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Compliance Manager, Fair and Responsible Banking

Date: May 1, 2022

Location: Morgantown, WV, US, 26505

Company: United Bank

Job Description

The Compliance Manager, Fair and Responsible Banking (FRB) acts as a FRB subject matter expert for UBSI. This position manages United’s Corporate FRB Compliance Program and UDAAP initiatives under the oversight of the Compliance Manager, Sr. This position performs, interprets, and presents statistical analysis and recommends solutions for regulatory issues to mitigate risk related to Fair Lending and UDAAP. 

 

 

RESPONSIBILITIES:

•Maintains current expert knowledge and understanding of all federal and state consumer protection laws, regulations and policies that apply to United’s business operations, with particular emphasis on the Equal Credit Opportunity Act (ECOA), Fair Housing Act, Fair Debt Collection Practices Act, and UDAAP
•Designs, maintains, makes recommendations for improving, and executes corporate FRB and UDAAP programs
•Acts as primary user and subject matter expert of various fair lending and redlining analysis tools/software
•Manages lending and fairness related data sources from applicable lines of business, as well as the process to ensure data is tracked and imported appropriately 
•Execute analysis of loan portfolios for potential fair lending risks 
    -Prepares and distributes reports of findings, including recommendations to mitigate fair lending risks, for review by executive management and the Board’s Risk Committee. 
    -Executes and manages approved recommendations. 
•Manages the development of United’s annual Fair lending plan and monitors execution
•Coordinates with applicable Department Head or implementation group to communicate, implement and manage Fair Lending and UDAAP related regulatory changes
•Researches and responds to regulatory inquiries related to potential UDAAP or Fair Lending impact 
•Completes periodic fair lending and UDAAP compliance risk assessments, presents results to the Boards Risk Committee, and oversees lines of business’ in implementing any corrective actions. 
•Reviews complaints and complaint data to assess and resolve potential fair lending or UDAAP related concerns 
•Guides business areas in the development of new product, policy and procedure to ensure compliance with regulatory changes specific to fair lending and UDAAP
•Develops and implements United’s corporate fair lending and UDAAP compliance training
•Chairs the FRB Sub-Committee
•Manages FRB notifications and analysis for branch opening and closure compliance process 
•Performs other duties as assigned 
 

Qualifications

  • Bachelor’s degree required
  • A minimum of 4 - 5 years’ previous compliance/regulatory banking experience
  • Minimum of two (2) years prior experience of managing department staff required
  • CRCM Certified (Certified Regulatory Compliance Manager) highly desired or the ability to become certified required
  • Ability to travel up to 20%, including some overnight travel as business needs
  • Proficiency in Microsoft Office products is required
  • Ability to comprehend, interpret and communicate banking laws and regulations
  • Ability to communicate in an effective, concise and inclusive manner
  • Excellent verbal and written communication skills
  • Excellent organizational skills
  • Ability to work independently and as a team

 

 

KEY COMPETENCIES:

 

•Organizational & Regulatory Compliance focused
•Problem Solving & Resolution Focused
•Interpersonal skills
•Sound Judgement
•Decision Making Accountability
•Leadership

 

 

ESSENTIAL FUNCTIONS:

 

•Sitting for extended periods of time
•Sufficient dexterity of hands and fingers to efficiently operate a computer keyboard, mouse, and other computer components
•Ability to converse and exchange information with all levels of staff within organization
•Ability to observe, perceive, identify, and translate data
•Ability to travel up to 15% via air, rail, automobile and/or bus

Company Profile

At United, we value all of the relationships we have built since 1839. We are committed to providing each relationship with an unmatched level of service. While we offer competitive products, services, rates, and technology, the level of service we provide and our commitment to building relationships is what sets us apart from our competitors. Our 211 full-service banking offices and 15 loan origination offices in West Virginia, Maryland, Virginia, Ohio, Georgia, Pennsylvania, North Carolina, South Carolina and Washington, D.C. are each built on customer service and commitment to the community. United is backed by a history of safe, sound and secure banking practices that have allowed us to navigate through decades of changing economic environments. Because of this, our employees, customers, shareholders and communities can rely on us to be their banking partner for decades to come. Member FDIC. Equal Housing Lender. Equal Opportunity Employer.


Nearest Major Market: Morgantown

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