Director Fair Lending

Director Compliance Fair Lending

About Us
Permanent Placement Solutions is an executive search firm that specializes in the recruitment and placement of high caliber professionals.

About The Company
Well known fortune 500 financial services company

Ensure fair lending-related activities are in compliance with banking laws and regulations
Assist Vice President, Fair Lending with his/her responsibilities.
Oversight and responsibility for enterprise wide and business unit level fair lending program and activities
Prepare and implement an annual enterprise wide fair lending plan, as well as business unit level plans, as appropriate
Conduct Annual Fair Lending Risk Assessments of Business Areas
Prepare, review and implement fair lending policies and procedures, including documentation of fair lending reviews and action taken on an on-going basis
Prepare and deliver fair lending training
Prepare periodic reports on the state of fair lending compliance on an enterprise wide and business unit level
Develop and update, at least annually, all fair lending policies and procedure manuals
Remain current on all regulatory direction and information with regard to fair lending compliance
Remain knowledgeable of marketing and sales programs, as well as underwriting and pricing guidelines for business units
Work closely with the Senior Director/Director, Data Analyst Lead, to establish and maintain systems to monitor key fair lending issues at the business unit level, such as loan data, pricing exceptions, new marketing programs, underwriting exceptions, etc.
Work closely with the Senior Director/Director, Data Analyst Lead, to collect, maintain and analyze information from business units on marketing, underwriting, exceptions and servicing on an on-going basis
Work closely with the Senior Director/Director, Data Analyst Lead, on judgmental decision-making to monitor all aspects of the business, including calls and marketing, as well as underwriting and servicing.
Work closely with the Senior Director/Director, Data Analyst Lead, to review business level score cards, credit policies, practices and pricing.
Participate in internal audits that relate to fair lending and be responsible for implementing any recommendations that result from these audits, other self-assessments or regulatory reviews.
Assist with manual loan reviews, as necessary.
Assist in regression analyses, as necessary.
REQUIREMENTS
Certified Regulatory Compliance Manager designation (CRCM) or other applicable compliance designation preferred.
Specialized ability to understand and interpret fair lending data analyst reporting from Shamus or Fair Lending Wiz.
3 - 5 years regulatory fair lending/consumer compliance experience.
Significant knowledge in banking law and consumer regulations preferred.
Bachelors degree, preferably in business.
Excellent oral and written communication skills.
Strong PC exposure preferred.
Ability to manage multiple projects simultaneously.
Strong leadership skills required, including motivating, training, and team building.
Previously demonstrated supervisory ability.

SKILLS:

Must have ability to routinely work with Business Area Staff, Compliance Managers, and regulators.
Ability to serve as back-up for VP, Fair Lending.
Under little or no supervision, project leader for assigned group of less experienced professionals.

Compensation:

• Commensurate with experience
• Generous base salary, incentive bonus, and comprehensive benefits


CareerBuilder Related Terms:

"Fair Lending", Compliance, CRCM, "Certified Regulatory Compliance Manager", Audit, CPA, CIA