VP, Fair Lending

Description:

OUR CULTURE

Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and wellbeing of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins.

ABOUT THE POSITION

The VP, Fair Lending is responsible for managing the credit union's fair lending compliance program, ensuring adherence to applicable laws and regulations such as the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), and Home Mortgage Disclosure Act (HMDA). This role supports enterprise-wide fair lending risk management through monitoring, testing, analytics, training, and policy development.

NORMAL DAY-TO-DAY WORK

1. Manage the credit union's Fair Lending Program, ensuring it is effective, current, and aligned with regulatory expectations. Make recommendations on our Fair Lending plans, including program, policy and procedure reviews, training, testing and monitoring activities, risk assessments, complaint analysis, issues management and reporting.
2. Develop and implement fair lending policies, procedures, and governance frameworks.
3. Design and execute fair lending file reviews, comparative analysis, and targeted audits.
4. Conduct periodic risk assessments of fair lending practices across mortgage, consumer, and small business lending.
5. Monitor loan applications, decisions, pricing, and terms for disparate treatment or impact.
6. Oversee statistical analysis to detect potential discriminatory practices.
7. Prepare periodic fair lending monitoring and risk reports for senior management, Board committees, and regulators.
8. Recommend and track corrective actions and remediation efforts.
9. Review HMDA and CRA data for accuracy and potential fair lending concerns.
10. Coordinate responses to regulatory examinations, inquiries, and audit findings related to fair lending with the NCUA, CFPB and other state and federal regulators.
11. Provide guidance and training to staff on fair lending laws and emerging risks.
12. Serve as fair lending subject matter expert and advisor to business units, in consultation with the Legal and Risk/Compliance departments, for purposes of advising business units on federal and state fair lending laws and regulations and determining controls for mitigating fair lending risks across the organization.
13. Keeps current on changes to fair lending laws, regulations, and enforcement actions to ensure the Credit Union remains compliant.
14. Monitors industry trends and emerging risks to proactively address potential compliance issues.

JOB QUALIFICATIONS

Here are a few qualifications you MUST have to be qualified for this position.

1. Bachelor's degree in business, finance, law, or related field.
2. 10-12 years of experience in fair lending compliance, regulatory risk, and file review, with 4-6 years of management experience.
3. Advanced knowledge of fair lending regulations, including ECOA, FHA, HMDA, and UDAAP with the ability to interpret complex regulations and and apply them in a practical setting.
4. Exceptional analytical and critical thinking skills.
5. Strong understanding of data validation and reporting processes.
6. Excellent verbal, written, telephone and interpersonal communication skills.
7. Must possess a strong service orientation.
8. PC proficient including Microsoft Office (Word, Excel, PowerPoint, Access, Outlook) and the Internet.
9. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
10. Ability to lift a minimum of 25 lbs. (file boxes, computer printer).
11. Travel required on occasion.

Here are a few qualifications we'd LIKE for you to have.

1. Advanced degree (JD, MBA, or Master's in Compliance/Risk Management) is a plus.

If you have questions about this position description, please feel welcome to ask. You can reach HR at: Human Resources

3600 Wake Forest Rd, Raleigh, NC 27609

careers@lgfcu.org

Requirements:

PI276383276