Job Vacancy Fair and Responsible Banking Advisor Alliant Credit Union

Job title: Fair and Responsible Banking Advisor

Company: Alliant Credit Union

Job description: Start a Rewarding Career with Alliant

What will your day look like?

The Fair and Responsible Banking (FRB) Advisor is responsible for developing, implementing, and maintaining various elements of the Alliant Credit Union’s (Alliant) FRB Program. The incumbent will maintain and demonstrate current knowledge of applicable state and federal consumer protection laws and regulations which include, but are not limited to; ECOA, HMDA, Illinois CRA, ADA, MLA, FCRA, FDCPA, FHA, SCRA, and the portions of Dodd-Frank as it relates to fair lending and UDAAP. As a second line of defense subject matter expert, the FRB Advisor will advise the first line of defense lines of business (LOB) and second line of defense risk partners to ensure that Alliant policies, procedures, products, and services are compliant with the ever-changing aforementioned laws and regulations.


Do you see yourself doing this?

  • Advise on various projects, third-party vendor relationships, complaints, and ad hoc questions as it relates to the Aliant’s FRB program and applicable consumer protection laws and regulations.
  • Interpret existing and emerging laws, regulations, regulatory communications, and enforcement actions and perform an impact analysis to determine the potential impact on Alliant and the individual LOBs.
  • Assist the FRB senior manager with building out a robust in-house fair lending analysis and reporting program for consumers and small businesses which includes conducting comparative file reviews and performing underwriting and pricing data analytics.
  • Perform data integrity validations of HMDA data using a risk-based statistical approach to ensure a reasonable level of accuracy is achieved.
  • Evaluate both internal and external model validations to assess potential fair lending risk of the model variables for both traditional and machine learning/ artificial intelligence models (ML/AI).
  • Research and analyze for necessary additions or changes to company policies and procedures, to ensure compliance with applicable state and federal laws and regulations.
  • Provide support to the LOBs regarding development and implementation of FRB policies and procedures and make procedural recommendations and enhancements as necessary.
  • Assess fair lending risks by preparing FRB risk assessments from an organizational, LOB, and product and life cycle standpoint.
  • Develop written reports and/or Advisory memos to guide management, risk partners, and LOB concerning any key fair lending issues.
  • Partner with management and LOB’s to formulate and execute remedial steps or measures to mitigate any identified FRB compliance risks.
  • Assess and develop FRB training, both online and in-person, to meet individual LOB and regulatory requirements, including general awareness and role-based training as needed.
  • Support the FRB team by assisting with and serving as the subject matter expert for regulatory exams, Compliance Testing reviews, and audits.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensure compliance with all applicable state and federal laws, company procedures and policies. Maintain integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

Where permitted by applicable law, successful applicants to this position must either have received or be willing to receive the COVID-19 vaccination by date of hire to be considered (proof of vaccination is required), or be willing to submit a negative COVID-19 test result in advance of each visit to an Alliant facility.


What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor’s degree with 4+ years’ relevant experience in in fair banking or UDAAP compliance role and/or experience in executing a Fair and Responsible Banking Program.

  • Bachelor’s degree in finance, economics, statistics, or mathematics required.
  • CRCM certification strongly desired.
  • Regulatory experience with a regulatory agency (e.g. FDIC, cfpb) or other related government regulatory or enforcement agency is a plus.
  • In-depth knowledge of Fair and Responsible Banking laws and regulations including, but not limited to the analysis of lending data for HMDA and Fair Lending.
  • Knowledge of how consumer financial products such as mortgage, credit card, auto, and personal loans are underwritten and priced using risk-based pricing models.
  • Ability to independently and soundly advise business partners and identify regulatory compliance risks.
  • Ability to provide pragmatic and sound solutions for identified issues and areas of enhancement.
  • Demonstrated critical thinking and problem-solving skills.
  • Ability to manage several assignments and projects simultaneously while effectively prioritizing tasks.
  • Strong proficiency in time management and organizational skills.
  • Ability to work efficiently and productively, with others or independently.
  • Excellent communication skills, verbal and written; ability to communicate technical matters in a non-technical way.
  • Experience with Tableau preferred.
  • Proficient with Microsoft Office Products: Word, Excel, Outlook and PowerPoint.

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

For more details you can also visit our and profiles.

Expected salary:

Location: Chicago, IL

Job date: Fri, 24 Jun 2022 00:52:45 GMT

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