Fair and Responsible Banking Analyst

Position Summary

Primary Duties:

• Collaborate with first and second line of defense associates to ensure the accuracy and completeness of data used for fair lending analysis.
• Draft and maintain written procedures describing the analytical standards and techniques used under the program.
• Maintain thorough workpapers documenting the scope, assumptions, methodology, and outcomes of each analysis.
• Leverage data analysis and data visualization to answer complex or vaguely defined business intelligence questions posed by first- and second-line managers
• Design statistical models and conduct statistical analysis (i.e. descriptive statistics, regression modeling, redlining analysis, comparative file review, etc) to identify potential disparities among protected classes in bank marketing, underwriting, pricing, and servicing processes.
• Conduct fair lending self-assessments and fair lending testing reviews based on outcomes from the Fair Lending Risk Assessment.
• Translate complex analytical and statistical findings into clear and actionable recommendations for senior management.
• Review new or existing vendors, products, and policies/processes to evaluate fair lending controls and risk exposures.
• Review and investigate complaints alleging discrimination. When necessary, perform root cause analysis and partner with first- and second-line associates to resolve identified concerns.
• Stay current with evolving regulatory expectations, industry best practices, and analysis methodologies.
• Support the Director with data-focused inquiries arising from examination preparation, regulator requests, merger and acquisition analysis, etc.
• Support the Director in duties related to vendor management and model risk management over the fair lending analysis software platform.
• Support the Director in the development of meaningful KRIs and dashboards to monitor fair lending risks and trends
• Support the Director in the completion of fair lending risk assessments
• Other duties as assigned by the Director

Knowledge of:

• Must maintain a thorough understanding applicable state and federal regulations including, but not limited to, Equal Credit Opportunity Act (Reg B), Home Mortgage Disclosure Act (Reg C), and the Fair Housing Act
• Must have a strong understanding of consumer and commercial lending practices including marketing, loan origination, credit underwriting, loan servicing and policy exception processes.
• Must have a strong understanding of fair lending statistical analysis processes and techniques including industry best practices and fair lending examination procedures

Ability to:

• Ability to work independently with minimal supervision
• Strong written and verbal communication skills
• Strong technical capabilities for efficient use of bank systems
• Self-starter motivated to acquire new skills and produce unique analytical insights
• Ability to effectively listen to others and collaborate with a wide array of partners

Education & Training:

• Bachelor's degree in business administration, accounting, finance, economics or a related field of study is required
• 5 years of financial institution experience in the areas of compliance, audit, operations, or credit underwriting is required
• 2 years of experience designing and conducting fair lending analyses such as statistical analysis, redlining analysis, and comparative file reviews is required
• CRCM or FLE Certification, or similar, is preferred
• Experience with PowerBI or similar data visualization tools and their related programing languages (i.e. DAX, M) is preferred
• Experience with RiskExec or similar fair lending analysis tools is preferred

Benefits and Compensation

Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.

(Base Pay Range: $68,000 - $94,000/year)

Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being-now and in the years to come-are important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.

Equal Opportunity

Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

Unsolicited Resumes

Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.