Bank in NJ is looking to hire in their compliance department.
Responsibilities Include: • Own and maintain the enterprise-wide UDAAP Program, SCRA/MLA Policy, and ADA Policy. • Set fair lending priorities for the bank along with LOB Leadership and manage the Fair Banking program and present accurate reporting - results to Board Risk Committee. • Assess fair banking/lending risks by preparing periodic fair banking/lending risk assessments of the bank and applicable business units. • Provide strategic leadership in monitoring the Bank's Banking Program specifically oversight of fair lending and UDAAP risk programs. • Analyze Bank's Fair Banking Program performance. Monitor and test program elements for evidence of Redlining, Steering, • Discrimination, Unfair, deceptive, or abusive acts or practices. • Develop and conduct fair banking training to meet individual business unit and corporate requirements in conjunction with the Learning and Development Department. • Provide regulatory oversight and guidance for the Home Mortgage Disclosure Act (HMDA) data collection. • Oversee new and existing vendor risk assessments. • Manage exam requirements including requested exam material and oversee Fair Lending Examinations conducted by the CFPB and OCC as well as Internal Audit. • Administer and oversee fair lending statistical reviews and understand results. • Assess residual compliance risk and document findings related to vulnerabilities. Create and develop action plans with appropriate measures to lower residual risk to an acceptable level. • Perform fair lending due diligence for mergers and acquisitions. • Assist and oversee the execution of quarterly/annual risk assessments (including fair lending) in the GRC system and manage and maintain regulatory compliance content. • Review advertising and marketing of the bank and all communications to the public to ensure compliance with applicable laws and regulations. • Monitor regulatory developments, research and trends and assist the CCO in taking appropriate action to ensure the bank complies with new or amended regulations. • Participation in committees and lead sub-committees on Fair Lending and UDAAP as warranted. • Maintain strong industry network and participate in industry organizations.