The Fair and Responsible Banking Officer is responsible for the strategic leadership and management of Busey Bank's Fair and Responsible Banking compliance program(s). Fair and responsible banking compliance includes CRA, Fair Lending, UDAP, and UDAAP risk programs and complaint management analysis. Successful management includes engagement of team members to achieve strategic goals and framework sufficient for the size and complexity of a growing organization. This position is a leadership position in the Compliance Department and will support the broader compliance management system (CMS) in all aspects of consumer harm, CRA, fair lending, fair banking laws and UDAAP regulations.
WHAT YOU'LL BRING
Developing and implementing programs to identify emerging risks
Developing playbooks and risk assessments to assess risk in changes in products, strategy, and regulations
Develop and implement an annual fair lending risk assessment that uses both quantitative and qualitative factors to determine residual risk.
Developing and implementing an annual Fair Lending Review Plan that is risk based and rooted in the Fair Lending Risk Assessment.
Developing and maintaining Fair and Responsible Banking related policies and procedure
Effectively and succinctly report to Executive / Senior Management and the board of directors.
Provide regulatory oversight and guidance for the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) data collection.
Analyze and assess the performance and effectiveness of the fair and responsible banking program(s)
Conduct annual CRA Self-Evaluations to assess CRA lending patterns, community development investments and community development services compared to internal goals, peer performance, and assessment areas demographics.
Interpret and explain data analysis including results from regression analysis, statistical correlation, peer benchmarking. demographic and geographic analysis.
Participate in branch strategies by analyzing CRA and Fair Lending risk associated with bank acquisitions, branch openings, and branch closures
Lead FL, CRA, HMDA and UDAAP audits and regulatory examinations, including advance preparation and follow up on findings and development of written responses.
Communication of risk and needed action plans
Coordination of community outreach
Creation and consulting on AA plan development and action items
Marketing coverage - fair lending and CRA
Change Management - Coordinate with lending lines of business to evaluate proposed business changes, including new or modified products/services, new or modified policies, procedures, processes, or systems
Experience with multiple assessment area and multi-state CRA and Fair Lending program management
Experience in large bank CRA examination management with ability to independently supply documentation, evidence, and substantiation of CRA and Fair Lending activities to auditors, examiners, and bank employees.
Experience with a major metropolitan MSA within the CRA Assessment area, preferred
Knowledge of bank products and services with an emphasis on lending and underwriting requirements, specifically as it relates to LMI and MM individuals and neighborhoods.
Strong collaboration/cooperation skills. Ability to negotiate and collaborate with others, initiate action, adapt to change, make complex decisions, and accept challenging assignments. Responds appropriately to demanding situations and takes ownership of mistakes
Facilitation skills in both training and meeting environments.
Proven project management skills and experience leading cross-functional compliance initiatives.
Proven and progressive experience in financial services compliance, including direct accountability for CRA and Fair Lending compliance functions
Certified Regulatory Compliance Manager (CRCM) or ability to obtain within 12 months of hire
Ability to travel - approximately 10%
Ability to manage and mitigate regulatory risk within the bank's risk appetite.
Ability to think intuitively and strategically so that the department is enabled to anticipate, plan, and effectively execute to mitigate risk.
Ability to take decisive action and to motivate and develop others.
WHY IT MATTERS
As our Fair and Responsible Banking Officer you will have the opportunity to design and lead our fair lending and UDAAP programs to ensure fairness in our products and services. In turn, the contributions the fair and responsible banking programs make to Busey also contribute to a more fair and equitable banking system.
EDUCATION & TRAINING
8-10 years of experience with CRA and Fair Lending program development/management in a mid-size or larger bank examined under CRA large bank criteria or state or federal regulatory agency
Management experience preferred
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
Internal Number: FAIRR03443
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.