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Fair Lending Quantitative Analyst

Company: Citizens Bank
Location: Charlotte
Posted on: June 25, 2019

Job Description:

Description
The Consumer Compliance Department at Citizens Bank is responsible for providing superior regulatory support and guidance to the Consumer Banking lines of business and for evaluating, tracking, and reporting on the state of regulatory compliance. A critical component of performing this responsibility is conducting periodic compliance monitoring of key consumer focused regulations.
Citizens Bank is seeking a Fair Lending Compliance Analyst to expand and enhance the analytic monitoring in support of the Fair Lending Advisory team. This critical role within the Compliance Analytics and Monitoring Team, which supports and provides statistical analysis and reporting for fair lending risk across all consumer-lending businesses. The candidate will work closely with key business stakeholders and compliance advisors in the development, execution and implementation of fair lending models and analysis, and requires demonstrated knowledge of predictive model development as well as data manipulation and its governance in support of fair lending analyses addressing exceptions, redlining, steering, and portfolio-level disparities in underwriting and pricing outcomes.
Primary responsibilities include:

  • Designing and employing quantitative models to assist the Fair Lending team and relevant business units in examining and assessment fair lending risks in compliance with applicable laws and regulations;
  • Streamline data collection from multiple datasets while respecting data validation and governance procedures;
  • Independently performing quantitative ad hoc analyses on fair lending matters using multiple data sources and working within an Oracle environment;
  • Preparing and presenting statistical results and data sets for analysis in support of regulatory requests and examinations working with examiners and business units to resolve any questions related to analytical methodology or data integrity;
  • Interpreting and presenting statistical results in a clear and concise manner to senior management;
  • Collaborating with compliance teammates and business partners to proactively identify fair lending risks, determine root causes, and advise on potential remedial action plans;
  • Staying current on the regulatory environment and expectations through discussions with peers, seminars, webinars, roundtables presented by regulatory agencies, law firms, bankers associations, etc.;
  • Enhancing existing in-house fair lending models or techniques used to identify fair lending risks through the entire credit lifecycle, including marketing, underwriting, pricing, and loss mitigation;
  • Supporting processes and documentation in support of independent validation and ongoing performance monitoring for fair lending models assessed by internal model governance teams periodically revalidating processes to ensure validity, efficiency, and accuracy;
  • Continuously evaluating internal and external practices, including regulatory and peer institution practices, to ensure use of \"best in class\" statistical and analytical methods, while adhering to regulatory requirements.
  • Such other duties as may be assigned. Qualifications
    Required Skills/Experience:
    • 2+ years of experience in applied statistics, economics or other quantitative area, preferably in financial services or regulatory industry.
    • Demonstrated expertise in SAS (EG) programming.
    • Strong, effective interpersonal and communication skills (written, verbal and listening that accurately and clearly summarizes issues and present solutions in an understandable and logical manner).
    • Proven ability to independently coordinate and complete projects, along with a demonstrated inclination to address difficult topics with unique problem solving capabilities.
    • Critical thinking and the ability to connect the dots of multiple data points across multiple business units to develop a comprehensive assessment of compliance risk.
    • A team player who can manage to time-sensitive deliverables.Education, Certifications and/or Other Professional Credentials:
      • Degree in highly quantitative field, such as data science, business analytics, applied microeconomics, applied statistics; master s degree preferredHours and Work Schedule
        Hours per Week: 40
        Work Schedule: M-F 8-5
        #LI-KH1

        Why Work for Us
        At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.
        Equal Employment Opportunity
        It is the policy of Citizens Bank to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
        Equal Employment and Opportunity Employer/Disabled/Veteran
        Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries. Associated topics: analyze, bi, business finance, examiner, government, guidance, investment fund, law, market, monitor

Keywords: Citizens Bank, Greenville , Fair Lending Quantitative Analyst, Professions , Charlotte, South Carolina

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