The Fair Lending Specialist, provides support to the Fair Lending & Compliance Department by performing critical tasks in administering the Bank’s Fair Lending & Compliance Program. The candidate will conduct monitoring and testing, training, and analyses to evaluate the Bank’s fair lending risk and ensure compliance with the Fair Housing Act (FHAct); Equal Credit Opportunity Act (ECOA); Home Mortgage Disclosure Act (HMDA); Unfair, Deceptive, and Abusive Acts and Practices (UDAAP) Act, and other applicable laws and regulations.
Essential Job Duties and Responsibilities
Monitor the Bank’s compliance with fair lending laws by utilizing lending patterns software to analyze lending activities and identify risks. Testing and statistical analyses will be performed to determine risk associated with underwriting, pricing, redlining, steering, and servicing, and conduct file reviews to monitor potential unfair treatment.
Partner with business units to provide support and ensure compliance with fair lending rules. Provide results of fair lending testing, implement control enhancements as necessary, and review fair lending policies, procedures and training materials.
Assistance in the review marketing materials, new products and services for potential fair lending issues.
Monitor fair lending-related complaints and analyze complaint data for trends to assess potential fair lending risk.
Assist in preparing for regulatory exams and internal audits.
Oversee the Fair Lending Risk Assessment, including evaluation of inherent risk as well as the sufficiency of business unit controls to detect and prevent fair lending risk.
Certification: CRCM Preferred.
Bachelor’s Degree or equivalent.
4+ years of regulatory compliance or audit experience, preferably in HMDA, CRA or Fair Lending.
Knowledge of consumer protection laws and regulations that impact financial institutions, including CRA and UDAAP. Knowledge of both lending and deposit-related regulations and laws is preferred.
Ability to create models to perform fair lending monitoring and testing.
Ability to provide guidance on regulations to various business units.
Experience working with Compliance/HMDA/CRA/Fair Lending software (or similar software) and strong technical skills.
Experience managing compliance exams and audits.
Experience in deposit related regulations
About Main Street Bank
Our mission as a community bank is driven by our dedication to serving the local communities and not only meeting, but exceeding customer expectations. We are diligent in providing the best personal service. Main Street Bank is the preeminent, relationship-based, financial institution in our community with customers and employees who are loyal and satisfied.