Compliance Director - Fair Lending Officer

Job Type Full-time Description

ABOUT US

Coastal Community Bank is a little bit of banking and a little bit of tech-ing. The people at Coastal don’t just help people with their banking; they help reshape how banking technology allows and serves EVERYONE. We think and work like entrepreneurs, always moving and constantly improving. We care about each other, are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together—you belong here.

WHAT YOU'LL DO

As Compliance Director – Fair Lending Officer at Coastal, you will be responsible for ensuring the bank's adherence to fair lending regulations and responsible banking practices, particularly focusing on HMDA, ECOA/Reg B, FHA, and fair lending laws and regulations. You will lead efforts to maintain data integrity, develop compliance programs, and build strong internal and external partnerships. Your role involves interpreting regulatory requirements, managing a team, and providing compliance guidance to various stakeholders, including Bank Business Lines, BaaS Strategic Partners, the Board of Directors, and Executives. You will play a critical role in decision-making, problem-solving, and maintaining the bank's compliance with industry standards related to Fair and Responsible Banking (F&RB).

Requirements

HOW YOU'LL DO IT

• Develop and maintain the Bank’s Fair Lending Program and provide oversight to the BaaS Strategic Partner’s programs.
• Develop fair lending monitoring and testing plans, and perform periodic analysis, including but not limited to comparative file/matched pair analysis, underwriting and pricing disparity analysis, redlining analysis, and benchmarking to peers. 
• Develop and execute the Fair Lending Risk Assessment for the Bank and its BaaS Strategic Partners. 
• Provide oversight for HMDA and 1071 regulatory reporting.
• Review complaints for fair lending issues or risks, including for discrimination, and ensure satisfactory resolution. 
• Review issues for fair lending risk and provide oversight for timely remediation.
• Prepare periodic fair lending reports for senior leadership, Board and committees, that includes significant fair lending developments, fair lending risk monitoring and testing results, and fair lending key risk indicators. 
• Maintain proficiency in software tools necessary to complete regulatory submission and performance of fair lending analysis. 
• Provides regulatory compliance guidance to the Bank’s business units and BaaS Strategic Partners regarding compliance inquiries and program requirements for the Fair lending laws and regulations. 
• Develop the fair lending policy, program standards, and tools for administering and in support of executing the Fair Lending program.
• Actively monitor external resources for emerging fair lending related compliance trends or changes to the compliance environment, assess applicability to Bank and/or BaaS Strategic Partners, and effectively support implementation of the change. 
• Oversee the Fair Lending training program for Bank, and the Board of Directors, including assignments, and developing and delivering customized training as needed.
• Review credit policies/procedures/models, loan operations processes, loan pricing, marketing strategies, new and modified lending products (including BaaS Partner products), business changes (including addition of new BaaS partners), and services performed by third party vendors to proactively identify any Fair Lending risks and issues.
• Manage the collection of information for regulatory examinations and fair lending-related audits, help conduct post-examination follow up, prepare responses to examination and audit reports, and oversee corrective actions. 
• Manage Fair Lending team, and develop skills of staff through goal setting, coaching, problem resolution, delegation, training, counseling, and performance management.
• Provide subject matter guidance on consumer protection rules and regulations, including but not limited to Home Mortgage Disclosure Act; Fair Housing Act; Equal Credit Opportunity Act; and other fair lending laws.
• Build and maintains strong relationships with key stakeholders, team members, internal risk partners and Bank business line management.
• Participates in internal and CCBX Partner meetings.
• Provide service in accordance with Coastal Core Values.

WHAT YOU'LL BRING

• Exceptional analytical and problem-solving skills with strong attention to detail and accuracy.
• Ability to interpret data from various sources and research fair lending and responsible banking issues.
• Strong organization, time management, a