Description

Senior Compliance Manager – Fair Lending Analytics

This role supports the Office of Fair and Responsible Banking’s Analytics function by providing data intake and analysis across one or more business units and associated product sets. The Sr. Compliance Manager will make use of software tools to develop reporting, conduct data analysis, and monitor both secured and unsecured loan information to create conclusions around the fair treatment of consumers. The candidate will work closely with, and report to, the Fair Lending Analytics Team Lead.

The role has primary responsibility for performing model-based statistical analysis within an industry-standard software tool. Exported reports will allow for consumer loan file reviews to determine the impact of the bank’s policies and procedures on Fair Banking laws and regulations. Data hygiene will be a component of the role as well. This may include direct interaction with cross-functional data teams to support the Team Lead in coordinating appropriate data sets and mapped fields loan origination systems. Additional responsibilities include engaging business line and risk stakeholders to collect information relevant to the file review process, identifying gaps, potential discrimination, potential unfair or deceptive practices or enhancements needed to assess the population more fully. The Senior Compliance Manager will act as a Fair Lending subject matter expert for all covered units within the Fair Lending Program and Policy. They will be responsible for providing timely reporting and escalating identified risks to Compliance management, as necessary.

The duties of this position include but are not limited to:

• Gathering, organizing, cleaning raw data, and checking data integrity prior to analysis.

• Performing Fair Lending monitoring and data analysis primarily through interpretation and analysis of loan level data.

• Performing key functions within a software application to yield regression analysis, matched pair analysis and associated reporting extracts required for comparative file review.

• Analyzing, trending, and reporting on the statistical significance and relevance of protected class borrower anomalies within datasets.

• Drafting clear and concise reports of the results of ongoing monitoring and assessment projects and communicating same to Compliance Management.

• Providing updates on the state of assigned monitoring activity.

• Staying current of the regulatory environment and expectations through discussions with peers, seminars, webinars, roundtables, law firms, bankers’ associations, etc.

Required Skills and Experience

• 5+ years of fair banking or other related consumer compliance experience in consumer financial services or a regulatory agency.

• Experience with statistical analysis related to compliance with fair lending laws, including regression analysis and model-based output.

• Experience with OCC file review criteria, inclusive of sampling methodology and file review sample sizing.

• Working knowledge of both technical and nuanced aspects of Fair Banking laws and regulations, including but not limited to ECOA/Reg B, UDAAP, FHA, SCRA, FCRA, FDCPA.

• Understanding of consumer loan documentation, loan servicing and/or loan operations.

• Prior use of Risk Exec is strongly preferred.

• Computer proficiency, specifically MS Office (Word, Excel, Access, PowerPoint, etc.).

• Must be proactive with the ability to work independently and deliver superior results.

• Critical thinking and the ability to "connect the dots" of multiple data points across multiple business units to develop a comprehensive assessment of fair banking risk.

• Strong communication skills with an ability to convey complex topics and recommendation (written, verbal and listening).

• Team-player who can manage to time sensitive deliverables.

Education and Certifications:

• Bachelor's degree in relevant field of study or equivalent work experience required.

THIS POSITION MAY BE LOCATED IN ONE OF THE FOLLOWING LOCATIONS: JOHNSTON, RI; BOSTON, MA; FORT WASHINGTON, PA; ISELIN, NJ

Hours and Work Schedule: Hybrid - 3 days in-office / 2 remote

Hours per Week: 40

Work Schedule: Monday-Friday

Pay Transparency

The salary range for this position is $116,000 - $120,000, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

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Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

09/30/2024