Loan Regulatory Compliance Director

Employer
Request Technology
Location
Mclean, VA
Posted
Sep 14, 2017
Closes
Sep 19, 2017
Function
Executive, Director
Hours
Full Time
Prestigious Enterprise Company is currently seeking a Director for Regulatory Compliance within Fair Lending. Candidate will provides guidance on fair lending risk management, assesses fair lending risks, evaluates the effectiveness of fair lending controls, and designs and executes a fair lending compliance training and awareness program. Candidate will also provide support in other areas of consumer protection compliance. Responsibilities: Work closely with the Legal Department to update the corporate Fair Lending Policy, develop Fair Lending Standards, and execute the Fair Lending Compliance Program. Review and, as appropriate, challenge the assessments of fair lending risks and controls by the business lines. Assess fair lending statistical analysis performed by the business and determine if that analysis demonstrates that fair lending risk is within acceptable levels. Evaluate actions taken by the business lines to address remediation of fair lending compliance issues. Monitor fair lending risk indicators, evaluate emerging fair lending risks, and advise business lines on the appropriate response, as needed. Develop and provide fair lending training to meet individual business unit and corporate needs. Develop reporting to Management and the Board of Directors on fair lending risk, issues and remediation. Assess fair lending impacts of business and system changes. Provide assistance, as needed, in other areas of consumer protection compliance including Truth In Lending Act (TILA); Servicemember's Civil Relief Act (SCRA); Unfair, Deceptive, Abusive Acts or Practices (UDAAP); and others. Qualifications: Detail oriented. Bachelor's degree required. Recognized compliance certification or equivalent a plus. 5-7 plus years' experience in fair lending. Demonstrated subject matter expertise in Fair Lending laws, examination standards, supervisory expectations, and industry best practices. Strong analytical skills and good understanding of fair lending quantitative analysis and methods. Experience with risk-based fair lending programs within a three-lines-of-defense risk management framework.Loan Regulatory Compliance Director