Manager, Fair & Responsible Banking Program Admin

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

The Fair and Responsible Banking Manager’s primary job responsibility is to manage the operational aspects of Webster Bank’s lending activities including small business, mortgages, HMDA and CRA Reportable Analytics and Reporting Program, which includes data collection, validation, compilation and analysis. The incumbent will collect and validate critical data elements required for regulatory compliance and reporting and to accurately perform CRA and fair lending analyses using basic statistical techniques (mean, standard deviations, statistical significance) of data analytics software. The successful candidate will also assist with implementation of CRA and Fair and Responsible Banking regulatory change management initiatives.

Responsibilities Include, without limitation:

• Assisting with the development of fair and responsible banking analytics and regulatory reporting program

• Analyzing, interpreting, and maintaining a strong knowledge of all current and proposed relevant laws and regulations that are managed under and/or are impacting the Fair and Responsible Banking Program.

• Analyzing potential anomalies in bank data and determining solutions to correct deficiencies, limit repeat deficiencies or other recommended courses of action.

• Summarizing and effectively communicating the results of Webster’s Fair and Responsible Banking Analyses and/or other reviews, including conclusions and recommendations.

• Communicating best practices and expectations and assisting with the implementation of strategic plans to address deficiencies.

• Conducting data integrity reviews and testing or monitoring to identify control issues which require corrective action and resolution.

• Conducting comparative or investigative reviews to determine whether policies and procedures were followed.

• Identifying policies/trends/data integrity issues that may contribute to fair lending/banking risk.

• Recommending internal control improvements and identifying specific instances where remediation may be required.

• Developing and monitoring procedures and executing analyses designed to evaluate data for evidence of disparate treatment/impact.

• Collaborating with Corporate Compliance partners and business line representatives to identify and mitigate Fair Lending/Banking risk.

• Preparing and assisting the Annual Regulatory HMDA and CRA Submission efforts

• Assisting with preparation of regulatory examinations and audits.

Educations, Skills & Experience:

• Bachelor’s degree required or higher degree preferred, and 4+ years related experience

• Strong regulatory knowledge and experience with Fair Lending, CRA, and HMDA as well as NYDFS small business

• Experience with Wolters Kluwer/RiskExec CRA, HMDA, Section 1071 or other related software modules

• Strong analytical and organizational skills using Excel or other similar software.

• Ability to prioritize work to meet deadlines

• Ability to manage multiple assignments concurrently

• Ability to collaborate with others

• Impeccable attention to detail

• Strong communication skills - written and verbal

This position is a hybrid role and can be based within Webster’s footprint -Connecticut or New York

The estimated base salary range for this position is $100,000 USD to $130,000 USD.  Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

#LI-DNI

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientati