Fair Banking Director Job Listing at Valley Bank in Morristown, NJ (Job ID 24-121)

Description

Responsibilities include, but are not limited to:

• Provide strategic leadership in monitoring the Bank's Banking Program specifically oversight of fair lending and UDAAP risk programs.
• Set fair lending priorities for the bank along with LOB Leadership and manage the Fair Banking program and present accurate reporting - results to Board Risk Committee.
• Assess fair banking/lending risks by preparing periodic fair banking/lending risk assessments of the bank and applicable business units.
• Analyze Bank's Fair Banking Program performance. Monitor and test program elements for evidence of Redlining, Steering,
• Discrimination, Unfair, deceptive, or abusive acts or practices.
• Develop and conduct fair banking training to meet individual business unit and corporate requirements in conjunction with the Learning and Development Department.
• Provide regulatory oversight and guidance for the Home Mortgage Disclosure Act (HMDA) data collection.
• Oversee new and existing vendor risk assessments.
• Manage exam requirements including requested exam material and oversee Fair Lending Examinations conducted by the CFPB and OCC as well as Internal Audit.
• Administer and oversee fair lending statistical reviews and understand results.
• Assess residual compliance risk and document findings related to vulnerabilities. Create and develop action plans with appropriate measures to lower residual risk to an acceptable level.
• Perform fair lending due diligence for mergers and acquisitions.
• Assist and oversee the execution of quarterly/annual risk assessments (including fair lending) in the GRC system and manage and maintain regulatory compliance content.
• Review advertising and marketing of the bank and all communications to the public to ensure compliance with applicable laws and regulations.
• Monitor regulatory developments, research and trends and assist the CCO in taking appropriate action to ensure the bank complies with new or amended regulations.
• Participation in committees and lead sub-committees on Fair Lending and UDAAP as warranted.
• Maintain strong industry network and participate in industry organizations.