Fair and Responsible Banking File Examination Officer in Buffalo, NY at Key Bank- Corporate

Date Posted: 3/25/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Buffalo, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    3/25/2020

Job Description

JOB BRIEF

The Fair and Responsible Banking (FARB) File Examination Officer is a member of the Compliance team within Compliance Risk Management. The FARB File Examination Officer is responsible for identifying, escalating and mitigating FARB related risks through comparative file review and will collaborate with the FARB Analytics Team to ensure the fair lending regression model outputs adequately detect potential discriminatory lending practices. The qualified candidate must be able to work independently and use sound judgment, taking into consideration risk tolerances of the assigned LOBs as well as Key’s overall risk appetite.

ESSENTIAL JOB FUNCTIONS

  • Examine loan files including, comparative file review, to ensure Key complies with fair and responsible banking laws
  • Collaborate with the FARB Analytics Team to ensure model outputs adequately identify potential fair lending risks
  • Proactively identify additional opportunities to enhance related analysis and reporting
  • Provide mentoring, and guidance to peers and other members of the team as well as other members of Risk Management
  • Respond to internal and external audits, exams, and requests for information
  • Develop and maintain positive working relationships with internal clients, staff, peers, and LOB senior management
  • Partner with other risk pillars, where appropriate, and provide a clear understanding of desired objectives
  • Maintain relationships with industry peers and regulatory bodies
  • Identify, respond and/or escalate risks as appropriate
  • Assist in the development of policies, standards, procedures and guidelines to align with corporate risk appetites, tolerances and policies
  • Conduct review and challenge activities and escalate as warranted
  • Support the ongoing development and implementation of strategic plans and objectives, and regulatory changes
  • Support other risk disciplines in risk identification, mitigation, and reporting
  • Demonstrate strong understanding of and adherence to the three-lines-of-defense model
  • Perform other duties as required

REQUIRED QUALIFICATIONS

  • Bachelor’s degree or comparable education required; CRCM, a plus
  • Minimum of 3–5 years of relevant fair lending experience
  • Minimum of 5-7 years of relevant underwriting or underwriting quality control experience across multiple consumer lines of business, e.g., mortgage, auto, credit card
  • Extensive knowledge of the fair lending and UDAAP related statutes and regulations
  • In-depth practical knowledge of internal controls, risk assessments, compliance processes, and applicable techniques for the implementation of regulatory and legal requirements
  • Strong leadership skills, including the ability to work in a team environment
  • Proven track record of integrity, strong ethics, and sound decision-making skills, including the ability to make decisions independently and quickly
  • Ability to effectively communicate to lines of business and senior management, both in writing and verbally
  • Strong attention to detail coupled with strong problem-solving and analytical skills
  • Proven ability to think proactively and drive results
  • Strong project management skills and/or continuous improvement mindset


FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

40467BR

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