AVP, Fair and Responsible Banking

Job Description:

Role Summary/Purpose:

Assist the VP, Fair and Responsible Banking with the design, build and implementation of a program to further enhance the identification, monitoring and reporting of aggregate risk related to unfair, deceptive or abusive acts or practices (“UDAAP”).  Further, this role will assist in the development and implementation of the UDAAP Risk Assessment and enhancements to the existing Fair Lending Risk Assessment.

We’re proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.

Essential Responsibilities:

• Assist in the design and implementation of a stand-alone UDAAP Risk Assessment as a supplement to the Compliance Risk Assessment, demonstrating the linkage of inherent risk, control environment and residual risk specific to UDAAP at the product level.

• Assist in the enhancement of the existing Fair Lending Risk Assessment ("FLRA") through mapping of the regulatory defined inherent risk factors to fair lending laws and regulations.

• Assist in standardizing risk assessment expectations and guidelines when identifying and mitigating fair and responsible banking risk associated with new products, clients, suppliers, capabilities and processes.

• Assist with the review of the Fair and Responsible Banking Policy and supporting procedures.

• In collaboration with other compliance subject matter experts, provide effective challenge and oversight as it relates to new and existing products, capabilities  and processes for limited English proficiency customers.  In addition, review and recommend changes as necessary to any business policies, procedures and guidelines associated with the origination and servicing of financial products for limited English proficiency consumers.

• Assist in the development of communications and training materials to educate business leaders, employees and third party suppliers regarding fair and responsible banking.

• Keep pace with the latest developments in the regulatory environment and the financial services industry to provide guidance as it relates to fair and responsible banking and the servicing of limited English proficiency consumers

• Perform other duties and/or special projects as assigned.

Qualifications/Requirements:

• Bachelor Degree and 3+ years of risk management or compliance experience in financial services or in lieu of the Bachelors, a minimum of 5+ years of risk or compliance experience

• Ability to interpret and apply various fair lending laws and regulations

• Working knowledge of policies, procedures and operations related to fair lending

• Knowledge and experience with Microsoft Office (Excel, Word, Power Point and Access)

Desired Characteristics:

• Excellent organizational skills and ability to manage time efficiently

• Ability to influence and collaborate across a matrixed organization

• Highly motivated individual with the ability to be proactive in risk identification, take initiative, and carefully monitor, follow through, and complete responsibilities in a professional and timely manner

• Excellent interpersonal and communication skills, with the ability to interact effectively with and present to all levels within the organization.

Grade/Level: 10

The salary range for this position is 75,000.00 - 130,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

• You must be 18 years or older

• You must have a high school diploma or equivalent

• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.  Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post