This job was posted by https://www.arjoblink.arkansas.gov : For more information, please see: https://www.arjoblink.arkansas.gov/jobs/4191260

The Senior Compliance Officer, Fair and Responsible Banking provides subject matter expertise on fair and responsible banking laws, including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Service members Civil Relief Act (SCRA), Military Lending Act (MLA), Home Mortgage Disclosure Act (HMDA) along with related laws and regulations and other regulatory guidance. This position works directly with business lines and other corporate functions to ensure compliance oversight and provide support about compliance and audit exceptions with applicable laws and regulations. The Senior Compliance Officer, Fair and Responsible Banking identifies and assesses fair and responsible banking risks associated with the products and services and assists in the preparation of Fair Lending and UDAAP Risk Assessments. This position provides recommendations and guidance with conducting Fair Lending monitoring, testing and reporting through statistical analysis and transaction reviews to determine fair lending risk.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Maintain a sound knowledge of State and Federal regulations and laws, specifically Fair Lending, HMDA, Community Reinvestment Act and the Bank\'s policies relating to lending and consumer compliance regulations, and how they apply to the Company and assigned business lines. This duty is performed daily, about 10% of the time.

This position is available at any Cenntienal Banbk location in Arkansas.

2. Identify gaps in product/services and recommends lending, service, and investment strategies to support the Banks Fair Lending and HMDA reporting efforts under large institution performance criteria. This duty is performed weekly, about 5% of the time.

3. Provides guidance and recommendations to subject matter experts within the Banks business units in the identification and recommendation mitigation of risks relevant to Fair Lending and HMDA reporting. This duty is performed daily, about 5% of the time.

4. Reviews reports of findings prepared by Internal Audit and Federal and State regulatory agencies relating to regulatory compliance audits, and ensures findings and recommendations are being monitored and remediation completed in a timely manner. This duty is performed weekly, about 5% of the time.

5. Provide guidance to Bank staff regarding complex compliance issues. Evaluates and designs programs to ensure appropriate level of compliance within the company. Interacts with all levels of the bank to communicate and disseminate compliance concepts and issues. This duty is performed daily, about 5% of the time.

6. Establish and maintain a collaborative working relationship with lending and retail personnel, as well as, HMDA quality control staff. This duty is performed weekly, about 5% of the time.

7. Perform periodic analysis of lending and denial activity to document fair lending risks. This duty is performed monthly, about 2% of the time.

8. Responsible for updating the fair lending and UDAAP risk assessments periodically, including design, control inventory, and execution of launching or updating products and services. This duty is performed annually, about 2% of the time.

9. Provides guidance, recommendations and assistance to the Training Department in maintaining fair banking training materials for appropriate employees and job functions as necessary. This duty is performed annually, about 2% of the time.

10. Coordinate with lending lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems to ensure compliance with applicable fair lending related laws and regulations, including identify ng and assessing risks. This duty is performed weekly, about 2% of the time.

11. Perform ongoing reviews of consumer complaints, advertisements, loan approval and denial documentation, and all applicable consumer related forms for fair banking risks. This duty is performed weekly, about 15% of the time.

12. Consult with and advise business lines and other stakeholders on fair and responsible banking risks and controls through established review processes and procedures. This duty is performed weekly, about 5% of the time.

13. Review business line incentive compensation plans for potential risks that can arise from the design and operation of the plans, and ensure risk is sufficiently mitigated prior to implementation. This duty is performed annually, about 2% of the time.

14. Participate in regulatory change management assessments and associated business change projects. This duty is performed monthly, about 5% of the time.

15. Participate in or review the results of monitoring and testing activities performed by business lines. This duty is performed daily, about 15% of the time.

16. Stay current on business line products, services and processes, distribution channels, geographies, organizational structures and related regulatory requirements. This duty is performed monthly, about 5% of the time.

17. Responsible for advising appropriate business lines on accurate colle