- Provide Training and Guidance: Provide training and guidance to employees on fair lending laws, regulations, and best practices to ensure a thorough understanding and adherence to fair lending principles.
- Fair Lending Complaints: Oversee an appropriate response to fair lending complaints including ongoing monitoring for patterns and trends.
- Collaborate with Internal Stakeholders: Collaborate with internal and external stakeholders, including senior management, lending teams, compliance officers, bank partners, and outside and in-house legal counsel, to address fair lending issues and implement corrective actions as needed.
- Advise on Regulatory Changes: Stay current with developments in fair lending regulatory enforcement trends, and industry best practices to ensure ongoing compliance and make recommendations for updates to policies and procedures as necessary.
- Compliance Committee: Serve as a member of the Best Egg Compliance Committee to provide insights and reports to leadership and management on fair lending topics.
- Culture of Compliance: Be an ambassador for the Compliance brand to further Best Egg’s culture of compliance to enforce that Compliance is Everyone’s Responsibility
Requirements
- Bachelor’s degree in Business Administration, Finance, Law, or a related field. Advanced degree or certification in compliance or fair lending preferred.
- Minimum of 10 years of experience in consumer regulatory compliance or a related field, at least 5 of which was focused on fair lending compliance.
- Expert knowledge of fair lending data analytics and BISG.
- Prior experience with specialized Fair Lending software and analytic tools.
