Senior Manager, Fair Lending Analytics

In Compliance, we help our business partners achieve their strategic priorities by promoting principles and practices that build client trust and safeguard the integrity of the firm. Banking Compliance serves as a second line of defense oversight function for the banking and trust entities within Schwab (BTS). The Director will challenge and evolve the Compliance Program to ensure alignment with regulatory expectations.

Workplace Flexibility Program: Were proud to support our employees in a working approach that allows you to bring your best self to work – whether that’s in the office or remote.

• Most Schwabbies have the opportunity to voluntarily work in the office or at home based on their preference*
• When the firm is ready to fully return to the office, employees will have the flexibility of a hybrid work environment, spending some time working remote and some time in the office.
• Employees and managers can discuss and decide what works best for them, with additional flexibility available based on their role, business needs, and individual circumstances.

*Subject to change as Schwab is continually evaluating the current environment in order to best care for the safety and well-being of our employees.

What you are good at

The Senior Manager of Fair Lending Analytics will develop and complete analyses to assess fair lending and UDAAP risks and will serve as a second line of defense subject matter authority providing regulatory oversight and advice with respect to policies, procedures, and controls and analysis and assessment of risk levels needed to achieve compliance with applicable regulatory requirements and This role will partner with other Subject Matter Experts (SMEs) across Compliance to deliver feedback from a One Voice perspective. The role will report to the Managing Director of Fair Lending Compliance.

Key Responsibilities:

• Complete and maintain oversight and observing activities for identification, assessment and awareness of fair lending risks.
• Build and carry out analyses to identify, analyze and report potential fair lending risks such as disparate impact, disparate treatment, redlining risk, or overt discrimination.
• Perform regression testing, identify matched pairs, and conduct file reviews to observe compliance.
• Provide real-time ad hoc analytics to assess fair lending and UDAAP risks associated with new products as well as changes to marketing, underwriting, pricing, products, and related models.
• Communicate analysis results and findings in a clear manner to partners at all levels within the firm, including senior management.
• Provide second line oversight of data needed to assess fair lending risk, including oversight of the annual Home Mortgage Disclosure Act filing.
• Support the Compliance Risk Assessment to ensure comprehensive enterprise-wide assessment of fair lending and UDAAP risk
• Provide timely compliance advice and guidance, consistent with Corporate Compliance Standards, to business partners on lending activities, including policies, procedures, and controls needed to achieve compliance with federal and/or state regulatory requirements applicable to consumer lending, home lending, and small business lending with a focus on fair lending and UDAAP.
• Provide a clear, independent risk management perspective in line with the firm’s overall risk appetite and develop a strong understanding of the business products, services, processes, and objectives.
• Connect the dots across regulatory developments, including enforcement actions within the industry, to ensure emerging threats and issues are identified and addressed.
• Provide credible challenge to and influence the first line of defense in the identification, documentation and assessment of fair lending and UDAAP risks and controls in the Risk and Control Self Assessments (RCSA).
• Influence senior management and peers to ensure robust oversight and understanding of fair lending and UDAAP risks.
• Build constructive relationships with business partners while adhering to the highest ethical standards.

What you have

• Bachelor’s degree preferred
• Solid understanding of fair lending and UDAAP/UDAP requirements
• 3 years of demonstrated knowledge of fair lending analysis techniques and software
• Minimum 5 years’ experience working in retail lending for a bank or other retail lender, with a minimum of 3-5 years in Compliance. CRCM or similar certification is a plus.
• Outstanding problem-solving, with a strong analytical, data-driven work style. Possesses a keen attention to detail, but also the ability to see the big picture.
• Excellent communication skills with the ability to drive consensus across cross-functional teams and influence decision making
• Shown track record of influencing across organizational boundaries and building positive relationships
• Proactive approach and experience balancing multiple projects with potentially conflicting resource/time constraints