Fair Lending Analyst

Northwest Bank•Warren, PA

1d•Onsite

About The Position

The Fair Lending Analyst is responsible for analyzing Northwest's Fair Lending loan programs to determine compliance based on regulatory weaknesses identified in risk assessments. This role involves aiding in the development of reporting for the CCO, CLO, and Board of Directors, and maintaining Northwest's annual fair lending compliance monitoring program. A key responsibility is to produce written fair lending risk assessments. Northwest is an equal opportunity employer committed to creating an inclusive environment for all employees, recognizing their contributions through competitive compensation and benefits, professional development opportunities, and celebrating achievements.

Requirements

Ability to perform each essential duty satisfactorily
Bachelor's Degree in business management
Ability to establish effective working relationships among team members and participate in solving problems and making decisions
Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas
Strong writing and communication skills
Strong retail lending background in originations or underwriting or quality control
National regulatory compliance certification

Responsibilities

Analyze Northwest's Fair Lending loan programs to determine compliance based on regulatory weaknesses identified in risk assessments
Aid in development of reporting for CCO, CLO and Board of Directors
Maintain Northwest's annual fair lending compliance monitoring program
Produce written fair lending risk assessments
Strong understand of analytical statistics including regression analysis
Prepare measurable reports for senior management and the Board of Directors that monitor Northwest’s current level of fair lend compliance performance, and analyze reports regard Northwest’s fair lend compliance requirements
Assist in fair lend regulatory compliance performance examinations
Develop train products that address regulatory requirements and weaknesses in Northwest’s staff’s regulatory fair lend compliance knowledge, and relationships with business units
Assist in monitor and review fair lend requirements for implementation by the business units and compliance departments risk assessments, and development of Northwest’s Fair Lend Program
Identify the applicable laws and regulations
Interpret new laws and regulations
Consult with business units to develop appropriate fair lending risk assessment procedures
Manage multiple projects and meeting deadlines
Provide support for regulatory examinations regarding fair lending
Stay informed of fair lending issues and trends
Communicate with all levels of management
Working with available compliance and IT software to improve efficiencies
Prepare management reports
Develop tools and processes that enhance compliance efficiency
Ensure compliance within subsidiaries and affiliates
Identify and resolve compliance issues
Communicate guidance to appropriate business units
Perform scheduled risk assessments, and comparative file analysis
Provide written reports that detail statistical findings and detailed file analysis
Research and improve report data
Recommend improvements to procedures
Minimize departmental non-payroll costs and risk
Maximize benefits to Northwest
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Complete special projects as assigned
Abide by the rules of the safety and loss prevention program
Perform work tasks in a safe manner
Report any and all injuries to supervisor
Know what to do in case of an emergency