Fair Lending Compliance Advisor

Overview

The Fair Lending Compliance Advisor is responsible for developing, implementing, and maintaining WPCU's Fair Lending Compliance Program's daily activities in partnership with the Director, Lending Compliance. Leads periodic reviews and enhancements to all required fair lending-related compliance policies and procedures. Leads reviews of the effectiveness of credit union controls intended to mitigate all fair lending compliance risks, including but not limited to credit decisioning, pricing practices, and UDAAP. Provides regular reporting to the Director, Lending Compliance, on potential challenges, opportunities for enhancement of the Program, and business unit controls and procedures. Engages directly with business unit leadership to understand their needs and to collaborate on implementation and maintenance of fair lending controls, policies, and procedures. Provides ongoing development and monitoring of reports designed to proactively identify potential types of discriminatory practices, including overt discrimination, disparate impact, and / or disparate treatment. Performs fair lending testing, and partners with business units to implement necessary program changes and enhancements. Develops and enhances ongoing fair lending training for WPCU.

Responsibilities

• Develops, implements, and maintains WPCU's Fair Lending Compliance Program, which is designed to incorporate fair lending testing and monitoring efforts to promote compliance with ECOA, FHA, HMDA, UDAAP, and other applicable fair lending-related guidance. Provides insight and recommendations for key risk indicators (KRIs) for proactive measurement of fair lending risk. Conducts fair lending testing and monitoring to identify fair lending risks in business processes. Ensures proper policies, procedures, risk mitigation activities, and operating controls are followed. Reports gaps in policies, procedures, and operating controls to leadership to ensure member impact and risk is mitigated. (30%)
• Engages with business units regularly to assess adequacy of fair lending controls and first-line monitoring efforts. Collaborates with business units and leadership to provide consistent and accurate guidance and assistance for continuous improvement of the business units' fair lending monitoring and controls. Provides continuous support to business units with all matters relating to fair lending, including root cause analysis and implementation of any necessary corrective actions. (25%)
• Assists with ongoing support and education to business units regarding emerging fair lending risks and regulatory guidance and / or changes impacting WPCU, proactive self-identification of fair lending compliance risks and ongoing self-identification of fair lending compliance gaps or weaknesses in business unit processes. (15%)
• Provides oversight and periodic updates to WPCU's fair lending-related training. (10%)
• Provides fair lending and other reports to management, as needed. (10%)
• Assists with monitoring WPCU's Fair Lending Compliance-related customer complaints in order to monitor for resolution and track for fair lending or other Compliance-related risks. (5%)
• Assists with regulatory compliance audits and / or examinations, and risk assessments as needed. This includes but is not limited to, gathering necessary documents, organizing materials for providing to examiners, reviewing materials for appropriateness, and tracking the lending compliance area's progress on providing materials. (5%)

Required Skills

The Fair Lending Compliance Advisor has comprehensive and proficient knowledge of compliance laws and regulations, federal and state credit union regulations, industry practices, and banking products relevant to fair lending compliance principles, including but not limited to requirements under the ECOA, FHA, HMDA and UDAAP. The following are also preferred :

Seniority level

Employment type

Job function

J-18808-Ljbffr