Fair Lending Analyst (Full Time)
Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.
Prosperity Bank is an Equal Opportunity Employer.
POSITION PURPOSE
The Fair Lending Analyst provides administrative and analytical support for the Bank’s Fair Lending Program. This position assists with fair lending monitoring, reporting, data analysis, documentation, and regulatory compliance activities to help ensure adherence to applicable fair lending laws, regulations, and internal policies.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
- Compile, organize, and maintain fair lending reports, analyses, and supporting documentation.
- Perform secondary quality control review of Fair Lending files within software system.
- Assist in preparing reports for management, committees, and regulatory examinations.
- Monitor assigned reports and follow up with business units to obtain requested information.
- Assist with regression testing and comparative file reviews by gathering and analyzing loan
documentation.
- Support Fair Lending Risk Manager in preparation of periodic reporting, regulatory examinations or
ad-hoc assignments as required.
- Establish and maintain effective communication with lending associates for completion of
required loan file documentation.
- Other duties as assigned.
The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.
SUPERVISORY RESPONSIBILITIES: This role has no supervisory responsibilities.
QUALIFICATIONS
Education/Certification:
Bachelor’s degree in business, systems technology, or related field/equivalent in work experience preferably in a financial institution
Required Knowledge:
Knowledge of regulatory compliance regarding Fair Lending
Strong Understanding of statistical methodologies with regression analysis with focus on identifying and analyzing pricing, underwriting, and servicing disparities throughout the credit life cycle.
Risk Exec/Lending Patterns software experience a plus.
Sound knowledge of the Consumer Mortgage Lending Process and workflow.
Experience Required:
Experience building analytical reports
Working knowledge of Fair Lending Analytics tools
Experience with Bank Loan Policy underwriting and pricing guidelines.
3-5 years of relative experience in product pricing and credit underwriting and/or fair lending compliance
Prior experience working in a U.S. Bank in a compliance or credit underwriting related role or compliance tester, preferably in fair lending compliance
Skills/Abilities:
Ability to work both collaboratively and independently
Strong Analytical and Quantitative Skills.
Detail oriented
Strong Time Management
Proficient computer knowledge and ability to work with multiple applications
Proficient Microsoft Excel and Word knowledge and database applications.
Well organized.
Excellent interpersonal skills.
Hours: Monday - Friday 8:00 AM - 5:00 PM.
40 hours per week.