FAIR BANKING INTERN (Summer)

As a Fair Banking Intern, your day will be filled with opportunities to assist with analysis and assessment of data related to laws and regulatory requirements of Fair Lending, Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA) and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP). This role will assist in second line of defense monitoring and oversight activities.

Responsibilities

Daily responsibilities include, but are not limited to, the following:

• Assist in analyzing loan data to identify patterns and ensure compliance with fair lending regulations
• Conduct research on fair lending laws and recent enforcement actions to inform internal practices
• Assist in responding to customer inquiries related to fair lending policies
• Collaborate with the Compliance Department to integrate fair lending considerations into broader compliance initiatives
• Monitor, ensure and maintain loan information quality and integrity to ensure regulatory compliance
• Assist in identifying tracking and analyzing systematic and/or operational exceptions regarding data collection for all loans to identify patterns and ensure compliance with fair lending regulations
• Support the preparation of reports on a scheduled basis for distribution to the applicable business units (including, but not limited to) for areas related to: Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Redlining, pricing disparities, disparate impact or treatment, Branch and ATM distributions, analysis of loan distribution patterns, analysis of peer and demographic data, market penetration, and monitoring and analysis of policy exceptions
• Utilize resources to stay up to date with regulatory changes related to HMDA, CRA, Fair Lending, UDAAP, ECOA, Fair Lending and Section 1071 of the Dodd Frank Act
• Participate in new product development and work closely with Compliance Advisors and applicable business units in the assessment of risk associated with these products
• Assist in the investigation of consumer complaints for potential Fair Lending and UDAAP elements using the Bank’s complaint tracking system
• Assist with the communication of compliance initiatives to partners throughout the bank, including contributing to the departmental newsletter
• Assist in the development and communication of regulatory policies and procedures to management for review and approval
• Assist with regulatory compliance training
• Maintain understanding of the bank’s products, services, geographic locations, and the potential risks associated with those activities
• Conduct special projects as the need arises
• Assist with other compliance reviews as assigned
• Perform other duties, as assigned
  
  

Job Requirements

The successful candidate will have the following qualifications:

• Currently enrolled in a bachelor’s degree program in Economics, Finance, Public Policy, Law or related field
• Strong analytical skills and attention to detail
• Strong organizational and time management skills
• Ability to function in a multi-task environment
• Ability to work independently
• Excellent verbal and written communication skills
• Ability to define problems and propose solutions
• Proficiency in Microsoft Office Suite
• Ability to read, analyze and interpret government regulations, trade journals, and legal documents
  
  

Physical Requirements

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This position requires sitting the majority of the time with limited walking and standing. All work occurs indoors and within regular working hours. The noise level in the work environment is usually moderate.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)