Fair Lending Analyst

Northwest Bank · Warren

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Job Description

The Fair Lending Analyst is responsible for analyzing Northwest's Fair Lending loan programs to determine compliance based on regulatory weaknesses identified in risk assessments, aiding in development of reporting for CCO, CLO and Board of Directors, and maintaining Northwest's annual fair lending compliance monitoring program. The Fair Lending Analyst is also responsible to produce written fair lending risk assessments. 

Essential Functions

• Strong understand of analytical statistics including regression analysis
• Prepare measurable reports for senior management and the Board of Directors that monitor Northwest’s current level of fair lend compliance performance, and analyze reports regard Northwest’s fair lend compliance requirements
• Assist in fair lend regulatory compliance performance examinations
• Develop train products that address regulatory requirements and weaknesses in Northwest’s staff’s regulatory fair lend compliance knowledge, and relationships with business units
• Assist in monitor and review fair lend requirements for implementation by the business units and compliance departments risk assessments, and development of Northwest’s Fair Lend Program
• Identify the applicable laws and regulations
• Interpret new laws and regulations
• Analyze Northwest's Fair Lending loan programs to determine compliance based on regulatory weaknesses identified in risk assessments
• Aid in development of reporting for CCO, CLO and Board of Directors
• Maintain  Northwest's annual fair lending compliance monitoring program
• Produce written fair lending risk assessments
• Consult with business units to develop appropriate fair lending risk assessment procedures
• Manage multiple projects and meeting deadlines
• Provide support for regulatory examinations regarding fair lending
• Stay informed of fair lending issues and trends
• Communicate with all levels of management
• Working with available compliance and IT software to improve efficiencies
• Prepare management reports
• Develop tools and processes that enhance compliance efficiency
• Ensure compliance within subsidiaries and affiliates
• Identify and resolve compliance issues
• Communicate guidance to appropriate business units
• Perform scheduled risk assessments, and comparative file analysis
• Provide written reports that detail statistical findings and detailed file analysis
• Research and improve report data
• Recommend improvements to procedures
• Minimize departmental non-payroll costs and risk
• Maximize benefits to Northwest

Additional Essential Functions

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

Additional Responsibilities
•    Complete special projects as assigned
Safety and Health for those without supervisory duties 

• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Bachelor's Degree    in business management
General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities
Strong writing and communication skills
Strong retail lending background in originations or underwriting or quality control
Licenses and Certifications   
National regulatory compliance certification

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

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