Fair Lending CRA Analyst

at  Liberty Bank

At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepening our DE&I strategies in the workplace and communities we serve, creates a much better place to work for our teammates and a safe place where our customers are connected and supported. We take pride in promoting through initiatives and investment a socially responsible and sustainable future.

SUMMARY OF THE JOB:

The Fair Lending CRA Data Analyst is working closely with the Fair Lending Officer to provide subject matter expertise and interpretation of fair and responsible banking laws, including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Community Reinvestment Act (CRA) and other related regulatory guidance. The Fair Lending CRA Data Analyst works directly with business lines and other corporate functions to help ensure compliance with applicable laws and regulations and identify, assess, and manage fair and responsible banking risk associated with the products and services offered by the Bank.

MINIMUM REQUIREMENTS:

• A bachelor’s degree in business administration or related field, or equivalent work experience such as experience managing fair lending compliance at a financial institution; certifications such as Certified Regulatory Compliance Manager (CRCM) is a plus.
• At least 5 years’ experience in an applicable risk management environment with emphasis on fair lending compliance or financial institution examination at the federal or state level.
• Strong knowledge of consumer loan underwriting, mortgage lending operations, HMDA data aggregation and statistical analysis, and state banking and federal laws and regulations.
• Significant knowledge base of fair and responsible banking laws, regulations, and oversight, and related FFIEC examination standards, applicable regulatory guidance, and UDAAP litigation and enforcement actions.
• Ability to conduct thorough analysis and provide pragmatic recommendations and solutions to problems.
• Strong oral and written communication skills with the ability to present and influence strategy at all levels in the organization.
• Highly productive with the ability to take task to completion and meet deadlines under pressure coupled with a focus on quality.
• Familiarity with corporate compliance programs, including risk assessments, testing, and monitoring, training, policy/procedure development, complaint management, and implementation of new products and business processes.
• Experience with CRA and Fair Lending software preferred
• Reporting experience in Power BI and Tableau
• Strong competency in Word and Excel, PowerPoint, and Outlook.

PHYSICAL REQUIREMENTS:

• General Office Equipment
• Keyboard Dexterity
• Prolonged Sitting and Standing

ESSENTIAL FUNCTIONS:

Reporting to the Compliance Officer, the Fair Lending CRA Data Analyst is responsible for supporting the implementation of the Bank’s Fair Banking Program and maintaining a robust methodology for measuring, monitoring and risk reporting. The Fair Lending CRA Data Analyst analyzes loan application and origination activities to document fair lending risks and the Bank’s mitigating controls. The Fair Lending CRA Data Analyst will periodically compile reports for review by Management, the Board of Directors, and other stakeholders for analysis and tracking purposes.
This position plans, organizes and controls the Bank’s day to day operational compliance activities as it relates to Fair Lending and collaborates with stakeholders in the overall administration of these directives for the Bank. The Fair Lending CRA Data Analyst advises Bank staff, Senior Management, and the Board of Directors of emerging Fair Lending risks, issues, and consults the Bank in the establishment of controls to mitigate risks.
The Fair Lending CRA Data Analyst will support the preparation of lending, investments, and services dashboard for CRA reporting purposes.
The Fair Lending CRA Data Analyst will build effective relationships with all respective stakeholders (e.g., Lending Officers, CRA Officer, and industry and regulatory authorities), and participate in various Committees, audits, and examinations.

PRINCIPAL ACCOUNTABILITIES:

• Coordinate with lending lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable fair lending related laws and regulations.
• Collaborate with other departments to direct, investigate and independently resolve Fair Lending, CRA, and/or UDAAP concerns in a timely manner.
• Perform ongoing reviews of consumer complaints and advertisements. Evaluate for potential trends, perform root cause analyses, and provide oversight of actions and responses for fair lending compliance related complaints.
• Using vendor supported software tools, evaluate statistical results of loan application and origination activity for low to moderate income and majority minority census tracts. Develop recommended strategies to increase penetration.
• Using statistical sampling techniques, perform focused file reviews to assess whether an applicant was treated in a manner consistent with articulated standards, including whether the applicant received favorable treatment compared to other similarly situated applicants.
• Summarize results of the file review and prepare reports that succinctly identify the individual and aggregate risks identified during the file review.
• Participate in the review of results of file review analysis with business unit partners, including procedure and process gap analyses and develop recommended actions.
• In collaboration with the Fair Lending Officer and other lending personnel, monitor and suggest enhancements to the Bank’s marketing/outreach, lending, service, and investment strategies to support the needs of low to moderate-income and majority minority census tracts; and work with bank management to ensure all products, services and activities are compliant, profitable, and marketable.
• In collaboration with the Fair Lending Officer, prepare CRA lending, investments, and services performance dashboards for quarterly reporting to management and applicable committees.
• In collaboration with the CRA Officer, prepare the annual CRA self-assessment for reporting to management and applicable committees.
• In collaboration with the CRA Officer, assist in conducting the CRA Community Needs Assessments.
• On a monthly basis generate CRA and HMDA data for business line review and manage the annual submission of the HMDA Loan Application Register and the Small Business Register.
• Monitor and report Key Risk Indicators (KRIs) to ensure that Fair Lending and CRA compliance risks are identified, assessed, monitored, and controlled.
• Prepare periodic reports for Senior Management, the Board of Directors, and other stakeholders that includes significant fair lending and CRA developments, risk monitoring and testing results, and KRIs.
• Keep abreast of business policies, related laws and regulatory guidance, and other legal and regulatory developments which directly affect business practices in place to promote fair lending activities.
• Support and maintain fair lending training materials for employees, Officers, and Directors, as applicable to individual roles and responsibilities. Fair lending training would include fair banking laws and regulations and guidance for mitigating engaging in unfair and deceptive practices.
• Serve on and assist in report preparation for the Bank’s Compliance Committee and CRA Fair Lending Working Committee.
• Assist in the coordination of regulatory compliance exams and audits as necessary; and
• Other duties as assigned.