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Fair Lending Officer - REMOTE

Company: CMG Financial
Location: Irvine
Posted on: May 14, 2022

Job Description:

POSITION OVERVIEW: The Fair Lending Officer is responsible for administering and coordinating all aspects of CMG---s Fair Lending programs. Responsible for ensuring CMG maintains a sound Fair Lending compliance risk management program with active oversight of operational risk, adequate policies and procedures, and a strong management information system for measuring, monitoring and risk reporting. This role is responsible for conforming with federal and state regulations related to Fair Lending to mitigate risk from litigation, civil money penalties, enforcement actions and to assist in maintaining a positive public reputation. This position is responsible for assisting the SVP, Risk Management with Fair Lending regulations and policies. ESSENTIAL DUTIES and RESPONSIBILITIES, includes the following responsibilities, but not limited to: Responsible for all aspects of CMG---s Fair Lending programs from a Leadership and Strategic perspective, including Development, Implementation and Oversight; oversees the Fair Lending Committee; advises Senior Management and Executive Management Team of fair lending issues when appropriate. Develop written reports and advise SVP, Risk Management and Executive Management concerning key Fair Lending issues. Provides Leadership and Direction to instill an enterprise-wide culture of Fair Lending proactively and consistently; ensures CMG meets its obligations, objectives and technical requirements of all applicable Fair Lending rules and regulations. Prepares quarterly risk assessments of Fair Lending regulations; identifies acceptable level of compliance risk and corresponding controls; provides solutions to address gaps in controls and mitigate Fair Lending risks. Participates in Credit Committee to provide a Fair Lending Perspective. Review Marketing materials to ensure compliance with Fair Lending. Performs an annual Fair Lending Self-Assessment; identifies and implements corrective actions as deemed necessary. Evaluates and analyzes CMG---s Assessment Area on a periodic basis to ensure its appropriateness. Collaborate with and provide guidance to various department and functional managers in the development and review of their policies and procedures to ensure compliance with applicable federal and state laws and regulations related to Fair Lending and with actual operating practices. Work with the Training department to design, develop, and implement Fair Lending training for all employees. Provide ongoing guidance and training to loan officers regarding community development lending opportunities. Collaborate with community and activist groups as needed. Assist in the coordination of internal audit and regulatory examinations. Evaluate data from loan files or from officer interviews to assess whether an applicant was treated in a manner consistent with Fair Lending standards, including whether the applicant received favorable treatment compared to other similarly situated applicants. Work with Compliance to review HMDA data to ensure Fair Lending standards have been met. Work with Data Analytics to review and document Fair Lending Analysis both internally and externally and perform regression analytics to determine where and if there are risks. Write and maintain CMG---s Fair Lending Program Policies and Procedures. Prepare and present to EMT on a quarterly and annual basis the Fair Lending Assessment detailing CMG---s current performance. Monitor CMG---s compliance with Fair Lending laws by conducting a Fair Lending risk assessment and analyzing lending activity to identify fair lending risk associated with levels of assistance, underwriting, pricing, steering, and servicing. Coordinate with business units to obtain application, pricing and lending results. Providing the same to third party fair lending testing vendor. Obtain and review the third-party Fair Lending testing results. Working with business units to develop, implement and manage policies, procedures, and controls to address any areas of concern. Perform special projects as assigned by the SVP, Risk Management PREFERRED QUALIFICATIONS AND EXPERIENCE: Five to seven years--- experience with managing and developing a team. Prior experience with Fair Lending Analysis required, including reporting. Strong competency in Word and Excel. Strong knowledge of consumer and mortgage lending operations and services. Well-organized, efficient, detail-oriented, self-starter, able to work independently. Strong writing and analytical skills. Strong communication (written and verbal) and organizational skills with the ability to work independently, as well as, collaboratively within a team environment. Ability to interact and communicate effectively with all levels of management, legal counsel, regulators, and examiners while maintaining strict confidentiality. Ability to work in a fast-paced environment and positively adapt to routine changes while maintaining high performance standards. Strong decision-making, analytical and investigative abilities with attention to detail and accuracy. PHYSICAL and ENVIRONMENTAL CONDITIONS: Standard office environment, equipment and tasks, including work at a computer terminal. This position requires partial sitting and walking throughout the day. Employee must be open to work overtime to complete assigned tasks.

Keywords: CMG Financial, Irvine , Fair Lending Officer - REMOTE, Other , Irvine, California

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