Old Second National Bank

AVP/VP Fair & Responsible Banking Officer

Downers Grove, Illinois, United States · Vp

Sponsorship not specified$88k-$125kDetected 1 day ago
Manual TestingLeadershipCommunicationInternal Audit

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odds of building a lasting career here

26Unrated
Cap-exempt (no lottery)0
Sponsors this role0
Entry-level history0
PERM / green-card track0
Lottery odds (Level II)66
Fits your clock70

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About the role

  • Ensure bank-wide internal controls, policies and procedures are compliant with applicable banking laws and regulations;
  • Assist with the completion of the Compliance Risk Assessment to determine residual risks facing the Bank;
  • Assist with the review of new products and/or services prior to launch;

Responsibilities

  • Maintain a strong technical understanding of applicable banking laws, regulations, and regulatory guidance as they apply to banking products, services and processes;
  • Manage the regulatory change process by maintaining timelines needed for newly promulgated or amended laws and regulations and working closely with business unit partners to ensure thorough implementation;
  • Serve as the subject matter expert and provide support to lines of business on fair lending and fair banking compliance-related issues;
  • Manage the review and validation of data used to determine the Bank's applicability under Section 1071, ensuring accurate monitoring of threshold volumes and supporting fair lending and fair banking analytics.
  • How We Support You - Old Second

Requirements

  • Applied technical knowledge of consumer and commercial banking laws, regulations and regulatory guidance with an emphasis in Fair Lending
  • Ability to synthesize monitoring results and data into clear risk narratives.
  • Well established understanding and experience in CRA policies and assessments
  • Demonstrated experience in analyzing and assessing data for Fair Lending risks in lending.

Nice to have

  • Preferred, but not required:
  • Testing and monitoring for regulatory requirements related to Fair Lending compliance is preferred.

Compensation

  • $87,500 - $125,000
  • Old Second is committed to fair and equitable pay practices.
  • Officer Bonus Eligible: VP level candidates are eligible to participate in the Annual Officer Incentive plan with a target bonus up to 10% of base salary based various performance components.

Company info

  • At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
  • Position Overview:
  • The Fair and Responsible Banking Officer serves as a subject matter expert and provides direction and day-to-day support to the various business units on fair and responsible banking. The Fair and Responsible Banking Officer will interface with all levels of management and personnel. Strong interpersonal skills, good judgement, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role.
  • At Old Second, you're first!
  • For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.
  • At Old Second we embrace values that foster an environment of community and growth.
  • Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.
  • Be a part of something big as we continue our growth story together!
  • The Fair and Responsible Banking Officer serves as a subject matter expert and provides direction and day-to-day support to the various business units on fair and responsible banking.
  • The Fair and Responsible Banking Officer will interface with all levels of management and personnel.
  • Strong interpersonal skills, good judgement, excellent written and oral communication skills, and the ability to collaborate effectively are vital for success in this role.
  • The role is responsible for coordinating and maintaining a consistent, enterprise-wide approach to fair lending and fair banking monitoring, analysis, and reporting.
  • Essential Job Functions:
  • Collaborate with the Training Department to develop compliance training when necessary for new rules or identified deficiencies and determine annual fair lending and fair banking compliance training assignments for the Board of Directors, officers and staff;
  • Review and approve advertising and/or marketing material, evaluating for disparate impact or other fair lending or fair banking risks;
  • Assist the Director of Compliance during internal audits and regulatory exams and on any corrective action plans assigned to the Compliance Department;
  • Review customer complaints and monitor for any potential trends that may indicate disparate consequences of the Bank's existing policies and procedures.
  • Utilize software to monitor for fair lending or fair banking issue including comparative file analysis or regression testing when appropriate.
  • Coordinate and execute a centralized, risk-based fair lending and fair banking monitoring plan across business lines to promote consistency, enterprise coverage, and defensibility;
  • Prepare fair lending and fair banking monitoring results and emerging risk observations for escalation to Compliance leadership and inclusion in management or committee reporting, as appropriate.
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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.