Senior Compliance Manager – FL Analytics

This role supports the Office of Fair and Responsible Banking’s Analytics function by providing data intake and analysis across one or more business units and associated product sets. The Sr. Compliance Manager will make use of software tools to develop reporting, conduct data analysis, and monitor both secured and unsecured loan information to create conclusions around the fair treatment of consumers. The candidate will work closely with, and report to, the Fair Lending Analytics Team Lead.

The role has primary responsibility for performing model-based statistical analysis within an industry-standard software tool. Exported reports will allow for consumer loan file reviews to determine the impact of the bank’s policies and procedures on Fair Banking laws and regulations. Data hygiene will be a component of the role as well. This may include direct interaction with cross-functional data teams to support the Team Lead in coordinating appropriate data sets and mapped fields loan origination systems. Additional responsibilities include engaging business line and risk stakeholders to collect information relevant to the file review process, identifying gaps, potential discrimination, potential unfair or deceptive practices or enhancements needed to assess the population more fully. The Senior Compliance Manager will act as a Fair Lending subject matter expert for all covered units within the Fair Lending Program and Policy. They will be responsible for providing timely reporting and escalating identified risks to Compliance management, as necessary.

The duties of this position include but are not limited to:

• Gathering, organizing, cleaning raw data, and checking data integrity prior to analysis.
• Performing Fair Lending monitoring and data analysis primarily through interpretation and analysis of loan level data.
• Performing key functions within a software application to yield regression analysis, matched pair analysis and associated reporting extracts required for comparative file review.
• Analyzing, trending, and reporting on the statistical significance and relevance of protected class borrower anomalies within datasets.
• Drafting clear and concise reports of the results of ongoing monitoring and assessment projects and communicating same to Compliance Management.
• Providing updates on the state of assigned monitoring activity.
• Staying current of the regulatory environment and expectations through discussions with peers, seminars, webinars, roundtables, law firms, bankers’ associations, etc.

Required Skills and Experience

• 5+ years of fair banking or other related consumer compliance experience in consumer financial services or a regulatory agency.
• Experience with statistical analysis related to compliance with fair lending laws, including regression analysis and model-based output.
• Experience with OCC file review criteria, inclusive of sampling methodology and file review sample sizing.
• Working knowledge of both technical and nuanced aspects of Fair Banking laws and regulations, including but not limited to ECOA/Reg B, UDAAP, FHA, SCRA, FCRA, FDCPA.
• Understanding of consumer loan documentation, loan servicing and/or loan operations.
• Prior use of Risk Exec is strongly preferred.
• Computer proficiency, specifically MS Office (Word, Excel, Access, PowerPoint, etc.).
• Must be proactive with the ability to work independently and deliver superior results.
• Critical thinking and the ability to "connect the dots" of multiple data points across multiple business units to develop a comprehensive assessment of fair banking risk.
• Strong communication skills with an ability to convey complex topics and recommendation (written, verbal and listening).
• Team-player who can manage to time sensitive deliverables.

Education and Certifications:

• Bachelor's degree in relevant field of study or equivalent work experience required.

THIS POSITION MAY BE LOCATED IN ONE OF THE FOLLOWING LOCATIONS: JOHNSTON, RI; BOSTON, MA; FORT WASHINGTON, PA; ISELIN, NJ

Hours and Work Schedule: Hybrid - 3 days in-office / 2 remote

Hours per Week: 40

Work Schedule: Monday-Friday