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Reporting to the US Bank Compliance Head of Fair Lending Risk Compliance, the Fair Lending Compliance Risk Officer will be responsible for fair lending statistical testing of bank lending products; writing and revising fair lending policies and procedures; administering firm-wide fair lending training; and providing advice and guidance on fair lending matters.
Performance of Fair Lending Statistical Testing and Qualitative Risk Assessment Procedure
Perform fair lending analytics for bank lending products testing for potential disparities in underwriting, pricing, and redlining.
Assist Head of Fair Lending Risk Compliance in extraction of data from various internal systems.
Assist in the preparation of qualitative fair lending risk assessment.
Policies, Procedures, and Fair Lending Training
Draft, maintain, and revise bank-wide and firm-wide fair lending policies and procedures.
Develop fair lending compliance training programs for management and staff.
General Advice and Guidance
Provide advice and guidance to lines of business to monitor, evaluate, and remediate fair lending compliance issues in line with current industry best practices, and legal and regulatory guidance and requirements.
Implement and administer appropriate compliance monitoring controls.
Assist in the preparation of the qualitative Fair Lending Risk Assessment.
Stay abreast of all applicable fair lending rules, regulations, and compliance trends.