Description

A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 8 years in a row and focuseson providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

POSITION SUMMARY:

Leads the Fair and Responsible Banking Program with primary responsibility for ensuring adherence to all fair lending and banking laws and regulations and upholding ethical practices within various product lines such as mortgage, auto lending, personal loans, and retail products. Assists in the administration of the Bank’s compliance program. Responds to compliance questions from Bank staff and supports efforts to comply with laws and regulations. Maintains a thorough knowledge of federal and state regulations to assist in researching, preparing, implementing, maintaining, developing, and tracking Bank compliance for new and existing products and services. Implements and maintains monitoring disciplines, escalation, and reporting standards. Provide a WOW experience to our customers and employees.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

• Oversees the Bank’s Fair and Responsible Banking Policy and Program throughout the organization, serving as the primary point of contact for fair lending and banking matters within the Bank, interacting with Board members, senior leadership, and external regulators.

• Responds to Fair Lending and Fair Banking compliance questions from Bank personnel.

• Develops and implements monitoring routines and procedures for the Fair and Responsible Banking Program, tailored to each product and/or relevant line of business.

• Performs analyses to detect potential discrimination such as redlining, steering, and disparities in loan underwriting, pricing, and loss mitigation outcomes. Analyzes Fair Lending data across different product lines to identify trends, risks, and opportunities for improvement.

• Investigate as possible concerns by reviewing samples of loan files and report findings and recommendations in written reports and meetings with stakeholders.

• Oversees the monitoring of credit risk, marketing, and pricing models in various lending areas to ensure they are free of discriminatory practices.

• Ensures organization-wide compliance with Regulation B, the Fair Housing Act, UDAAP, state fair lending laws, and other relevant regulations, particularly as they apply to mortgage, auto, personal, and retail credit lending.

• Provide training and guidance to Bank staff on fair lending practices and policies, with specific focus on various lending products.

• Prepare and present reports to the Board and senior leadership, highlighting program performance, risks, and achievements in different lending areas.

• Assists the SVP Compliance Officer with emerging compliance issues and consults and guides in establishing controls to mitigate risks.

• Completes projects as assigned by the department manager in a timely manner.

• Represents the Bank with a high level of integrity, professionalism, and technical expertise.

• Adheres to 1st Security Bank’s Core Values, policies and supports management decisions and goals in a positive, professional manner.

• Other duties as assigned.

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in law, Finance, Business Administration, or a related field or equivalent related experience of at least 8 years in a compliance role with subject matter expertise in fair lending, including experience with mortgage, auto lending, personal loans, and retail credit products. A master’s degree or relevant certifications (e.g., CRCM) would be a plus.

• Comprehensive understanding of fair lending laws including Regulation B, Fair Housing Act, UDAAP, and state fair lending laws, as they apply to various lending products.

• Excellent analytical, organizational, critical thinking, and presentation skills. Proficiency in creating and delivering presentations to various stakeholders.

• Strong verbal and written communication skills, with experience in interacting with Board members and senior leadership; ability to communicate effectively and project a professional image when giving and taking information in writing, in person and over the phone.

• Proven track record in implementing or significantly contributing to a fair lending program, with specific experience in mortgage, auto, personal, and retail credit lending.

• Each employee must complete all required training, including Bank Secrecy Act/Anti-Money Laundering training suitable to the position at the Bank.

• Good interpersonal skills with the ability to effectively work with individuals and groups at all organization levels; ability to work independently and as part of a team.

• Ability to take initiative and prioritize tasks; excellent time-management, problem-prevention, and problem-solving skills.

• Ability to maintain confidentiality of sensitive information.

• Must be bondable.

YOU WILL BE ELIGIBLE FOR

• Full medical, dental, and vision coverage for individual or family plan.

• Life insurance.

• Long- and short-term disability insurance.

• 401K matching program.

• Paid sick and vacation time.

OUR CORE VALUES

• Relationship Driven-we strive to "WOW" (surprise, excite and delight) each other and our customers.

• Ethical-fair, honest and act with integrity.

• Lead by Example-maintain a positive attitude, show respect for others, and have some fun!

• Accountable- we take our responsibilities seriously and we meet our commitments with urgency.

• Team Player- dependable, enthusiastic contributor to team success and to the greater good of the bank.

• Embrace Dreams- we encourage each other to reach for our dreams.

• Diversity- we celebrate diversity and support equality for all.

• Community Oriented- we actively support our communities and the Bank's CRA initiatives.

• Open and Honest Communication- always professional, responsive, and timely.

Qualifications

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in law, Finance, Business Administration, or a related field or equivalent related experience of at least 8 years in a compliance role with subject matter expertise in fair lending, including experience with mortgage, auto lending, personal loans, and retail credit products. A master’s degree or relevant certifications (e.g., CRCM) would be a plus.

• Comprehensive understanding of fair lending laws including Regulation B, Fair Housing Act, UDAAP, and state fair lending laws, as they apply to various lending products.

• Excellent analytical, organizational, critical thinking, and presentation skills. Proficiency in creating and delivering presentations to various stakeholders.

• Strong verbal and written communication skills, with experience in interacting with Board members and senior leadership; ability to communicate effectively and project a professional image when giving and taking information in writing, in person and over the phone.

• Proven track record in implementing or significantly contributing to a fair lending program, with specific experience in mortgage, auto, personal, and retail credit lending.

• Each employee must complete all required training, including Bank Secrecy Act/Anti-Money Laundering training suitable to the position at the Bank.

• Good interpersonal skills with the ability to effectively work with individuals and groups at all organization levels; ability to work independently and as part of a team.

• Ability to take initiative and prioritize tasks; excellent time-management, problem-prevention, and problem-solving skills.

• Ability to maintain confidentiality of sensitive information.

• Must be bondable.

COMPUTER SKILLS

To perform this job successfully, an individual should be proficient in Microsoft Office Products and other Database software.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will operate in a general office environment, using office equipment such as a phone and a computer.

• The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment. The employee must be able and willing and able to interact frequently with the public.

• Some travel could be required to perform assigned work.