Director, Fair & Responsible Banking (Hybrid--Richmond, VA)

This role will lead the enterprise-wide Fair Banking and Community Reinvestment Act (CRA) advisory, oversight and monitoring function and will be a key member of the Compliance senior leadership team.  The Fair and Responsible Banking Officer shall be responsible for assessing Community Reinvestment Act (CRA), Fair Lending/Banking, and Unfair, Deceptive, Abusive, Acts or Practices (UDAAP)  risks within the First Line of Defense (FLOD) functions by conducting ongoing regulatory monitoring and partnering  with First Line of Defense (1LOD) business units, Second Line of Defense (2LOD) Compliance, Risk and Legal teams to influence strategic direction, provide subject matter expertise, and offer oversight/effective challenge  to ensure that adequate controls and performance elements are developed and maintained throughout the enterprise

Position Accountabilities

• Design, implement, and expand the enterprise-wide CRA, Fair Banking and UDAAP 2LOD advisory and oversight function for the enterprise, ensuring alignment with regulatory requirements, applicable state and federal laws, and internal company policies and procedures.
• Build, lead and mentor a team of experienced compliance professionals on all aspects of CRA and fair and responsible banking oversight and regulatory advisory.
• Serve as the enterprise subject matter expert of fair lending/banking, UDAAP and applicable consumer protection laws (ex. Regulation B (ECOA), Fair Housing Act, UDAAP, etc.)
• Provide semi-annual programmatic updates to senior/executive management and the Board.
• Provides subject matter expertise and assistance in the coordination and preparation for Regulatory exams and internal audits; including regular interactions with both examiners and auditors.
• Develop enhanced reporting to provide more routine analysis of performance to management.
• Drive the ongoing analytical program for the oversight of the Fair Lending and CRA programs.
• Partner with LOB Compliance Advisors as the primary point of contact for CRA/FB/UDAAP programs, offering advice and guidance on the identification, mitigation, and/or remediation of regulatory risks and to serve as a credible effective challenge to the 1LOD.
• Lead and perform compliance monitoring reviews and analysis to assess performance, risks, internal controls and adherence to regulatory requirements specific to any area of the organization relative to CRA/FB/UDAAP.
• Lead the advisory function for Fair Banking and CRA programs and provide insight to management to influence strategy and performance for the First Line.
• Drive the Identification of risks, root cause, control weaknesses or gaps through regulatory monitoring & self-assessment reviews and work with LOB advisors to devise action plans in order to correct/mitigate deficiencies.
• Report results of reviews and feedback to management, business owners and relevant risk committees of the Bank and recommend strategies to improve performance.
• Maintain relationships with regulators and own routine reporting and updates on the enterprise-wide performance.
• Review, update and create (when necessary) relevant policies and procedures to ensure Compliance oversight for supported 1LOD areas.
• Provide advisory, oversight and effective challenge (as needed) in the development and implementation of new products, processes and initiatives within the 1LOD with a CRA/Fair Banking/UDAAP impact.
• Escalate and report any potential violations of law, regulations or fraud to the LOB Compliance Advisor, Legal and Fraud units.
• Work to ensure the Fair Banking team maintain, enforce, and strengthen Atlantic Union's Horizontal Compliance Program Elements.
• Host routine updates with other risk partners (1st and 2nd Line) for program reviews.
• Stays abreast of changes to federal and state banking laws and regulations affecting program areas and areas of operations at Atlantic Union; share findings with LOB Compliance Advisors to inform management of upcoming changes.
• Assist with research, dissemination and implementation of new and updated regulatory requirements.
• Adhere to all applicable laws and regulations governing bank operations, including compliance with Atlantic Union Compliance Program and associated policies and procedures.
• Assist with development, review, publishing and delivery of compliance related training materials.
• Obtain necessary training to keep current on regulatory compliance and bank operations.
• Performs other duties as assigned.

Organizational Relationship

This position reports to the Director, Regulatory and Strategic Initiatives 

Position Qualifications

Education & Experience

• Bachelor's Degree preferred
• Minimum 10 years of