Enable America Jobs

Position Title
Fair Banking Regulatory Submission Manager

Location
NYCB Plaza -102 (Hicksville, NY)

Job Summary
The Fair Banking Regulatory Submission Manager has responsibilities with respect to the Home Mortgage Disclosure Act (HMDA), Dodd Frank Act (DFA) Section 1071 (1071), Community Reinvestment Act (CRA), Equal Credit Reporting Act (ECOA), and Fair Housing Act (FHA). Regarding HMDA and 1071 responsibilities, the position is accountable for the compilation, accuracy, and submission of the HMDA and 1071 LARs (Loan Application Registers), which are the bases for CRA and Fair Lending Compliance Examinations by the OCC and CFPB. As the data managed by this role is used for discrimination testing, undetected quality issues would cause re-work or delay in planned Fair Lending analysis. Additionally, poor quality in data submitted can be determined to be a violation and incur significant financial penalties.

Par Range: $117, 184.74 - $155, 269.79 - $193, 354.83

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

• Responsible for overseeing and executing the bank's CRA and HMDA program compliance oversight (including compliance program, data collection, data integrity and data submission functions) to ensure the Bank remains compliant with applicable laws, rules, regulations, guidance, and best practices . Develop and implement a bank-wide approach to second line risk management oversight and monitoring program to ensure compliance with CRA, HMDA, Small Business, and other data collection requirements, focusing on identifying, managing, escalating, and remediating these compliance risks .
• Independently manage and conduct self-testing of loan data to ensure accuracy of LARs, quantify and assess potential risks, weaknesses, and gaps for remediation, and compliance with HMDA regulation; Prepare KRI reports for compliance monitoring for senior management review. Effectively communicate the results, conclusions, and recommendations of compliance reviews, monitoring and testing to senior and business line management.
• Provide compliance expertise, consultation, and advisory support on HMDA, DFA 1071, and other data collection requirements, including effective challenge and guidance on compliance risks for line of business initiatives and ongoing activities . Monitor and review changes in laws and regulations regarding HMDA, DFA 1071, and CRA.
• Monitor regulatory and industry updates, best practices and emerging risks and advise line of business partners to improve and/or develop appropriate monitoring, controls, and risk management activities in response to regulatory change related to HMDA, 1071 and other data collection requirements. Continuously update procedures for collection, reporting and testing of HMDA, 1071, and CRA reportable loans provided to the CFBP, internal third-party audits.
• Build cross-functional relationships throughout the organization and collaborate across many lines of business and bank divisions, as well as Technology, Legal, Risk, Internal Audit and Compliance Risk partners to manage, escalate and remediate compliance risk . Collect information and participate in internal audits and regulatory exams. Prepare reports and communications for the Fair Banking Program and CRA Program.
• D evelop written procedures and ongoing training materials related to compliance oversight of HMDA, DFA 1071, and data collection requirements to efficiently and effectively prepare the bank for successful examinations.
• Lead, direct and support a high performing team; oversee professional development of staff to support departmental succession planning
• Evolve and leverage technical tools to increase efficiency of program while increasing frequency and coverage of testing and monitoring.

• Uses independent judgement and discretion to make decisions regarding materiality of data issues and extent of root causes. Escalate compliance risks and issues, and collaborate with compliance, risk, legal and line of business partners to implement appropriate and effective action plans to remediate identified risks
• Analyzes and resolves problems pertaining to root causes of data quality and addressing systemic solutions. Identifies and implements process efficiencies in monitoring data.
• Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent)
• 8 Years of experience in consumer regulatory compliance, preferably in HMDA, CRA or Fair Lending, or Internal Audit.
• 6 years of experience in ECOA, FHA, HMDA, CRA, and state fair lending laws.
• 5 years of experience in HMDA submission.
• 4 years of managerial experience in a financial institution setting or regulatory agency.
• Extensive training in mortgage lending rules and regulations.

Preferred Qualifications:

• Certified Regulatory Compliance Manager (CRCM)
• Data management and fair lending programs (e.g., RATA Comply software), etc.

Job Competencies:

• Knowledge of consumer protection laws and regulations impacting financial institutions.
• Experience in data management and data integrity reviews.
• Subject matter expertise in federal and state laws, regulations, rules, and guidance related to CRA, HMDA, Regulation B, data collection.
• Working knowledge of bank products, services and business operations for retail, consumer, business, and commercial lines of business.
• Excellent oral and written communication skills
• Proven ability to partner effectively across all levels of the organization and develop positive working relationships.
• Able to manage and execute multiple complex projects within required timelines
• Demonstrated conceptual thinking and analytical skills
• Ability to work independently in a continuously changing environment
• Inquisitive nature, resourceful, and ability to seek out information and develop sound conclusions and strategies
• Understands data management and data integrity
• 0-5% Travel
• Physical demands (ADA): The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting.

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

Minimum Salary: 0.00 Maximum Salary: 0.00 Salary Unit: Yearly