Fair Lending Regulatory Risk Management Associate
Posted on 7/19/2023
INACTIVE
Cross River Bank

501-1,000 employees

"Provides technology infrastructure for financial services"
Company Overview
Cross River Bank stands out as a leading workplace due to its robust technology infrastructure that powers the future of financial services, offering a unique competitive advantage in the industry. The company's proprietary real-time banking core enables it to deliver scalable embedded payments, cards, and lending solutions to millions, demonstrating its technical innovation. Furthermore, its leadership in faster payments and commitment to financial inclusion, as evidenced by its provision of FedNow to extend faster payments reach, showcases its industry leadership and commitment to reshaping global finance.
Financial Services
Data & Analytics

Company Stage

Series D

Total Funding

$987M

Founded

2008

Headquarters

Fort Lee, New Jersey

Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

25%
Locations
Edgewater, NJ, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Communications
Management
Data Analysis
CategoriesNew
Legal & Compliance
Requirements
  • Bachelor's degree in business, finance or related subject or equivalent work experience
  • Demonstrate drive and a strong affinity to learn new topics and skills quickly and apply them to the job to help achieve the goals of the Fair Lending team
  • Possess and maintain strong understanding and knowledge of consumer compliance laws and regulations
  • Possess flexibility to work collaboratively with internal and external partners as well as independently to perform responsibilities
  • Excellent communication skills, verbal and written; ability to communicate technical matters in a non-technical way
  • Assist in reporting regulatory concerns to leadership and regulators
  • Strong proficiency in time management and organizational sills
  • High level of detail orientation
Responsibilities
  • Assist with reviewing and interpreting data analysis and Fair Lending monitoring to determine risk associated with underwriting, pricing, and servicing
  • Perform research and development relating to fair lending risk monitoring, model review, and regulatory requirements
  • Collaborate across teams and MPL to track, monitoring, and resolve Fair Lending risk issues and findings
  • Assist with internal audits, regulatory exams, and compliance monitoring, including ensuring Fair Lending and related policies and procedure documents are kept up to date
  • Participate in high priority business projects involving Fair Lending transaction testing and advisory/operational support, working with CRB compliance leadership to align Fair Lending and CRA data strategy with CRB's overall enterprise strategies
  • Support in compliance advisory functions, regulatory projects, and examination preparedness
  • Review and collaborate on the Bank's partners and products to identify issues, escalate as needed, and make recommendations to ensure compliance efforts are risk-based and represent best practices
  • Work on projects or additional responsibilities as assigned by management
Desired Qualifications
  • 2+ years' experience in exam management and fair lending risk management for a consumer financial product company such as a non-depository mortgage lender, a banking regulator (e.g., FDIC, FRB, CFPB) or other related government regulatory or enforcement agencies
  • Practical knowledge of federal regulatory requirements, and factors influencing the business in which FinTechs operates, specifically: ECOA, FHA, CRA, and HMDA
  • Knowledge of how consumer financial products (commercial/consumer loans), personal loans, mortgage and credit card are underwritten and priced