Military Veterans are Encouraged to Apply.
Job Details: MANAGER FAIR LENDING
WHAT IS THE OPPORTUNITY?
The Manager of Fair Lending is tasked with maintaining and enhancing the Fair Lending compliance program, ensuring that all departments comply with applicable fair lending laws and regulations and have controls in place to mitigate fair lending risk. This role, specifically, is responsible for establishing processes and procedures to perform periodic analysis of the Bank’s lending portfolios by identifying data requirements, working with analysts and lines of business on data integrity, regression analysis, performing reviews of outliers and comparative files, identifying , implementing corrective actions or procedural changes with business areas, and developing a risk-based approach to fair lending analytics.
Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National’s Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
- Supervise the fair lending compliance function and create metrics for adherence to guidelines by business units.
- Communicate any corrective actions or risk mitigation measures for implementation and develop processes to track, report and validate corrective actions.
- Perform annual fair lending risk assessments and report results/recommendations to team.
- Coordinate team member participation for the cyclical fair lending regulatory examination.
- Supervise other employees in the department.
- Manage fair lending review and data. Provide input to statistical analysis of mortgage, consumer, small business and/or commercial loans to identify significant variances to fair lending compliance regulations and standards.
- Ensure federal and state specific criteria for disclosures are executed properly.
- Review and document procedures to ensure secure maintenance and quality of records. Maintain understanding of status and document changes to regulatory guidelines.
- Coordinate and develop policies and procedures designed to ensure the highest level of ethical conduct.
- Work collaboratively with all departments by providing compliance guidance and direction for continued best practices.
- Maintain proficiency in software tools necessary to complete requisite analysis and collaborate with software vendors as needed.
- Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
- Performs other duties as assigned or requested.
- Completes all required training.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Minimum 7 years experience working with Federal and State lending and compliance regulatory matters.
- Minimum 5 years in a banking or lending environment.
- Minimum 3 years experience using fair lending software/specialty programs as well as some industry standard mortgage software.
Skills and Knowledge
- College degree preferred.
- Advanced knowledge of fair lending and banking compliance laws and regulations.
- Proficiency in analyzing diverse business functions and processes to identify key risks and demonstrated success with implementing control improvement recommendations.
- Ability to interact with federal regulatory agencies.
- Ability to operate effectively in a fast-paced environment.
- Excellent organizational and analytical skills.
- Ability to communicate clearly and professionally with all levels of an organization.
- Excellent written and verbal communications skills.
- Effective interpersonal skills.
- Excellent time management skills and be accustomed to working with deadlines.
- Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus.
- Minimum 3 years management experience preferred
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish.City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
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