Primary Location:
Comerica Bank Tower
Locations:
Dallas, TX US
Additional Locations:
Comerica Bank Tower; Comerica Bank Center (CBC)
Job Type:
Full-time
WorkBest Job Category:
Category C – Days in the office will either be designated days or will vary week to week from 2-5 days
Job Category:
Compliance/Security/Fraud/Risk
Required Experience:
7-12 years
Overtime Status:
Exempt
Job ID:
246028
Director Fair Lending & Responsible Banking SVP
- Participates in industry forums to stay abreast of all fair lending laws and regulations.
- Maintains the Bank’s fair lending and responsible banking policies, procedures, standards, and Program documents.
- Continuously assesses and enhance the Program, incorporating industry best practices
Advises senior leadership on fair lending implications of new products, services, or business strategies. - Collaborates with the lines of business to ensure a unified approach to fair lending and responsible banking compliance.
- Identifies and escalates fair lending and responsible banking concerns and ensures appropriate remediation as needed.
- Maintains accurate and comprehensive documentation of Program initiatives, assessments, and remediation.
- Develops and implements appropriate fair lending and responsible banking testing and monitoring programs including regression analysis, redlining analysis and fair servicing testing.
- Conduct regular risk assessments to identify potential fair lending risks and develop strategies to mitigate them.
- Analyze lending data to identify patterns, disparities, and potential discriminatory practices and taking action, as necessary.
- Prepare and submit reports to senior leadership, regulatory bodies, and stakeholders detailing Program effectiveness.
- Build strong partnerships across the organization and provide advice to ensure a unified approach to fair lending and responsible banking compliance.
- Periodically review business unit policies, procedures and controls to ensure they promoted fair lending and responsible banking and meet regulatory requirements.
- Identifies appropriate training for the organization to enhance awareness of fair lending principles and foster a culture of compliance.
- Review new products and services, third party vendors and organizational changes to identify fair lending issues and identify remediating action.
- 4 Yr/Bachelor Degree or 4 years of relevant experience
- 10 or more years experience in a banking institution working within Compliance, Risk, Legal or another relevant department
- 10 or more years experience in fair lending and responsible banking at a financial institution with at least 5 years in a leadership capacity
- 5 years experience in applying rules and regulations across multiple lending and depository products
- 5 years experience in fair lending analytics, including regression analysis and redlining
- 5 years experience in fair lending testing and monitoring methodologies
Comerica Bank Tower8:00am – 5:00pm Monday – Friday