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  • Fair Lending Risk Assessment (FLRA) Coordinator

    Location US-MS-Jackson
    Posted Date 3 months ago(8/27/2018 1:13 PM)
    Job ID
    2018-11000
    Category
    Compliance
    Type
    Regular Full-Time
    Job Grade
    13
    FLSA Status
    Exempt
    Working Hours
    Mon - Fri; 8am - 5pm
    Job Location: Company
    Downtown Jackson - 0248
  • Overview

    The purpose of this position is to lead the periodic risk assessment process aggregating data to understand the current status of the risk profile in all lending lines, functions and lifecycles. This role will assist in identifying gaps in internal controls utilizing key risk and key performance indicators. The FLRA coordinator will assist the Director of Fair Lending in the implementation of risk mitigation strategies; track and report progress and validate corrective actions.

    Responsibilities

    Fair Lending Risk Assessment Project Management:

    • Manage the FLRA day to day data gathering process and analysis using established metrics including KRI/KPIs
    • Coordinate informational resourcing among the various contributors to the FLRA
    • Provide summary reporting of results derived from the fair lending internal control analysis

    Communication:

    • Keep current on fair lending related laws and regulations in order to apply them in risk assessment of external factors
    • Works with business and support areas to interpret findings to accurately assess risk
    • Participates in issue resolution for items noted during the FLRA
    • May assist in preparation for regulatory exams

    Reporting and Issue Tracking:

    • Prepares summary reporting on results of the FLRA to the Fair Lending Director
    • Coordinates, tracks and reports issue resolution for items noted during the Validate that FLRA issues are appropriately mitigated

     

     

     

     

     

    Qualifications

    • Knowledge of related state and federal compliance regulations, fair lending policies and procedures
    • Knowledge of Bank compliance, fair lending activities; and operational practices and operations
    • Knowledge of risk assessment techniques, mitigation strategies
    • Excellent verbal and written communication skills with the ability to communicate effectively
    • Prior audit experience helpful
    • Ability to analyze internal control environments
    • Good interpersonal skills
    • Detail oriented, accurate, and organized
    • Independent decision making
    • Multi-task oriented
    • Four year undergraduate degree (preferable in finance, business, or accounting) or

    • Three (+) years of financial industry experience preferably in lending operational areas, or regulatory experience or risk assessment.

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