Lending & Fair Lending Compliance Officer

Amalgamated Bank of NY

Pasadena, CA

Posted: 9 days ago
Full-Time

Job Description

An exciting position is now available at America's Socially Responsible Bank! Amalgamated Bank is seeking a Lending & Fair Lending Compliance Officer to ensure the Bank’s lending products and loan servicing operations maintain compliance with federal and applicable state regulations, including and most significantly, compliance with fair lending laws. This is a hybrid position in our NYC, Boston, Washington DC, or San Francisco offices

Essential Job Functions:

Inform management and support teams of all key developments relative to lending-related consumer protection regulations and determine the impact of those developments to the Bank and its operations
Ensure existing and proposed lending-related business practices, policies, procedures, software systems, documents and disclosures comply with federal and state regulations
Serve as subject matter expert for residential, commercial real estate, consumer lending and loan servicing. Support all lending areas, products and services to assure no fair lending or disparate treatment occurs
Maintain and enhance written Fair Lending Program, including collaboration with lines of business to understand new products and services or changes in underwriting, pricing, policies, procedures, systems, and controls
Using Fair Lending Wiz, work with all lending areas & CRA Officer to identify loan penetration anomalies within geographies and across protected classes (and LMI census tracts and LMI income individuals to the extent viable)
Monitor policies, procedures and practices to ensure adherence with federal and state regulations related to Fair Lending and general lending practices
Prepare periodic reports or dashboards for presentation to executive leadership, the Compliance Committee and the Board concerning the Bank’s record of Fair Lending compliance
Conduct instructor-led annual Fair Lending training and sessions for new and existing employees
Monitor regulatory developments. Coordinate regulatory changes within affected lines of business and ensure that changes and controls are implemented to facilitate regulatory compliance
Serve as a resource and be available to answer general compliance questions from employees and lines of businesses
Assist business units with analysis of compliance risks associated with new and existing consumer, commercial, and small-business loan products and services
Update the monitoring procedures as necessary to align with regulatory changes, and new or enhanced bank products and services
Conduct ongoing lending-related compliance, fair lending monitoring, risk assessments, and training
Manage the Fair Lending Program, which includes assisting business line staff in developing and reviewing policies and procedures and resolving identified concerns
Conduct fair lending reviews and serve as the primary Bank liaison to coordinate Fair Lending audits and examinations. Monitoring and tracking corrective actions on regulatory and audit lending/fair lending issues to final resolution
Review and resolve fair lending related complaints
On an as-needed basis, perform research on regulatory issues that is thorough, accurate and timely. Communicate the results to management as applicable
Lead/support special projects as necessary

Knowledge, Skills and Experience Requirements:

Bachelor’s degree or equivalent experience
Minimum 7+ years regulatory compliance experience; 7+ year fair lending/fair banking experience within banking or financial services
CRCM designation or similar designation required
Strong background and knowledge of consumer protection laws and regulations with expertise in residential and commercial real estate lending, UDAAP, and fair lending/fair banking
Experience with consumer compliance regulatory examinations
Proficient computer skills including Word, Excel, PowerPoint, and Outlook
Strong verbal/written communication and interpersonal skills
Strong analytical skills to resolve issues and discrepancies
Strong project management and organizational skills

Our job titles may span more than one career level. The starting base salary for this role is between $110,000.00 – $170,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

As part of our commitment to health and safety, all team members currently working in our office space are required to show proof of vaccination. To be considered for any position at Amalgamated Bank where permitted by applicable law (including any applicable reasonable accommodation, medical or religious exemption), candidates must have received the COVID-19 vaccine prior to their start date. Upon commencement of employment, new team members must provide proof that they have been fully vaccinated against COVID-19.