CRA & Fair Lending Data Analyst II

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience.   

                             

Job Duties and Responsibilities: 

The Compliance/Quantitative Analyst will perform a broad range of analyses, including quantitative analysis of bank and customer data, to support the Corporate Compliance Department within Provident Bank. The individual will interact with the Chief Compliance Officer, Fair and Responsible Banking Officer, and the CRA Officer.  As the Compliance/Quantitative Analyst, you will play a crucial role in ensuring the Bank remains in compliance with all regulatory requirements and identifying potential fair lending risks and opportunities. This position requires a strong analytical background, excellent problem-solving skills, and the ability to work with complex datasets.

 

• Proficient in data analysis tools and software to conduct analysis of the Bank’s consumer compliance data, including: Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA) and other lending and deposit related data to identify lending and deposit gathering anomalies that may indicate a need for management to adjust current procedures and/or practices so as to eliminate and/or mitigate possible fair lending risks;
• Provide governance over CRA qualified investments and donations, HMDA reportable transactions, small business lending, flexible lending programs, community development loans and employee volunteer hours.
• Develop and maintain various management reports to help ensure the quality of the Department’s on-going operations and early identification of risks posed to the Department and Bank.
• Design and develop key compliance management dashboards.
• Expertise in utilizing various monitoring software programs, such as Questsoft and NContracts to perform thorough compliance assessments and reviews. 

 

SKILLS AND TRAINING:

 

• Ability to work independently and in collaboration with other team members and external partners
• Banking experience and/or general knowledge of banking regulations a plus
• Ability to effectively communicate with stakeholders
• Ability to operate independently
• This position requires a strong analytical background, excellent problem-solving skills, and the ability to work with complex datasets.

 

EDUCATION:

• Bachelors Degree or  2-4 years of relevant work experience in a corporate compliance function.

 

WORK EXPERIENCE:

 

• Experience with development of testing methodologies and creation of working papers
• Expertise in utilizing various monitoring software programs, such as Questsoft and NContracts to perform thorough compliance assessments and reviews.

 

LICENSES AND/OR CERTIFICATES: Specialty licensing or certifications a plus

 

WORKING CONDITIONS: Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.

 

Hazards:  The hazards are mainly those present in a normal office setting and those present in commuting by car. Occasionally may be exposed to those conditions present in public forums and meeting places.

 

TRAVEL REQUIREMENTS:   May require travel between Customer sites, Provident Offices, or Branches