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Fair Lending Compliance Analyst

MidFirst Bank

Oklahoma City, OK
Job Code:
  • Financial Services
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Job Details

Job Title: Fair Lending Compliance Analyst
Company: Midfirst Bank
Jobid: 9707
Job Type:
Location: Oklahoma City, OK 73101


Position Description:

The Fair Lending Compliance Analyst (“Analyst”) will support the Fair Banking Officer in administering MidFirst Bank’s (“the Bank”) Fair Lending Policy and Fair Lending Compliance Program (“the Program”). In doing so, the Analyst will perform data collection and anlaysis, research, review, and reporting, focused on identifying, assessing and monitoring of fair lending risk.
The Analyst reports to the Fair Banking Officer and works closely with the Bank’s Compliance and Business Unit Managers in the administration of overall fair lending compliance related activities.

Position Requirements:

Manage and direct data collection and data validation activities to support fair lending statistical analysis.
Perform fair lending statistical monitoring and analysis of lending and loan servicing data for enterprise-wide adherence with the Program. Analysis may include marketing, redlining, underwriting, pricing, steering, loss mitigation, peer lending activity, etc.
Communicate (orally and written) results of fair lending analysis to business units, governance committees and regualtors in a clear, complete and concise manner.
Review loan files for potential unfair treatment.
Assist in conducting fair lending risk assessments, including evaluation of inherent risk as well as identification and evaluation of the sufficiency of business unit controls to detect and prevent fair lending risk.
Collaborate with the business units to implement corrective action and control enhancements as a result of the risk assessment, self-evaluation, other analysis as well as Compliance or Internal Audit findings.
Support the fair lending regulatory change management process in response to fair lending enforcement actions, regulatory guidance, and industry fair lending litigation by working with business units to conform systems and procedures, where necessary, to changing regulatory requirements or expectations.
Review complaints and analyze complaint data for trends and to assess potential fair lending risk and effectiveness of fair lending controls.
Prepare reports and other presentations for the Fair Banking SubCommittee, the Compliance Committee and other governance committees.
Collaborate with other Compliance personnel in the design and maintenance of business line reports, including key risk indicators and key performance indicators, to monitor for fair lending risk.
Assist in developing and periodically reviewing fair lending policies, procedures and training materials.
Provide general fair lending support and guidance to the Bank’s lending units.
Plan and execute Fair Lending Compliance Program initiatives with guidance from the Fair Banking OFficer.
Prepare for regulatory exams, internal audits and Compliance testing events.
Perform other assignments as requested.
Bachelor’s degree required; graduate preferred.
Two to five years of experience in a financial services setting, preferably in a position pertaining to regulatory compliance or two to five years of experience in business and/or statistical analysis.
Excellent skills in analyzing technical data, identifying trends and issues and formulating effective solutions.
Experience with, RATA Comply, CRA/Fair Lending Wiz, or equivalent fair lending analysis software preferred, but not required.
Understanding of consumer protection laws and regulations—particularly, Equal Credit Opportunity Act, the Fair Housing Act – as well as bank supervisory compliance examination procedures is preferred.
Strong communication skills, with experience in business and/or legal research and writing.
Well organized, efficient, detail-oriented, self-starter, results oriented, able to work independently.
Excellent project management and organizational skills with the ability to manage multiple on-going assignments, exceptional follow through discipline, and ability to manage large volume of information.
Proficiency in Microsoft Office products and able to quickly learn/navigate various internal systems

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.



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