Fair Lending Analyst

Job Overview

The Fair Lending Analyst will support the Fair Lending Officer in executing the institution's Fair Lending Program. This role will be responsible for supporting ongoing fair lending risk assessments, performing ongoing monitoring and data analysis, and preparing reports on key fair lending metrics. The ideal candidate will have strong analytical skills, knowledge of fair lending regulations, and a commitment to promoting equitable financial practices.

Key Responsibilities

Formalizing the credit union's Fair Lending Program and collaborating with internal stakeholders to implement remediation steps in response to regulatory actions, internal audit findings, as well as any enhancements identified by risk assessments.
Analyze HMDA and non-HMDA data to identify potential disparities in lending practices.
Monitor pricing, underwriting, redlining, steering, and other fair lending risk areas across all lending channels.
Develop and maintain fair lending dashboards and reports for internal and external stakeholders.
Prepare documentation and support internal reviews, audits, and regulatory examinations.
Assist in developing fair lending training materials and initiatives in coordination with in-house education function.
Work cross-functionally with Lending, Marketing, Analytics, and IT team members to ensure accurate data capture and remediation of data quality issues.
Stay current on regulatory changes, enforcement actions, and industry best practices.

Qualifications & Education Requirements

Bachelor's degree in business, finance, compliance, or a related field.
3+ years of experience in fair lending compliance, risk analysis, or a related role in a financial institution or regulatory agency.
Strong knowledge of fair lending laws and regulations, including ECOA, FHA, and HMDA.
Familiarity with community development lending, redlining risk indicators, and market penetration analysis.
Experience with lending applications (e.g., Encompass, Origence) and fair lending data analysis tools (e.g., Python, Excel, or fair lending platforms like Ncontracts).
Knowledge of credit union operations and structure.

Additional Skills/Notes

Ability to work independently while maintaining a collaborative team mindset.
Must have excellent analytical, communication, organizational, and problem-solving skills required.
High level of integrity and discretion in handling confidential information.
Knowledge of compliance testing and/or audit is a plus.
Microsoft Office

Experience
Preferred
3 year(s): fair lending risk assessments, performing ongoing monitoring and data analysis, and preparing reports on key fair lending metrics. The ideal candidate will have strong analytical skills, knowledge of fair lending regulations, and a commitment to promoting equitable financial practices.
Skills
Required
Fair Lending
Compliance
Data Management and Analysis
HMDA
Preferred
Origence
NContracts
Encompass
Lending Products
Auditing Skills

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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