Experience with reporting or analytics tools (Tableau, Power BI, SAS, or similar) preferred but not required.
Proficiency with RiskExec (or other regulatory reporting software) preferred but not required.
Fair lending, compliance, or risk-related certifications or coursework (e.g., CRCM, FLE, etc.) preferred but not required.

Responsibilities

Coordinates and improves the monitoring and reporting process, including:
Monitor, ensure, and maintain loan data quality and integrity to support fair lending risk identification, regulatory reporting, and analysis.
Identify, track, and document systematic or operational data exceptions; escalate trends and unresolved issues and support coordination of corrective actions.
Import Loan Application Registers (LAR’s) into reporting database software.
Prepare LAR files for submission to regulators on or before the required deadlines.
Perform periodic fair lending monitoring reviews, including redlining, underwriting, pricing, and steering analyses.
Maintain workpapers and documentation to support: Monitoring conclusions; Management reporting; and regulatory exams and internal audits
Prepare and distribute periodic fair lending monitoring reports to support management oversight and risk mitigation to the applicable business units including (not limited to) for areas related to: Redlining, pricing disparities, disparate treatment, Branch and ATM distributions, analysis of peer and demographic data, market penetration, and monitoring and analysis of policy exceptions.
Perform regression analysis and comparative file reviews under established methodologies and guidance to identify potential outliers that would reflect a potential Fair Lending risk or violation.
Utilize resources to stay up to date with regulatory changes related to HMDA, CRA, Fair Lending, UDAAP, ECOA, Fair Lending and Section 1071 of the Dodd Frank Act.
Participate in new product development and work closely with Compliance Advisors and applicable business units in creating product-related risk assessments.
Assist the Fair Banking Officer with maintaining Fair Lending Risk assessments.
Work closely with Compliance Advisors and Business Units to identify regulator risks and develop appropriate remediation.
Review complaints for potential fair banking concerns; document findings and support trend analysis.
Assist with marketing advertisement reviews to minimize the risks in areas related to Fair Banking.
Assist with the communication of compliance initiatives to partners throughout the bank, including contributing to the departmental newsletter.
Assist in the development and communication of regulatory policies and procedures to management for review and approval.
Assist with development and delivery of regulatory compliance training.
Support model and credit policy change reviews for fair lending impacts.
Participate in CRA and community impact coordination as it relates to fair lending risk.
Maintain understanding of the bank’s products, services, geographic locations, and the potential risks associated with those activities.
Assist with coordination of federal and/or state regulatory agency examiners during examinations.
Furnish examiners with requested information.
Support data validation efforts for new systems, models, or reporting tools.
Conduct special projects as the need arises.
Assist with merger and acquisition projects.