The CRA/ Fair Lending Statistical Analyst uses a combination of fair banking monitoring reviews, data analytics and statistical analyses related to the CRA and Fair Banking program to proactively identify regulatory risks or gaps in controls and recommends corrective action. The role is responsible for providing research and analytical expertise; communicating compliance deficiencies, potential risks, and performance trends to management and staff; coordinating with and aiding management in deve... more details
Open to remote, hybrid or in-office.
Come to work for a company you can be proud to work for...and enjoy fantastic, comprehensive benefits.
The hiring range for this opportunity is $85,000 to $120,000 annually along with incentive opportunities, creating a competitive total compensation package based on our pay scale, and may be modified by location and is commensurate with qualifications and experience.
POSITION SUMMARY
The CRA/Fair Lending Statistical Analyst uses a combination of fair banking monitoring reviews, data analytics and statistical analyses related to the CRA and Fair Banking program to proactively identify regulatory risks or gaps in controls and recommends corrective action. The role is responsible for providing research and analytical expertise; communicating compliance deficiencies, potential risks, and performance trends to management and staff; coordinating with and aiding management in developing and implementing corrective action to resolve identified problems.
MAJOR RESPONSIBILITIES
• Monitor the Bank’s compliance with fair banking laws by utilizing RiskExec to analyze fair banking activities and identify risks. Statistical analyses will be performed to determine risk associated with underwriting, pricing, redlining, steering, marketing and servicing. Perform regression testing, identify matched pairs, and conduct file reviews to monitor potential unfair treatment. RiskExec or comparable software will also be used to create maps and perform peer analyses.
• Write testing/monitoring reports summarizing scope, methodology, observations, and conclusions including supporting documentation showing the results of the analysis performed.
• Collaborate with key stakeholders and business units to share results of fair lending testing, and to consult on control enhancements if necessary. Also assist lines of business by reviewing products, services, marketing strategies, policies, procedures and training materials to assess fair banking risk.
• Assist in conducting and updating fair banking risk assessment, including evaluation of inherent risk as well as the sufficiency of business unit controls to detect and prevent fair banking risk
• Perform advanced data and statistical analysis in support of the creation and maintenance of statistical tools, models, including Regression and Multivariate tools/models.
• Support the Fair Banking Compliance Manager in data analysis and model construction. Provide oversight and expertise in the model creation, testing and validation.
• Perform data manipulation and analysis using SQL, SAS, R, Python, or an industry recognized Fair Lending Software Analytics program and present results and recommendations to key stakeholders i.e., Credit, Product Development, Marketing, Production and governance committees including i.e. CRA & Fair Lending Committee and Enterprise Risk Committee.
• Effectively manage analysis timelines to align with, and complete in a timely manner, with the Fair Banking’s annual monitoring plan.
• Participate in ongoing compliance risk assessments based on lines of business and by CRA and Fair Lending regulations; identify acceptable level of compliance risk and corresponding controls; identify and provide solutions to address gaps in controls, mitigate compliance risks, and enhance compliance training.
• Participate in new product development to ensure compliance with CRA and Fair Banking regulations.
• Stay informed concerning new laws and regulations that apply to CRA, Fair Lending, UDAAP, and Redlining and potentially recommend suggestions to management.
• Prepare quality performance metric reports on Fair Banking for the Board, management, and key stakeholders. Provide recommendations regarding opportunities for improvement, and areas of concern, etc. Identify and track appropriate KRIs/KPIs to assist the organization with understanding its fair banking risk profile and performance.
• Assists in the administration of state and federal regulator CRA and fair lending audits or examinations and reviews; assists with responses; ensures deficiencies are addressed and corrective actions are effective and validated.
• Assist with preparing and presenting periodic reports to the designated governance committee concerning the Bank’s ongoing compliance with CRA and Fair Banking regulations.
OTHER RESPONSIBILITIES
• Create and maintain methodology and procedures including change control log for statistical tools/models.
• Write validation reports documenting the independent validation process including important observations, recommendations, and associated remedial actions.
• Develop and maintain effective working relationships with key stakeholders, ensuring effective communication and understanding of model validation findings
• Review ongoing tool/model performance monitoring reports to ensure satisfactory performance and suggest corrective actions where required
• Monitor and assess legislative and regulatory changes to ensure that appropriate personnel are informed, and changes are made as necessary to the Bank’s policies, procedures and monitoring activities to comply with regulatory requirements.
• Assist in establishing annual CRA and Fair Banking goals that must be achieved in order to attain the desired ratings. On an ongoing basis, compile, monitor, and report upon Bank’s performance in achieving said goals.
EXPERIENCE AND OTHER SKILLS REQUIRED
• Bachelor's degree in a quantitative discipline such as mathematics, statistics, data science, economics, or computer science or an equivalent combination of education and experience, required. Five years of experience in banking or financial services with three years of experience with CRA and/or Fair Lending, preferably with federal regulator and/or large institution.
• Master’s degree or higher in related field preferred.
• Strong experience with statistical languages such as R, Stata or Python.
• Demonstrated working knowledge of credit risk databases and Excel to develop data sets for risk analysis.
• 1 year of experience in model development, model validation, and/or quantitative analysis.
• Experience using CRA and fair lending analytical software such as CRAWiz, Fair LendingWiz, RiskExec, Fair Lending Magic, or similar programs.
• Experience with geospatial analytical tools such as ArcGIS or QGIS.
• Ability to effectively communicate to the Fair Lending Officer, Director of Regulatory Affairs, executive management, and banking regulators the merits of complex models in a clear and concise language.
• Strong communication (written and verbal) and organizational skills with the ability to work independently, as well as, collaboratively within a team environment.
• Ability to interact and communicate effectively with all levels of management, legal counsel, regulators and examiners while maintaining strict confidentiality.
• Ability to research and analyze regulatory compliance issues, communicate requirements as they relate to the organization, and develop effective compliance policies, procedures, references, and training.
• Ability to work in a fast-paced environment and positively adapt to routine changes while maintaining high-performance standards.
• Strong decision-making, analytical and investigative abilities with attention to detail and accuracy.
• Strong foundation and business experience of compliance regulations specifically related to lending areas of a financial institution including, but not limited to CRA and Fair Lending,
• Strong organizational skills with the ability to prioritize and manage multiple projects simultaneously
Company Profile
Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, with assets of nearly $10 billion and more than 45 years of financial stability. Tri Counties Bank provides a unique brand of Service With Solutions® for communities throughout California with a breadth of personal, small business and commercial banking services, plus an extensive branch network, more than 37,000 surcharge-free ATMs nationwide, and advanced online and mobile banking.
Tri Counties Bank remains strong and profitable through our top-down commitment to our core values, sound business principles and responsible lending practices.
Our success is also based on our community engagement. We still believe in the vision of the helpful and caring community banker. As we grow and serve more communities, we become more involved, providing substantial financial and volunteer support to local economies and community organizations. We applaud our employees who roll up their sleeves to work and volunteer for a greater good in our communities.
Tri Counties Bank hires individuals who are qualified for the role and who represent the communities in which we serve. We look to place people in positions where they can best utilize their abilities and strengths, and where they are able to grow with the Bank.
Tri Counties Bank is an Affirmative Action and Equal Opportunity Employer, Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Disability/Veteran.
