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Equity Bank
Wichita, KS | Full Time
$81k-104k (estimate)
1 Week Ago
Fair Lending Officer
Equity Bank Wichita, KS
$81k-104k (estimate)
Full Time | Lending & Credit 1 Week Ago
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Equity Bank is Hiring a Fair Lending Officer Near Wichita, KS

Position:Fair Lending Officer
Department:Audit & Compliance
Location:Wichita, KS
Status:FT Salary
Summary
The Fair Lending Officer is responsible for developing, implementing, and administering all aspects of Equity Bank’s Fair Lending 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, small business, 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. The Fair Lending Officer advises the Executive Management of emerging Fair Lending issues to ensure objectives are maintained.
Responsibilities and Expectations
  • Oversees the Bank’s Fair Lending 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 auditors/regulators.
  • Develops and implements monitoring routines and procedures for the Fair Lending Program, tailored to each product and/or relevant line of business. This should include ongoing monitoring and testing of exceptions to ensure there are not trends indicating fair lending issues exist as well as identifying exceptions that are routinely granted that should be incorporated into procedures, standards, pricing, policies, etc.
  • 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 possible concerns by reviewing samples of loan files and report findings and recommendations in written reports and meetings with stakeholders.
  • Lead and complete fair lending risk assessments and applicable required documentation in the Bank’s fair lending analytics and GRC software.
  • Oversees the monitoring of credit risk, marketing, and pricing models in various lending areas to ensure they are free of discriminatory practices.
  • Responds to Fair Lending and Fair Banking compliance questions from Bank personnel.
  • Ensures organization-wide compliance with Regulation B, HMDA, the Fair Housing Act, UDAAP, state fair lending laws, and other relevant regulations, particularly as they apply to mortgage, small business, 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 Chief Compliance Officer and Community Reinvestment Act (CRA) 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 Equity Bank’s Core Values, policies and supports management decisions and goals in a positive, professional manner.
  • Other duties as assigned.
Required Skills & Education
  • Bachelor’s degree in law, finance, business administration, or a related field or equivalent related experience of at least 5 years in a compliance role with subject matter expertise in fair lending, including experience with mortgage, small business, auto lending, personal loans, and/or retail credit products. A master’s degree and/or relevant certifications (e.g., CRCM) would be a plus.
  • Comprehensive understanding of fair lending laws including Regulation B, HMDA, 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 (or equivalent), with specific experience in mortgage, auto, personal, and/or retail credit lending.
  • 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.
  • Proficiency in Microsoft office and other Windows-based systems required; and CRA Wiz (or other fair lending analytic software) preferred
  • Experience and education in meeting requirements of state and federal banking laws and regulations.
The above statements are intended to generally describe the nature and level of work to be performed by most people assigned to this job. It is not intended as an exhaustive list of all responsibilities, duties, and requirements.
Physical Requirements
This position requires standing, walking, bending, and squatting on a regular basis. May require the ability to stoop, kneel, crouch or reach with hands and arms. Requires the ability to carry, lift, move or push up to 25 pounds on an occasional basis. Must be able to talk and listen to others.
Work Environment
This position regularly works in an office setting. Most of the job duties require the employee to be working with computers and electronic media on a regular basis.
Equity Bank is an equal opportunity employer and will not make employment decisions based on an applicant’s race or skin color, national origin or ethnicity, religious beliefs, age, sex, physical or mental ability.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Lending & Credit

SALARY

$81k-104k (estimate)

POST DATE

05/01/2024

EXPIRATION DATE

06/29/2024

WEBSITE

equitybank.com

HEADQUARTERS

BERRYVILLE, AR

SIZE

500 - 1,000

FOUNDED

2002

TYPE

Public

CEO

KING GLADDEN

REVENUE

$50M - $200M

INDUSTRY

Lending & Credit

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About Equity Bank

Equity Bank provides financial solutions that include commercial loans, consumer banking, mortgage loans and treasury management service.

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