Compliance Risk Manager - Fair and Responsible Banking Risk Assessment
Full Time
Jackson, MS 39201
Posted
Job description
Overview:
Responsibilities:
Qualifications:
The purpose of this position is to assist in the preparation of Fair and Responsible Banking risk assessments for Fair Lending, UDAAP, CRA and HMDA to identify, measure and monitor risks in the bank’s line of business. The. Compliance Risk Manager collects information and prepares reporting documentation for fair and responsible banking internal controls and assists in assigning inherent and residual risk ratings. Compliance Risk Manager prepares reporting and summary of findings and recommendations to the Sr. Compliance Risk Manager. This position is responsible for an assisting in the annual cumulative summary report aggregating LOB risk assessments in fair lending and UDAAP which recaps the risk assessments conducted throughout the year. This position is also responsible for assisting in validating the completion of action plans for the Fair and Responsible Banking group.
Responsibilities:
- Assists in the Fair and Responsible Banking Risk Assessment Process
- Responsible to test the effectiveness of Line of Business controls
- Assists in the risk assessment day-to-day data gathering process and validation of controls
- Prepares detailed and summary reporting
- Works collaboratively with senior LOB management
- Maintains understanding of regulatory requirements, expectations, guidance, industry trends and issues with respect to fair and responsible banking related laws and regulations
- Assist in the issue resolution process for fair and responsible banking matters
- Assists in preparation for regulatory exams
- Performs additional duties as assigned.
Qualifications:
Required:
- Two-year undergraduate degree and two years risk assessment experience in the financial industry
-OR-
Four (+) years of banking and or other financial industry experience that focused on risk and controls with One (+) year project management - Knowledge of related state and federal compliance regulations specifically related to fair and responsible banking
- Knowledge of lending and deposit operations
- Excellent verbal and written communication skills with the ability to communicate effectively with all levels of management
- Knowledge of risk assessment techniques, ability to analyze internal control environments, and develop risk mitigation strategies
- Excellent problem-solving skills
- Strong collaboration skills
- Proficiency with Microsoft Office products
- Strong interpersonal skills
- Detail oriented, accurate, and organized
Preferred:
- Four-year degree in finance, business, or accounting preferred
- Experience in lending operational areas with related regulatory experience
- Prior audit experience helpful
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