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Senior Fair Lending Compliance Manager
Confirmed live in the last 24 hours
Edgewater, NJ, USA
Experience Level
Desired Skills
  • Minimum of eight (8) + years' experience in fair lending compliance capacity, with five (5) + years' experience in a project manager or lead position
  • Subject matter expert in fair lending laws, associated regulatory requirements, guidance, and examination standards
  • Demonstrated ability to research, read, and interpret government regulations, technical reports, and legal documents
  • Experience in developing and managing control processes required to maintain a proactive Compliance Management System (CMS) that meets regulatory expectations
  • Strong leadership interpersonal skills; ability to build consensus across diverse teams and achieve results through the efforts of other
  • Strong information and project management skills
  • Strategic and solution-oriented mindset with development analytical ability
  • Strong planning and organizational skills, with an ability to establish strategic direction and subsequently develop and manage supporting initiatives
  • Proven ability to prioritize and manage workload and to instill a sense of urgency in other as necessary to meet deadlines and/or goals
  • Extensive knowledge of bank operations and lending processes
  • Solid technology abilities, including intermediate proficiency with Microsoft Office and fundamental experience with fair lending or CRA reporting and analysis software (e.g., RiskExec, CRA Wiz, SAS, etc.)
  • Excellent presentation and communication skills, including technical writing abilities
  • Ability to respond to fair lending inquiries or complaints, regulatory agencies, lending partners, or industry stakeholders
  • Ability to competently manage and support staff
  • Bachelor's Degree required; advanced degree or certification preferred. Degree should have an emphasis in compliance, finance, regulatory review, accounting, law, government planning, or risk management, or an equivalent amount of relative experience
  • Assists the Director with implementation and oversight of the Bank's Fair Lending Compliance Program, including policies and procedures, program governance, staff, and compliance with federal and state fair lending laws and regulatory guidance
  • Supports the Director with an “exam ready” approach and managing fair lending examinations
  • S interpretations and clarifications of laws, regulations and issues relating to the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA) , fair banking and servicing, as well as other regulations as applicable; identifies and coordinates the implementation of new and updated regulations
  • Leads the preparation of and serves as one of the Bank's points of contact for regulatory examinations, internal audits, and reviews related to fair lending
  • Assists with corrective actions taken by management to address fair lending issues, including assisting with the implementation of corrective action plans, conducting follow-up reviews to determine the adequacy and effectiveness of the action taken and, effectiveness
  • Assists with developing and maintaining effective working relationships and communications internally as well as with regulatory agencies, lending partners, and industry stakeholders
  • Works with business units and FinTech partners engaged in lending activities to assess and implement fair lending-related risk mitigation activities, including controls and monitoring
  • Assists with support and education of business units and FinTech Partners concerning emerging fair lending risks impacting the Bank and appropriate risk management response
  • Delivers fair lending training to business units and third-party lending partners
  • Provide guidance on all fair lending related issues that arise internally at the Bank or at third-party lending partners
  • Review potential fair lending complaints and proposed responses from third-party lending partners, as necessary
  • Review and enhance Cross River's internal policies and procedure documents to reflect current regulatory requirements and associated control functions maintained to properly mitigate fair lending risks
  • Provide regular reporting to the Director on progress, team performance, at risk deadlines, material risk issues, and updates for oversight committees
  • Supervise lower-level team members, as assigned by the Director
  • Support other risk mitigation efforts of the Director on an ad hoc basis
Cross River Bank

501-1,000 employees

Financial technology infrastructure solutions
  • Generous parental & leave policies
  • Completely subsidized health, dental, & vision insurance
  • Complimentary dry cleaning
  • On-site haircuts
  • Endless snacks
  • Company events
Company Core Values
  • Authentic
  • Purposeful
  • Responsible