Regions Bank · 2 months ago
Fair Lending / CRA Programs & Transformation Manager
Charlotte, NC
Full-time
Onsite
Senior Level, Lead/Staff
$135K/yr - $184K/yr
10+ years expRegions Bank is dedicated to providing a career-focused environment for its associates. The Fair Lending / CRA Programs & Transformation Manager will oversee the organization's Fair Lending Program, integrating CRA strategies and enhancing community lending commitments through data-driven strategies and compliance oversight.
BankingInsurance
No H1B
Responsibilities
Directs compliance reviews and provides oversight of legal entities, business units, and processes
Advises leadership on key business and/or product decisions
Provides requested information to regulatory agencies and advises management on potential and ongoing compliance issues
Maintains expert level knowledge of rules and regulations and their impact on products, services and operations for a specific line of business
Oversees the resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or processes
Oversees a monitoring and testing program to ensure effective compliance with all applicable laws and regulations
Manages creation and delivery of training to assigned business area to increase compliance awareness
May supervise day-to-day work of other professional level compliance associates
May contribute to workflow or process change and redesign, and risk and control identification
Monitor market-level home lending application and origination results versus HMDA peer performance for both Majority-Minority Census Tract (MMCT) and Low-Moderate Income (LMI) segments
Work with local Mortgage and Retail executives, leaders, and partners, to develop and monitor targeted action plans and lending strategies where performance indicates opportunities for improvement remain
Lead the development and execution of the Consumer Fair Lending oversight program including risk management, continuous improvement objectives, internal performance reporting and governance routines
Utilize data and analytics to provide market leaders with insights and recommended strategies to improve community lending performance in their markets
Review and respond to fair lending risk assessments and statistical analyses
Provide guidance and proactive education of Fair Lending and CRA to the Mortgage and Retail segments
Owns the Consumer Fair Lending Program document and ensure adherence to requirements with stakeholders throughout the organization; maintain documentation and reporting for fair lending activities
Manage internal and external audits and regulatory examinations
Stay current on regulatory changes and industry best practices
The role ensures adherence to federal and state fair lending laws such as the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act
Qualification
Required
Bachelor's degree and ten (10) years experience in compliance, quality assurance/control, audit or other related compliance function specific to a line of business
Ability to work independently
Deadline driven
Knowledge of legal and regulatory environment as it relates to compliance in a particular line of business
Organizational skills
Proficiency in Microsoft Office Suite
Strong Communication skills
Time management skills
Preferred
Masters degree
Certified Regulatory Compliance Manager Certification (CRCM)
Excellent analytical, communication, and project management skills
Team-oriented, able to bring together multiple disciplines to achieve common goals
Data sourcing, reporting, and analysis; familiarity with statistical analysis tools
Knowledge of U.S. fair lending laws and regulations and HMDA
Ability to interpret complex data and regulatory requirements
Benefits
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Company
Regions Bank
Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
10001+ employees
Funding
Current Stage
Late StageTotal Funding
unknown2018-04-06Acquired
Leadership Team
Brian Happel
Executive Vice President and Fort Worth Market CEO
Daniel Hobbs
Executive Vice President, Head of Corporate Finance and Business Lines CFO
Recent News
2024-04-30
Business Journals
2024-04-28
Company data provided by crunchbase