Fair Banking Statistical Analyst

Open to remote, hybrid or in-office.

Come to work for a company you can be proud to work for...and enjoy fantastic, comprehensive benefits.

The hiring range for this opportunity is $85,000 to $120,000 annually along with incentive opportunities, creating a competitive total compensation package based on our pay scale, and may be modified by location and is commensurate with qualifications and experience.

The CRA/Fair Lending Statistical Analyst uses a combination of fair banking monitoring reviews, data analytics and statistical analyses related to the CRA and Fair Banking program to proactively identify regulatory risks or gaps in controls and recommends corrective action. The role is responsible for providing research and analytical expertise; communicating compliance deficiencies, potential risks, and performance trends to management and staff; coordinating with and aiding management in developing and implementing corrective action to resolve identified problems.

MAJOR RESPONSIBILITIES
- Monitor the Bank’s compliance with fair banking laws by utilizing RiskExec to analyze fair banking activities and identify risks. Statistical analyses will be performed to determine risk associated with underwriting, pricing, redlining, steering, marketing and servicing. Perform regression testing, identify matched pairs, and conduct file reviews to monitor potential unfair treatment. RiskExec or comparable software will also be used to create maps and perform peer analyses.
- Write testing/monitoring reports summarizing scope, methodology, observations, and conclusions including supporting documentation showing the results of the analysis performed.
- Collaborate with key stakeholders and business units to share results of fair lending testing, and to consult on control enhancements if necessary. Also assist lines of business by reviewing products, services, marketing strategies, policies, procedures and training materials to assess fair banking risk.
- Assist in conducting and updating fair banking risk assessment, including evaluation of inherent risk as well as the sufficiency of business unit controls to detect and prevent fair banking risk
- Perform advanced data and statistical analysis in support of the creation and maintenance of statistical tools, models, including Regression and Multivariate tools/models.
- Support the Fair Banking Compliance Manager in data analysis and model construction. Provide oversight and expertise in the model creation, testing and validation.
- Perform data manipulation and analysis using SQL, SAS, R, Python, or an industry recognized Fair Lending Software Analytics program and present results and recommendations to key stakeholders i.e., Credit, Product Development, Marketing, Production and governance committees including i.e. CRA & Fair Lending Committee and Enterprise Risk Committee.
- Effectively manage analysis timelines to align with, and complete in a timely manner, with the Fair Banking’s annual monitoring plan.
- Participate in ongoing compliance risk assessments based on lines of business and by CRA and Fair Lending regulations; identify acceptable level of compliance risk and corresponding controls; identify and provide solutions to address gaps in controls, mitigate compliance risks, and enhance compliance training.
- Participate in new product development to ensure compliance with CRA and Fair Banking regulations.
- Prepare quality performance metric reports on Fair Banking for the Board, management, and key stakeholders. Provide recommendations regarding opportunities for improvement, and areas of concern, etc. Identify and track appropriate KRIs/KPIs to assist the organization with understanding its fair banking risk profile and performance.
- Assists in the administration of state and federal regulator CRA and fair lending audits or examinations and reviews; assists with responses; ensures deficiencies are addressed and corrective actions are effective and validated.
- Assist with preparing and presenting periodic reports to the designated governance committee concerning the Bank’s ongoing compliance with CRA and Fair Banking regulations.

OTHER RESPONSIBILITIES
- Create and maintain methodology and procedures including change control log for statistical tools/models.
- Write validation reports documenting the independent validation process including important observations, recommendations, and associated remedial actions.
- Develop and maintain effective working relationships with key stakeholders, ensuring effective communication and understanding of model validation findings
- Review ongoing tool/model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
- Monitor and assess legislative and regulatory changes to ensure that appropriate personnel are informed, and changes are made as necessary to the Bank’s policies, procedures and monitoring activities to comply with regulatory requirements.
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