Senior Compliance Officer - Fair Lending Analytics - Model Development

Overview

This is a remote role that may be hired in several markets across the United States The Senior Compliance Officer is a key member of the Fair Lending Analytics team. The Senior Compliance Officer will identify, monitor, and mitigate fair lending risks in lending products, models, and processes, creating reports for management, ensuring regulatory compliance, and advising business partners on preventing discrimination, often requiring a quantitative background and consumer finance experience. The Senior Compliance Officer uses advanced quantitative and technical skills to produce insightful reporting, modeling analysis, and recommendations that enables sound and profitable risk management and strategic decisions. This Officer is responsible for maintaining the skills and knowledge relevant to their assigned job responsibilities. In addition, the Officer promotes and advocates the adoption of appropriate new methodologies for quantitative models and analysis that benefit the Bank. Provides assistance with identifying and designing quantitative solutions to problems as presented by management to further the Bank’s strategic plans.

Responsibilities

• Develop and maintain quantitative statistical models used to identify potential compliance/fair lending risk, including complex financial, econometric, and statistical frameworks. Implement, test and document internally and externally developed and/or licensed models.
• Analyze and document model output, ongoing performance monitoring, and communication of conclusions and recommendations in a clear and concise manner to senior managers and executives.
• Prepare analyses and documentation for model validation, Internal Audit, Enterprise Risk Management and Regulatory findings and requirements.
• Develop automated solutions to simplify challenging and repetitive processes. Recommend process and operational improvements that enhance efficiencies and reduce risk.
• Utilize industry standard quantitative software (SAS, R, Stata), data science programming languages (Python), database systems (SQL), and workstation productivity applications (Tableau) to produce required deliverables.
• Develop and revise policies, procedures, services, products, and systems that ensure regulatory compliance. Foster understanding and proper implementation of necessary changes in impacted business areas. Assist special projects or related business initiatives as needed, which may include consulting on specific compliance matters.
• Prepare reports for management on results of compliance reviews, legal changes, or new regulations. Convey the necessary actions to fulfill regulatory requirements and communicates changes amongst work groups.
• Maintain a strong knowledge of current or changing laws, regulations, requirements, policies, and procedures that affect assigned area of the Bank. Serve as a subject matter expert in providing guidance to management and associates on compliance-related matters. May participate in industry events or professional organizations in order to remain knowledgeable on factors that could impact enterprise activities.

Qualifications

Bachelor's Degree and 8 years of experience in Compliance, Legal, Audit, Banking or other related experience OR High School Diploma or GED and 12 years of experience in Compliance, Legal, Audit, Banking or other related experience License or Certification Type: CAMS (Certified Anti-Money Laundering Specialist) Preferred, CAFP (Certified Anti-Money Laundering and Fraud Professional) Preferred, CRCM (Certified Regulatory Compliance Manager) Preferred, CIPP (Certified Information Privacy Professional) Preferred This job posting is expected to remain active until 3/31 from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants. The base pay for this position is generally between $109,000 and $165,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits. Apply tot his job Apply To this Job